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| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | The Performance of Sustainable Swiss Investments in Times of Crisis |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 38 |
| Date | 2023 |
| Abstract Text | The following paper examines the influence of ESG ratings on companies' share performance in times of crisis. The data basis and the delimitation criteria for this were created by Swiss companies that are traded on the SIX Exchange and, in addition to the COVID-19 and Ukraine crises, investigations were also carried out for normal market conditions and periods with less market volatility and global conflicts in order to be able to serve as a benchmark and to make a comparison. Thus, this paper joins and extends a growing body of literature examining ESG criteria's influence on stock performance. To investigate the impact of ESG criteria, their effect is observed using an OLS regression, with additional control variables included. The independent variable in the regression is the abnormal return, which was chosen to measure share performance. A positive influence of higher ESG ratings on share performance can be shown over the entire period, whereby the positive impact is higher in times of crisis than in the comparison periods with "normal" market conditions. These results speak in favour of investing in high-quality ESG stocks and confirm existing literature that has come to the same conclusions. |
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