Socially responsible investing for sustainability

Damdinbal Dashbal (2021) Socially responsible investing for sustainability. Pénzügyi és Számviteli Kar.

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Absztrakt (kivonat)

The actions towards global sustainability goals have started to attract more attention and since the hit of COVID to the financial market, the stability of our everyday lives needed to change, and almost everyone is rooting and requiring the decision-makers to move forward for these actions to make the world a better place.The European law of 2014/95/EU caught my attention because of its legal framework towards disclosure requirement of non-financial statements for large companies and based on the complexity of diverse sustainable investment types; thus, I dedicated my research to the empirical study of the European companies to see if there is any statistical relationship between the company's ESG score obtained and its cost of capital between 2016 to 2020.Using the data from the company list of DJSI Europe and the S&P Global ESG score, I compared the Beta of the listed companies. Because, according to the financial theory the riskier the asset is, the more return will correspond to it, and the cost of capital represents these returns. That's why, I simply used the relationship of the ESG score and the Beta, which resulted that the correlation has been are rather weak or euphemistically weaker than moderate. As for the regression model performed between the Beta and control variables it resulted ineffective for the relationship testing.These results suggested that the research needs more additional data and as for the Beta the variances between the Beta and ESG score are not the same therefore, we need to consider other data which need to be equal to the ESG variance.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Pénzügyi és Számviteli Kar

Tanszék

Pénzügy Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Pénzügy és Számvitel

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	Cost of capital, ESG, Impact investing, investment, Sustainable Investing
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2022. Már. 11. 08:44
Utolsó módosítás:	2022. Már. 11. 08:44

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