ESG

    Papers & Opinions

    Corporate finance

    Consuming Values

    Paper

    Posted on 9 December 2024

    By Jacob Conway

    We study the extent to which individuals' consumption decisions are influenced by firms' stances on controversial social issues and the implied incentives for firms to take such stances. We use...
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    Electoral politics | Empirics | Financial markets | Regulation

    Is Sustainable Finance a Dangerous Placebo?

    Paper

    Posted on 18 July 2023

    By Stefano Ramelli

    A first-order concern regarding sustainable finance is that it may crowd out individual support for more effective, policy-driven approaches to address societal challenges. We test the validity of this concern...
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    Electoral politics | Empirics | Financial markets

    Investor Rewards to Climate Responsibility: Stock-Price Responses to the Opposite Shocks of the 2016 and 2020 US Elections

    Paper

    Posted on 28 January 2022

    By Stefano Ramelli

    Donald Trump's 2016 election and his nomination of climate skeptic Scott Pruitt to head the Environmental Protection Agency drastically downshifted expectations about U.S. policy toward climate change. Joseph Biden's 2020...
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