ESG and aggregate disagreement

• Published in: Journal of international financial markets, institutions & money Vol. 92; p. 101972
• Main Authors: Luo, Di, Farag, Hisham
• Format: Journal Article
• Language: English
• Published: Elsevier B.V 01.04.2024
• Subjects: Aggregate disagreement; ESG; Stock returns; ESG; G12; Stock returns; Aggregate disagreement; G14; G30

This paper investigates the role of aggregate disagreement in the relationship between environmental, social, and governance (ESG) scores and future stock returns in the United States (US), European Union (EU), and United Kingdom (UK). We find that firms with high ESG scores are likely to have highe...