Stock prices reactive to ESG news considered material by SASB, finds Serafeim study

Investors are “motivated by a financial rather than a non pecuniary motive” say researchers

Daily share prices react only to corporate ESG news identified as financial material by the Sustainability Accounting Standards Board (SASB), a study co-authored by prominent Harvard academic George Serafeim has concluded.

In addition, the recently-published study found that daily…

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