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dc.contributor.authorMahmoud, Ola-
dc.contributor.authorMeyer, Julia-
dc.date.accessioned2021-03-05T13:25:41Z-
dc.date.available2021-03-05T13:25:41Z-
dc.date.issued2020-
dc.identifier.issn1556-5068de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/21940-
dc.description.abstractWe present evidence that sustainability is inextricably linked with market-implied uncertainty and sentiment. We derive an econometric decomposition of sustainability ratings yielding three orthogonal components capturing uncertainty, investor sentiment, and an idiosyncratic sustainability factor. Examining the shock of the COVID-19 pandemic to the US stock market in light of these explanatory factors, we show that the perceived immunity of sustainable stocks during the crash is essentially driven through the uncertainty channel. Once controlling for uncertainty, sentiment and firm fundamentals, the positive relationship between idiosyncratic sustainability and resilience persists, albeit weakly.de_CH
dc.format.extent49de_CH
dc.language.isoende_CH
dc.publisherSSRNde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectESG factorde_CH
dc.subjectESG ratingde_CH
dc.subjectUncertaintyde_CH
dc.subjectInvestor sentimentde_CH
dc.subjectMarket crashde_CH
dc.subjectSustainable equityde_CH
dc.subject.ddc338.927: Umweltökonomie und nachhaltige Entwicklungde_CH
dc.titleThe anatomy of sustainabilityde_CH
dc.typeWorking Paper – Gutachten – Studiede_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInstitut für Financial Management (IFI)de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
Appears in collections:Publikationen School of Management and Law

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Mahmoud, O., & Meyer, J. (2020). The anatomy of sustainability. SSRN.
Mahmoud, O. and Meyer, J. (2020) The anatomy of sustainability. SSRN.
O. Mahmoud and J. Meyer, “The anatomy of sustainability,” SSRN, 2020.
MAHMOUD, Ola und Julia MEYER, 2020. The anatomy of sustainability. SSRN
Mahmoud, Ola, and Julia Meyer. 2020. “The Anatomy of Sustainability.” SSRN.
Mahmoud, Ola, and Julia Meyer. The Anatomy of Sustainability. SSRN, 2020.


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