Ownership of ESG characteristics

被引：0
|
作者：
Mark E. Bateman
Lisa R. Goldberg
机构：
[1] Aperio Group,School of Public Service
[2] LLC,Consortium for Data Analytics in Risk and Department of Economics
[3] a wholly-owned,undefined
[4] indirect subsidiary of BlackRock,undefined
[5] Inc.,undefined
[6] Old Dominion University,undefined
[7] University of California,undefined
[8] Berkeley,undefined
来源：
Journal of Asset Management | 2023年 / 24卷
关键词：
ESG; Ownership; Impact; Responsibility; Portfolio characteristics; Ethical investing;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
A portfolio can be viewed as the collection of the businesses, policies and practices of constituent companies. We measure investors’ Ownership of this collection. Ownership metrics aggregate an assortment of company specific Environmental, Social and Governance (ESG) characteristics to the portfolio level, and they can inform investment and engagement decisions. Relative to a benchmark, investor Ownership is active and satisfies a zero-sum property, which underscores the distinction between Ownership and impact. Ownership of ESG characteristics may be interpreted as ascribing ethical responsibility, but that conclusion and any decisions that result from it belong to the investor.
引用
收藏
页码：534 / 540
页数：6
相关论文
共 50 条
  • [31] The contingent effects of foreign ownership on ESG performance under financial performance feedback
    Kim, Minji
    Yu, Hye-Kyung
    Kim, Tohyun
    FINANCE RESEARCH LETTERS, 2025, 78
  • [32] Retail Characteristics and Ownership Structure
    Beck A. Taylor
    Small Business Economics, 2000, 14 : 157 - 164
  • [33] Retail characteristics and ownership structure
    Taylor, BA
    SMALL BUSINESS ECONOMICS, 2000, 14 (02) : 157 - 164
  • [34] BANKING ON ESG: HOW OWNERSHIP INFLUENCES FINANCIAL OUTCOMES IN 5-ASEAN COUNTRIES
    Nathania, Ruri
    Ekawati, Erni
    BANKS AND BANK SYSTEMS, 2024, 19 (03)
  • [35] Governmental Ownership, Board Gender Diversity, and ESG Performance: Evidence from an Emerging Market
    Eissa, Aref M.
    Hamdy, Arafat
    Diab, Ahmed
    SUSTAINABILITY, 2024, 16 (16)
  • [36] The Role of Environmental, Social, Governance (ESG) Practices and Ownership on Firm Performance in Emerging Markets
    Bilyay-Erdogan, Seda
    Ozturkkal, Belma
    EMERGING MARKETS FINANCE AND TRADE, 2023, 59 (12) : 3776 - 3797
  • [37] The contributions of betas versus characteristics to the ESG premium
    Ciciretti, Rocco
    Dalo, Ambrogio
    Dam, Lammertjan
    JOURNAL OF EMPIRICAL FINANCE, 2023, 71 : 104 - 124
  • [38] Common ownership and investor-focused disclosure: Evidence from ESG financial materiality
    Schiehll, Eduardo
    Kolahgar, Sam
    BUSINESS STRATEGY AND THE ENVIRONMENT, 2025, 34 (01) : 497 - 515
  • [39] Applying Responsible Ownership to Advance SDGs and the ESG Framework, Resulting in the Issuance of Green Bonds
    Jonsdottir, Gudrun Erla
    Sigurjonsson, Throstur Olaf
    Alavi, Ahmad Rahnema
    Mitchell, Jordan
    SUSTAINABILITY, 2021, 13 (13)
  • [40] Ownership characteristics of Asian American banks
    Kashian R.
    Xue Y.
    Kamal R.
    Journal of Economics and Finance, 2019, 43 (3) : 528 - 551
12345