Título :	ESG : cómo incorporarlo en gestión para pasar del marketing a la realidad: un estudio econométrico factorial
Tipo de documento:	documento electrónico
Autores:	Guillermo Villalba Cuesta, Autor ; Javier Alonso Jiménez, Director de tesi
Fecha de publicación:	2020
Número de páginas:	59 p.
Nota general:	Máster Universitario en Instituciones y Mercados Financieros
Idioma :	Inglés (eng)
Materias:	Desarrollo sostenible Inversiones Responsabilidad social de la empresa
Clasificación:	658.17 Gastos ajenos a los de explotación, p. ej. para fomento de actividades culturales, sociales o políticas. Responsabilidad social corporativa
Resumen:	Each decade has an investment theme that, with the power of hindsight, shines over the rest of the investable landscape. In the 90’s it was tech; companies like Apple or Microsoft, fully mature after their 80’s IPO’s, came into their own. In the 00’s it was commodities; both hard and soft commodities could not keep up with rapidly rising demand. Finally, in the 10’s, it was big tech; software transforming how we work, play and live our lives in general. Dominant investment themes make themselves known in everyone’s lives, those of engineers and teachers alike. Standing at the dawn of a new decade, we must therefore think what the 20’s have in store for society as a whole. We live in a world that is ever more responsive and less afraid to speak up. Climate change, promoting gender equality or multiple stakeholder theory are issues that we all demand our companies face up to. ESG investment products are born to channel these concerns. Following rapid growth in interest in ESG over the past 2 years, the Covid-19 epidemic will only propel this trend forward. The purpose of this dissertation is to study ESG stock market returns using an extension of the Fama & French model to determine if this form of investing can outperform the market. I find that ESG is not a source of alpha but rather it contributes to surplus returns through factors that can’t be modelled using traditional methods, ESG being hidden in momentum and market ß. I posit that ESG might just be the investment theme of the 20’s.
Link:	https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=48063

ESG : cómo incorporarlo en gestión para pasar del marketing a la realidad: un estudio econométrico factorial [documento electrónico] / Guillermo Villalba Cuesta, Autor ; Javier Alonso Jiménez, Director de tesi . - 2020 . - 59 p.
Máster Universitario en Instituciones y Mercados Financieros
Idioma : Inglés (eng)

Materias:	Desarrollo sostenible Inversiones Responsabilidad social de la empresa
Clasificación:	658.17 Gastos ajenos a los de explotación, p. ej. para fomento de actividades culturales, sociales o políticas. Responsabilidad social corporativa
Resumen:	Each decade has an investment theme that, with the power of hindsight, shines over the rest of the investable landscape. In the 90’s it was tech; companies like Apple or Microsoft, fully mature after their 80’s IPO’s, came into their own. In the 00’s it was commodities; both hard and soft commodities could not keep up with rapidly rising demand. Finally, in the 10’s, it was big tech; software transforming how we work, play and live our lives in general. Dominant investment themes make themselves known in everyone’s lives, those of engineers and teachers alike. Standing at the dawn of a new decade, we must therefore think what the 20’s have in store for society as a whole. We live in a world that is ever more responsive and less afraid to speak up. Climate change, promoting gender equality or multiple stakeholder theory are issues that we all demand our companies face up to. ESG investment products are born to channel these concerns. Following rapid growth in interest in ESG over the past 2 years, the Covid-19 epidemic will only propel this trend forward. The purpose of this dissertation is to study ESG stock market returns using an extension of the Fama & French model to determine if this form of investing can outperform the market. I find that ESG is not a source of alpha but rather it contributes to surplus returns through factors that can’t be modelled using traditional methods, ESG being hidden in momentum and market ß. I posit that ESG might just be the investment theme of the 20’s.
Link:	https://biblioteca.cunef.edu/gestion/catalogo/index.php?lvl=notice_display&id=48063