How ESG Ratings Can Affect a Firm’s Cost of Equity
Reynolds Holding
AUGUST 2, 2023
trillion in 2016. Investors in firms that emphasize ESG qualities appear to greatly reduce risk and earn returns that exceed those of conventional investments (Derwall et al., Our findings challenge the widely held belief that higher ESG ratings always lead to a reduction in the cost of equity financing. RESOURCES Derwall, J.,
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