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  • 23 Mar 2023
  • Research & Ideas

As Climate Fears Mount, More Investors Turn to 'ESG' Funds Despite Few Rules

Investor interest in social responsibility has skyrocketed in the past three years, even as US regulations to hold companies accountable remain in flux and the environmental, social, and governance (ESG) label itself draws backlash. Investors are willing to pay a... View Details
Keywords: by Rachel Layne; Financial Services
  • Awards

Crowell Memorial Prize

By: George Serafeim
Winner of the 2021 Richard A. Crowell Memorial Award, First Prize, from PanAgora Asset Management’s Quantitative Research Institute for his paper with Aaron Yoon, “Stock Price Reactions to ESG News: The Role of ESG Ratings and Disagreement." View Details
  • 01 Feb 2021
  • News

PanAgora Asset Management Announces Winners of 19th Annual Dr. Richard A. Crowell Memorial Prize

  • 03 Sep 2020
  • News

Social-Impact Efforts That Create Real Value

  • 2022
  • Working Paper

How Do Investors Value ESG?

By: Malcolm Baker, Mark Egan and Suproteem K. Sarkar
Environmental, social, and governance (ESG) objectives have risen to near the top of the agenda for corporate executives and boards, driven in large part by their perceptions of shareholder interest. We quantify the value that shareholders place on ESG using a revealed... View Details
Keywords: Investment; Investment Portfolio; Corporate Social Responsibility and Impact; Business and Shareholder Relations; Environmental Sustainability; Governance; Financial Services Industry; United States
Related
  • 01 Feb 2018
  • News

Ignore environmental, social and governance risks at your peril

  • Research Summary

Overview

Having grown up in a developing country, Professor Sikochi’s research focus is driven by a desire to understand how capital flows to firms and entrepreneurs with the ultimate goal to help build capital markets in the developing economies. To this end, he conducts... View Details

  • 13 Jan 2023
  • Research & Ideas

Are Companies Actually Greener—or Are They All Talk?

Most companies now account for social good in their financial reports in some way, but with regulation scattershot and evolving, it’s complicated for investors to assess so-called ESG reports. The disclosures, known as Environmental, Social, and Governance reports,... View Details
Keywords: by Rachel Layne
  • 23 Jan 2023
  • Research & Ideas

After High-Profile Failures, Can Investors Still Trust Credit Ratings?

rating agencies’ strategic behavior incentivized by the issuer-pay model,” the study concludes. You Might Also Like: What Does an ESG Score Really Say About a Company? Stock Price Reactions to View Details
Keywords: by Ben Rand

    How to Build Workplaces That Protect Employee Health

    John Macomber, senior lecturer at Harvard Business School and a veteran of the real estate industry, was studying ways to make workplaces safer for employees long before the Covid-19 crisis hit. Now that issues like air and water quality are top of... View Details
    • 2019
    • White Paper

    Impact-Weighted Financial Accounts: The Missing Piece for an Impact Economy

    By: George Serafeim, T. Robert Zochowski and Jennifer Downing
    Reimagining capitalism is an imperative. We need to create a more inclusive and sustainable form of capitalism that works for every person and the planet. Massive environmental damage, growing income and wealth disparity, stress, and depression within developed... View Details
    Keywords: Impact-Weighted Accounts; IWAI; Background; Economic Systems; Economy; Corporate Social Responsibility and Impact; Measurement and Metrics; Financial Statements
    Related
    • 23 Aug 2016
    • First Look

    August 23, 2016

    examine if it can be implemented in different contexts and across academic cultures, structures, and traditions. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=51496 Spring 2016 Journal of Applied Corporate Finance ESG... View Details
    Keywords: Sean Silverthorne
    • 05 Oct 2010
    • First Look

    First Look: October 5, 2010

    Affect Credit Ratings? Authors:Bo Becker and Todd Milbourn Abstract The credit rating industry has historically been dominated by just two agencies, Moody's and S&P, leading to longstanding legislative and regulatory calls for... View Details
    Keywords: Sean Silverthorne
    • 20 Mar 2012
    • First Look

    First Look: March 20

    non-performing loans and an increase in interest rate spreads, suggesting that foreign concerns bought domestic banks that had been making loans with low interest rates to parties that had a low probability... View Details
    Keywords: Sean Silverthorne
    • 17 Jan 2024
    • Research & Ideas

    Are Companies Getting Away with 'Cheap Talk' on Climate Goals?

    Companies regularly set ambitious climate goals, but these plans often end up like many people’s New Year’s resolutions: unmet aspirations that quietly fizzle out. While companies often gain positive media attention by trumpeting plans for reducing greenhouse gas... View Details
    Keywords: by Tim Gray
    • 21 May 2021
    • Blog Post

    Alumni Spotlight: Cissy Chen (MBA 2019)

    this sector. Part of my responsibility at the fund was to review the ESG ratings of companies in Asia that were potential investment targets of this new strategy. Once I was told who the target company was,... View Details
    • Fast Answer

    Companies: social responsibility

    Where can I find social responsibility ratings and reports for companies? The following databases rate or rank the social responsibility of companies: MSCI GMI Ratings: GMI Ratings, formerly known as... View Details
    • Fast Answer

    Bloomberg: environmental social and governance (ESG)

    What are some of the ESG commands and information available in Bloomberg? Type ESG <GO> to find ESG ratings by company. Type a ticker into the amber box to... View Details
    • Web

    2023 Reunion Presentations - Alumni

    failure and making it work for us. Why Startups Fail Professor Thomas Eisenmann (DBA 1998, MBA 1983) + More Info – Less Info Most startups fail. About two-thirds of venture capital investments do not earn a positive return. Surprisingly, late-stage startups fail at the... View Details
    • Web

    Accounting & Management Awards & Honors - Faculty & Research

    Award, First Prize, from PanAgora Asset Management’s Quantitative Research Institute for his paper with Aaron Yoon, “Stock Price Reactions to ESG News: The Role of ESG Ratings... View Details