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Economic Development And Environmental Sustainability In The Gcc Countries: New Insights Based On The Economic Complexity, Suzanna Elmassah, Eslam A. Hassanein
Economic Development And Environmental Sustainability In The Gcc Countries: New Insights Based On The Economic Complexity, Suzanna Elmassah, Eslam A. Hassanein
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The economic development and environmental sustainability nexus have long been a fiercely debated issue. Researchers have widely acknowledged the environmental Kuznets curve (EKC) hypothesis when evaluating this relationship. Recently, an emerging strand of research examined the EKC through the lens of the Economic Complexity Index (ECoI) as a broader measure of economic development. However, empirical evidence of the index’s environmental impact is still limited. Despite its growing prominence, no prior research has been conducted in the Gulf Cooperation Council (GCC) using the ECoI, particularly in the EKC context. Furthermore, research comparing the ECoI differentiated impacts on Ecological Footprint and Carbon …
For Whom Does It Pay To Be A Moral Capitalist? Sustainability Of Corporate Financial Performance Of Esg Investment, Mariya Gubareva, Zaghum Umar, Tatiana Sokolova, Valentina Antonyuk
For Whom Does It Pay To Be A Moral Capitalist? Sustainability Of Corporate Financial Performance Of Esg Investment, Mariya Gubareva, Zaghum Umar, Tatiana Sokolova, Valentina Antonyuk
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This paper analyzes the risk-return characteristics of socially responsible investing by employing a time-varying capital gain and Sharpe ratio analysis for various investment horizons. We employ the MSCI ESG (environmental, social and governance) leaders indices in ten markets encompassing Australia, Canada, Europe, Japan, UK, USA, China, India, Russia, and South Africa. Our sample ranges from 2007-2020. We document that ESG investments have very desirable return and hedging attributes for investors in these markets, and especially so in the USA and emerging markets.