17 ESG and Financial Performance
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Demers, E., Hendrikse, J., Joos, P., & Lev, B. (2020).
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Social Science Research Network. https://doi.
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Douglas, E., Van Holt, T., & Whelan, T. (2017).
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Eccles, R. G., Kastrapeli, M. D., & Potter, S. J. (2017).
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Fatemi, A., Glaum, M., & Kaiser, S. (2018). ESG
Performance and Firm Value: The Moderating Role
of Disclosure. Global Finance Journal, 38, 45–64.
EconLit. https://doi.org/10.1016/j.gfj.2017.03.001
Fernández, M. S., Abu-Alkheil, A., & Khartabiel, G.
M. (2019). Do German Green Mutual Funds Perform
Better Than Their Peers? Business and Economics
Research Journal, 10(2), 297–312. https://doi.org/10/
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Glossner, S. (2018). The Price of Ignoring ESG
Risks (SSRN Scholarly Paper ID 3004689). Social
Science Research Network. https://papers.ssrn.com/
abstract=3004689
Hang, M., Geyer-Klingeberg, J., & Rathgeber, A.
W. (2019). It is merely a matter of time: A meta-
analysis of the causality between environmental
performance and financial performance. Business
Strategy and the Environment, 28(2), 257–273.
Hernaus, A. I. (2019). Exploring the strategic variety
of socially responsible investment—Financial
performance insights about SRI strategy portfolios.
Sustainability Accounting Management and Policy
Journal, 10(3), 545–569. https://doi.org/10.1108/
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Hübel, B., & Scholz, H. (2020). Integrating
sustainability risks in asset management: The role
of ESG exposures and ESG ratings. Journal of Asset
Management, 21(1), 52–69.
Ielasi, F., Rossolini, M., & Limberti, S. (2018).
Sustainability-themed mutual funds: An empirical
examination of risk and performance. Journal of Risk
Finance, 19(3), 247–261. https://doi.org/10.1108/JRF-
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In, S. Y., Park, K. Y., & Monk, A. H. B. (2019). Is “Being
Green” Rewarded in the Market?: An Empirical
Investigation of Decarbonization and Stock Returns
(SSRN Scholarly Paper ID 3020304). Social Science
Research Network. https://papers.ssrn.com/
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