Analysis of Risks and Returns of ESG Portfolios under Different Market Conditions

An Empirical Comparison of China, the US, and Europe

DOI

10.2991/978-94-6463-546-1_37How to use a DOI?

Keywords

ESG investments; Market conditions; Risk and return analysis; Comparative study; Stock price data

Abstract

This paper explores the risks and returns of ESG (Environmental, Social, and Governance) portfolios under different market conditions in China, the United States, and Europe. By analyzing stock price data from January 1, 2021, to December 31, 2023, this study investigates the comparative performance of ESG investments during bull and bear markets. The results indicate that high ESG-score portfolios exhibit greater resilience and lower volatility in bear markets compared to low-ESG portfolios while delivering competitive returns in bull markets. This finding suggests that ESG investments not only contribute to sustainable development but also offer potential risk mitigation benefits during market downturns.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Zisheng Liang
PY  - 2024
DA  - 2024/10/27
TI  - Analysis of Risks and Returns of ESG Portfolios under Different Market Conditions
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 330
EP  - 338
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_37
DO  - 10.2991/978-94-6463-546-1_37
ID  - Liang2024
ER  -