Rodyti trumpą aprašą

dc.rights.licenseKūrybinių bendrijų licencija / Creative Commons licenceen_US
dc.contributor.authorPompella, Maurizio
dc.contributor.authorCostantino, Lorenzo
dc.date.accessioned2024-08-07T08:10:03Z
dc.date.available2024-08-07T08:10:03Z
dc.date.issued2022
dc.date.submitted2022-03-28
dc.identifier.isbn9786094762888en_US
dc.identifier.issn2029-4441en_US
dc.identifier.urihttps://etalpykla.vilniustech.lt/handle/123456789/154653
dc.description.abstractEnvironmental and social sustainability together with sound governance have increasingly attracted interest from consumers and investors, paving the way for the so called ESG finance. ESG criteria seem to reshape the way companies, investors and consumers behave. While laudable, the acceleration of ESG finance may raise concerns relating to the robustness underpinning this new set of financial products, as well as the reliability of ESG-related information released by companies to design their public profile. A new breed of ESG ratings and rankings is enriching the metrics used by investors and consumers to make informed financial and investment decisions. Nevertheless, such ratings and rankings depend on the individual disclosure strategies adopted by companies. The scope of this article is to complement available data about individual emissions declared by companies with their ESG disclosure level, particularly focusing on the Environment. This leads the authors to build a new metric, deputed to reduce asymmetric information hopefully, and to favour responsible investment. Starting from ESG related information publicly available, a new disclosure adjusted pollution index (namely the “GHG Scope-1 DAdj index”) is built. The empirical analysis performed in the second part of the contribution, based on this new index, suggests that the rush to ESG finance may possibly be generating leeway for new forms of asymmetries and potential distortions in investment decisions as well as providing ground for speculative approaches in financial product development that heighten concerns and new risks for investors. A handful of companies from our sample become less obvious choices for responsible investors once their environmental record is assessed through the GHG Scope-1 DAdj index.en_US
dc.format.extent9 p.en_US
dc.format.mediumTekstas / Texten_US
dc.language.isoenen_US
dc.relation.urihttps://etalpykla.vilniustech.lt/handle/123456789/154478en_US
dc.rightsAttribution 4.0 Internationalen_US
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_US
dc.source.urihttps://bm.vgtu.lt/index.php/verslas/2022/paper/view/862en_US
dc.subjectESG financeen_US
dc.subjectasymmetric informationen_US
dc.subjectinvestor protectionen_US
dc.subjectGHG Scope-1 Disclosure Adjusted Indexen_US
dc.subjectCarbon-Backed Green Productsen_US
dc.titleESG disclosure and emerging trends in responsible investments: how asymmetric information may impact stability againen_US
dc.typeKonferencijos publikacija / Conference paperen_US
dcterms.accessRightsLaisvai prieinamas / Openly availableen_US
dcterms.accrualMethodRankinis pateikimas / Manual submissionen_US
dcterms.alternativeFinance and investments: new challenges and opportunitiesen_US
dcterms.dateAccepted2022-04-19
dcterms.issued2022-05-13
dcterms.licenseCC BYen_US
dcterms.references22en_US
dc.description.versionTaip / Yesen_US
dc.contributor.institutionUniversity of Sienaen_US
dc.contributor.institutionIDP European Consultantsen_US
dcterms.sourcetitle12th International Scientific Conference “Business and Management 2022”en_US
dc.identifier.eisbn9786094762895en_US
dc.identifier.eissn2029-929Xen_US
dc.publisher.nameVilnius Gediminas Technical Universityen_US
dc.publisher.nameVilniaus Gedimino technikos universitetasen_US
dc.publisher.countryLithuaniaen_US
dc.publisher.countryLietuvaen_US
dc.publisher.cityVilniusen_US
dc.identifier.doihttps://doi.org/10.3846/bm.2022.862en_US


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