Increasing importance of the social component of sustainable finance during the COVID 19 pandemic (მდგრადი დაფინანსების სოციალური კომპონენტის ზრდა COVID-19 პანდემიის პირობებში)

Loading...
Thumbnail Image
Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The integration of social issues into the ESG world has made insufficient progress as the social component has received relatively little attention due to the challenges associated with its definition, evaluation, coverage, and measurement. In the wake of the COVID-19 pandemic, the debate over the role of social issues in the decision-making process has taken on new significance. Now, there is a growing interest in social issues for investors and financial institutions, as improper consideration of these issues can create significant risks and lead to long-term damage to reputation.
Description
1. Berg, F., Koelbel, J. F., & Rigobon, R. (2019). Aggregate confusion: The divergence of ESG ratings (pp. 1-42). Cambridge, MA, USA: MIT Sloan School of Management. Available at SSRN: https://ssrn.com/abstract=3438533 or http://dx.doi.org/10.2- 139/ssrn.3438533 2. Bouslah, K., Kryzanowski, L. & M’Zali, B. (2018). Social Performance and Firm Risk. Impact of the Financial Crisis. J Bus Ethics 149, 643–669, 2018. https://doi.org/10.1007/s10551-016-3017-x 3. Del Giudice, A., M. Migliavacca, and S. Piserà. (2019). The impact of ESG factors on systematic, idiosyncratic and total firm risk. Working paper. 4. DWS. (2020). Systematic Investment Solutions: Spotlight on ‘S’ - Integrating the Social factor into investment portfolios. Investment Insights. 5. Deutsche Bank AG. (2019). The “S” in ESG: the ugly duckling of investing. CIO Special. 6. Friede G., Timo Busch & Alexander Bassen (2015) ESG and financial performance: aggregated evidence from more than 2000 empirical studies. Journal of Sustainable Finance & Investment, 5:4, 210-233, DOI: 10.1080/20430795.2015.1118917 7. Khan, Mozaffar and Serafeim, George and Yoon, Aaron. (2016). Corporate Sustainability: First Evidence on Materiality. The Accounting Review, Vol. 91, No. 6, pp. 1697-1724., Available at SSRN: https://ssrn.com/abstract=2575912 or http://dx.doi.- org/10.2139/ssrn.2575912 8. Sassen, R., Hinze, A. & I. Hardeck (2016). Impact of ESG factors on firm risk in Europe. J Bus Econ 86, 867–904, 2016. https://doi.org/10.1007/s11573-016-0819-3 9. White & Case LLP. (2021). Amplifying the “S” in ESG: Investor Myth Buster. URL: https://www.whitecase.com/publications/insight/amplifying-s-esg-investor-mythbuster?utm_source=linkedin&utm_medium=organic&utm_term=&utm_content=&utm_campaign=
Keywords
მდგრადი დაფინანსება, ESG, სოციალური საკითხები, COVID 19 პანდემია
Citation
International Scientific Conference Dedicated to the Establishment of the University and the 100th Anniversary of the Faculty of Economics and Business “Covid 19 Pandemic and Economics”, Tbilisi, 2022, pp. 148-154
Collections