Environmental, Social, and Governance Activities

Environmental, Social, and Governance Activities

By
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative (CGRI), March
2019

This Research Spotlight provides a summary of the academic literature on environmental, social, and governance (ESG) activities including:

  • The relation between ESG activities and firm value
  • The impact of environmental and social engagements on firm performance
  • The market reaction to ESG events
  • The relation between ESG and agency problems
  • The performance of socially responsible investment (SRI) funds

This Research Spotlight expands upon issues introduced in the Quick Guide Investors and Activism.