{"id":"https://openalex.org/W1906591102","doi":"https://doi.org/10.7202/1030386ar","title":"ESG Impact on Market Performance of Firms: International Evidence","display_name":"ESG Impact on Market Performance of Firms: International Evidence","publication_year":2015,"publication_date":"2015-05-07","ids":{"openalex":"https://openalex.org/W1906591102","doi":"https://doi.org/10.7202/1030386ar","mag":"1906591102"},"language":"en","primary_location":{"id":"doi:10.7202/1030386ar","doi":"https://doi.org/10.7202/1030386ar","is_oa":true,"landing_page_url":"https://doi.org/10.7202/1030386ar","pdf_url":"http://www.erudit.org/fr/revues/mi/2015-v19-n2-mi01857/1030386ar.pdf","source":{"id":"https://openalex.org/S2764449526","display_name":"Management international","issn_l":"1206-1697","issn":["1206-1697","1918-9222"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","fnege-2","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management international","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"http://www.erudit.org/fr/revues/mi/2015-v19-n2-mi01857/1030386ar.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5073959695","display_name":"Jean\u2010Michel Sahut","orcid":"https://orcid.org/0000-0002-4228-9207","observed_orcids":["https://orcid.org/0000-0002-4228-9207"]},"institutions":[{"id":"https://openalex.org/I4210099530","display_name":"IPAG Business School","ror":"https://ror.org/00w56r274","country_code":"FR","type":"education","lineage":["https://openalex.org/I4210099530"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Jean-Michel Sahut","raw_affiliation_strings":["IPAG Business School, Paris"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IPAG Business School, Paris","institution_ids":["https://openalex.org/I4210099530"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5027524111","display_name":"H\u00e9l\u00e8ne Pasquini-Descomps","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"H\u00e9l\u00e8ne Pasquini-Descomps","raw_affiliation_strings":["HEG Haute \u00c9cole de gestion de Gen\u00e8ve, Switzerland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"HEG Haute \u00c9cole de gestion de Gen\u00e8ve, Switzerland","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":8.2503,"has_fulltext":true,"cited_by_count":175,"citation_normalized_percentile":{"value":0.9678251,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"19","issue":"2","first_page":"40","last_page":"63"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9907000064849854,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.9907000064849854,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":0.004900000058114529,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.00279999990016222,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/esg-ratings","display_name":"ESG ratings","score":0.8769999742507935},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.7559999823570251},{"id":"https://openalex.org/keywords/corporate-sustainability-disclosure","display_name":"corporate sustainability disclosure","score":0.5419999957084656},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.6190000176429749},{"id":"https://openalex.org/keywords/environmental-performance","display_name":"environmental performance","score":0.6019999980926514},{"id":"https://openalex.org/keywords/social-performance","display_name":"social performance","score":0.8569999933242798},{"id":"https://openalex.org/keywords/cross-national-comparison","display_name":"cross-national comparison","score":0.7260000109672546},{"id":"https://openalex.org/keywords/nonlinear-relationship","display_name":"nonlinear relationship","score":0.5799999833106995},{"id":"https://openalex.org/keywords/swiss-stock-market","display_name":"Swiss stock market","score":0.5529999732971191},{"id":"https://openalex.org/keywords/us-stock-market","display_name":"US stock market","score":0.9860000014305115},{"id":"https://openalex.org/keywords/uk-stock-market","display_name":"UK stock market","score":0.9990000128746033}],"concepts":[{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.6643257737159729},{"id":"https://openalex.org/C141261163","wikidata":"https://www.wikidata.org/wiki/Q218600","display_name":"Corporate social responsibility","level":2,"score":0.5715769529342651},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5639265775680542},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5443333387374878},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5090265274047852},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3896009624004364},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.34201139211654663},{"id":"https://openalex.org/C4249254","wikidata":"https://www.wikidata.org/wiki/Q3044431","display_name":"Demographic economics","level":1,"score":0.32832205295562744},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.31365007162094116},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14865845441818237},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.12976229190826416},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.07786917686462402},{"id":"https://openalex.org/C39549134","wikidata":"https://www.wikidata.org/wiki/Q133080","display_name":"Public relations","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.7202/1030386ar","doi":"https://doi.org/10.7202/1030386ar","is_oa":true,"landing_page_url":"https://doi.org/10.7202/1030386ar","pdf_url":"http://www.erudit.org/fr/revues/mi/2015-v19-n2-mi01857/1030386ar.pdf","source":{"id":"https://openalex.org/S2764449526","display_name":"Management international","issn_l":"1206-1697","issn":["1206-1697","1918-9222"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","fnege-2","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management international","raw_type":"journal-article"},{"id":"pmh:oai:erudit.org:1030386ar","doi":null,"is_oa":false,"landing_page_url":"http://id.erudit.org/iderudit/1030386ar","pdf_url":null,"source":{"id":"https://openalex.org/S4377196102","display_name":"\u00c9rudit (Universit\u00e9 de Montr\u00e9al)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I70931966","host_organization_name":"Universit\u00e9 de Montr\u00e9al","host_organization_lineage":["https://openalex.org/I70931966"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"mag:2924471113","doi":null,"is_oa":false,"landing_page_url":"https://hesso.tind.io/record/749","pdf_url":null,"source":{"id":"https://openalex.org/S2764449526","display_name":"Management international","issn_l":"1206-1697","issn":["1206-1697","1918-9222"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","fnege-2","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Management international","raw_type":null}],"best_oa_location":{"id":"doi:10.7202/1030386ar","doi":"https://doi.org/10.7202/1030386ar","is_oa":true,"landing_page_url":"https://doi.org/10.7202/1030386ar","pdf_url":"http://www.erudit.org/fr/revues/mi/2015-v19-n2-mi01857/1030386ar.pdf","source":{"id":"https://openalex.org/S2764449526","display_name":"Management international","issn_l":"1206-1697","issn":["1206-1697","1918-9222"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","fnege-2","norway-1"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Management international","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1906591102.pdf","grobid_xml":"https://content.openalex.org/works/W1906591102.grobid-xml"},"referenced_works_count":42,"referenced_works":["https://openalex.org/W1515939212","https://openalex.org/W1547562990","https://openalex.org/W1918119150","https://openalex.org/W1974446582","https://openalex.org/W1976083669","https://openalex.org/W1981530661","https://openalex.org/W1981656228","https://openalex.org/W1994316837","https://openalex.org/W1995834279","https://openalex.org/W2000578291","https://openalex.org/W2010404836","https://openalex.org/W2027142540","https://openalex.org/W2035673621","https://openalex.org/W2039575760","https://openalex.org/W2047735993","https://openalex.org/W2064891424","https://openalex.org/W2066778800","https://openalex.org/W2073928172","https://openalex.org/W2082747462","https://openalex.org/W2087008239","https://openalex.org/W2090758019","https://openalex.org/W2091248281","https://openalex.org/W2093208762","https://openalex.org/W2098935104","https://openalex.org/W2108267835","https://openalex.org/W2109556162","https://openalex.org/W2116347131","https://openalex.org/W2125945958","https://openalex.org/W2136120210","https://openalex.org/W2160860931","https://openalex.org/W2164639462","https://openalex.org/W2177756622","https://openalex.org/W2735562927","https://openalex.org/W2752617332","https://openalex.org/W3022643413","https://openalex.org/W3121160329","https://openalex.org/W3122220309","https://openalex.org/W3122263386","https://openalex.org/W3123009431","https://openalex.org/W4233420185","https://openalex.org/W4243269373","https://openalex.org/W4248482545"],"related_works":["https://openalex.org/W2970126438","https://openalex.org/W7065802916","https://openalex.org/W3177773262","https://openalex.org/W4312624383","https://openalex.org/W4388827666","https://openalex.org/W4404331591","https://openalex.org/W6922513549","https://openalex.org/W7166864583","https://openalex.org/W7164409182","https://openalex.org/W4408301955"],"abstract_inverted_index":{"This":[0],"study":[1],"investigates":[2],"how":[3],"news-based":[4],"scores":[5],"in":[6,21,45,54],"ESG":[7,40],"(Environmental,":[8],"Social,":[9],"and":[10,25,67],"corporate":[11],"Governance)":[12],"may":[13],"have":[14],"influenced":[15],"the":[16,23,26,29,35,38,46,52,76,89,98],"monthly":[17],"stocks\u2019":[18],"market":[19],"return":[20],"Switzerland,":[22],"US,":[24],"UK":[27],"during":[28,79],"2007\u20132011":[30],"period.":[31],"We":[32,48],"find":[33],"that":[34,51,97],"variation":[36],"of":[37,57],"overall":[39],"score":[41],"is":[42,108],"only":[43],"significant":[44,73],"UK.":[47],"also":[49],"show":[50],"changes":[53,107],"sub-category":[55],"ratings":[56],"GRI":[58],"(namely,":[59],"governance,":[60],"economic,":[61],"environment,":[62],"labor,":[63],"human":[64],"rights,":[65],"society,":[66],"products)":[68],"exhibit":[69],"a":[70,101],"small":[71],"but":[72],"impact":[74],"on":[75,83],"stock\u2019s":[77,102],"performance":[78,103],"limited":[80,84],"periods":[81],"or":[82],"sectors,":[85],"which":[86],"varies":[87],"among":[88],"countries.":[90],"Finally,":[91],"our":[92],"non-parametric":[93],"kernel":[94],"regression":[95],"highlights":[96],"function":[99],"linking":[100],"to":[104],"its":[105],"ESG-score":[106],"probably":[109],"non-linear.":[110]},"counts_by_year":[{"year":2026,"cited_by_count":13},{"year":2025,"cited_by_count":24},{"year":2024,"cited_by_count":31},{"year":2023,"cited_by_count":19},{"year":2022,"cited_by_count":46},{"year":2021,"cited_by_count":14},{"year":2020,"cited_by_count":12},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":2}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2016-06-24T00:00:00"}