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Contribution Details

Type Master's Thesis
Scope Discipline-based scholarship
Title Shareholder structure and ESG-investment approaches
Organization Unit
Authors
  • Alexander Mair
Supervisors
  • Christoph Wenk Bernasconi
  • Alexander Wagner
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 85
Date 2019
Abstract Text The majority of SRI assets are invested using the exclusionary approach, but little is known on the impact this strategy has on measures of nancial per- formance and ownership structure. The ndings suggest that any di erences in these measures linked to shareholder exit are not statistically signi cant and thus not explainable by exclusion, which in turn may reopen the debate on shareholder exit vs corporate engagement. Some reservations about the results remain, mainly due to restricted data availability, the lack of a stan- dardized ESG measuring and implementation as well as modeling limitations of the exclusionary approach.
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