The higher the hope, the harder the fall: Study finds ESG downgrades hit optimistic investors the hardest
A new study from Murdoch University has found that Environmental, Social and Governance (ESG) downgrades trigger significantly larger share price losses when they come as a surprise to optimistic investors. The findings are published in the journal International Review of Economics & Finance.
Image: Phys.org
A new study from Murdoch University has found that Environmental, Social and Governance (ESG) downgrades trigger significantly larger share price losses when they come as a surprise to optimistic investors. The findings are published in the journal International Review of Economics & Finance.
Originally published at Phys.org
