In response to the escalating demand for sustainable investment options, the mutual fund industry is actively integrating sustainability into investment strategies and has introduced numerous financial products focused on sustainable investing. Consequently, mutual funds in capital markets can generally be categorized into two groups: self-identified ESG funds and non-ESG funds. Notably, over 70% of the… Read More »
In our recent paper[1], we robustly document that firms have strong incentives to do good by serving a social purpose, as they not only perform well financially, but they also attract financially sophisticated investors with long-term orientation. What is important, however, is not only to do good by engaging in environmental, social, and governance (“ESG”) activities, but also… Read More »
Since 2008, researchers have identified 335 human diseases as having emerged in the period between 1960 and 2004, their names running the gamut from Avian flu to Zika. Furthermore, since 2003, the world has faced a series of medical challenges, such as the outbreaks of SARS, MERS, and Ebola, that have required immediate global action… Read More »
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