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Global Recognition Of Sustainable Companies And The Search For Meaningful Returns, Jenny Gyurova Hite
Global Recognition Of Sustainable Companies And The Search For Meaningful Returns, Jenny Gyurova Hite
Doctoral Dissertations (DBA)
Can an investor realize meaningful returns by choosing sustainability? Global Knights publishes an annual 100 Global Most Sustainable companies list which has been announced each January in Davos, Switzerland since 2005. This paper examines the global recognition of the US sustainable companies which make that list and the presence of cumulative abnormal returns of their portfolio. Event study methodology is used to assess short and long term cumulative abnormal returns of a dynamic portfolio updated annually over 16 years to include those names. Standard Deviations and Sortino Ratios are evaluated to determine the comparative level of risk a potential investor …