Special Issue "Advances in Sustainable Finance"

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Sustainability and Finance".

Deadline for manuscript submissions: 20 August 2022 | Viewed by 1859

Special Issue Editor

Prof. Dr. Thi Hong Van Hoang
E-Mail Website
Guest Editor
Department of Finance and Accounting, Montpellier Business School, 34080 Montpellier, France
Interests: sustainable finance; financial markets; corporate finance; energy and environmental economics

Special Issue Information

Dear Colleagues,

In 2015, the COP21 reached a historic agreement on the global goal of keeping global warming temperatures from increasing by more than 2 °C by 2100. Shortly before COP21, the United Nations and member countries defined the 17 Sustainable Development Goals for the 2030 Agenda. To achieve these objectives, the financial sector has its role to play by directing capital flows towards firms and investment projects that will enable these social and environmental objectives to be attained. To do this, for nearly 20 years, the financial sector has been developing reporting and performance measurement tools based on environmental (E), social (S), and governance (G) indicators. Despite numerous efforts by regulators and actors in the financial sector, the need to have clear and common benchmarks has become essential for a successful environmental, social, and economic transition. It is in this context that we launch this Special Issue on “Advances in Sustainable Finance”, with the objective to publish high-quality research on sustainable finance, ESG investing, socially responsible investments (SRIs), impact investing, ESG disclosure, green bonds, and any other topics related to social and sustainable finance. We pay particular attention to the importance of compliance and big data in sustainable finance. We encourage the submission of both quantitative and qualitative research works.

Prof. Dr. Thi Hong Van Hoang
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Sustainable Finance
  • ESG Investing
  • Socially Responsible Investment (SRI)
  • ESG Disclosure
  • ESG Disclosure Frameworks
  • Impact Investing
  • Sustainable Development Goals (SDGs)
  • Corporate Social Responsibility (CSR)
  • Green Bonds
  • United Nations Principles for Responsible Investment (PRI)
  • Compliance
  • Big Data & Artificial Intelligence

Published Papers (2 papers)

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Research

Article
Do Ethical Companies Have High Stock Prices or High Returns?
J. Risk Financial Manag. 2022, 15(2), 81; https://doi.org/10.3390/jrfm15020081 - 14 Feb 2022
Viewed by 650
Abstract
In this paper, we examine the performance of an impact investing strategy using the most ethical companies to build an impact investing portfolio. We test the time-series and cross-sectional returns of the impact portfolio, explore the financial analyst coverage of the most ethical [...] Read more.
In this paper, we examine the performance of an impact investing strategy using the most ethical companies to build an impact investing portfolio. We test the time-series and cross-sectional returns of the impact portfolio, explore the financial analyst coverage of the most ethical firms, and run regressions to analyze the valuation of the most ethical firms. Our empirical results reveal that the portfolio consisting of the most ethical firms has a higher risk-adjusted return and that the most ethical firms have lower stock valuations than comparable stocks. We attribute our findings to the incomplete information in business ethics norms. Full article
(This article belongs to the Special Issue Advances in Sustainable Finance)
Article
Sustainable Blueprint: Do Stock Investors Increase Emissions?
J. Risk Financial Manag. 2022, 15(2), 70; https://doi.org/10.3390/jrfm15020070 - 04 Feb 2022
Viewed by 700
Abstract
The lack of agreement on climate policies among stock-market investors has raised significant concerns about GHG-emission levels, likely reflected in asset pricing. This study uses annual data sourced from the World Bank from 1980 to 2019 to examine whether stock-market investments increase GHG [...] Read more.
The lack of agreement on climate policies among stock-market investors has raised significant concerns about GHG-emission levels, likely reflected in asset pricing. This study uses annual data sourced from the World Bank from 1980 to 2019 to examine whether stock-market investments increase GHG emissions in Organization for Economic Co-operation and Development (OECD) countries. The study employs the panel-standard fixed effects and the Arellano-Bover and Blundell–Bond dynamic methods and shows that stock-investor confidence is critical for emissions reduction in OECD countries. Additionally, the results highlight the potential mechanism through which the stock market can influence emissions in the OECD countries. We recommend that investors re-evaluate the emissions criteria before selecting long stock portfolios. Additionally, there is a need for policymakers to promote the preservation of environmental quality by carefully redesigning policies for stock-market investments. Full article
(This article belongs to the Special Issue Advances in Sustainable Finance)
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