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Sustainable Corporate Finance and Risk Management

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: closed (1 March 2022) | Viewed by 5060

Special Issue Editor

Paul Desmarais/London Life Faculty Fellow in Finance, Ivey School of Business, Western University, London, ON N6G 0N1, Canada
Interests: corporate finance; corporate governance; executive compensation; corporate social responsibility
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

We invite you to submit high-quality research papers to the special issue of “Sustainable Corporate Finance and Risk Management.” Sustainable corporate finance is quickly becoming one of the biggest issues facing the corporate world. Environmental and social issues may threaten the financial and operational viability of any businesses that ignore them. The focus of academic research is shifting from a pure shareholder-centered profitability-oriented view towards a business strategy that aligns risk-return goals with a company’s ESG and CSR policies. Capital flows (capital raising and investment), risk management (insurance and risk assessment), corporate governance (monitoring and incentive), and financial processes (disclosure, valuation, and oversight) all assimilate environmental and social factors to manage risk, promote sustainable growth, and  fight for the long-term stability and survival of a business. The goal of this Special Issue is to provide guidelines on how to make these alignments efficient.

Dr. Zhichuan (Frank) Li
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. Sustainability is an international peer-reviewed open access semimonthly 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 2400 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

  • corporate finance
  • sustainable finance
  • risk management
  • CSR
  • corporate social responsibility

Published Papers (1 paper)

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Research

18 pages, 669 KiB  
Article
Are ESG Shares a Safe Haven during COVID-19? Evidence from the Arab Region
Sustainability 2022, 14(1), 208; https://doi.org/10.3390/su14010208 - 26 Dec 2021
Cited by 15 | Viewed by 4480
Abstract
The world experienced significant changes in its social and economic lives in 2020–21. Major stock markets experienced an immediate decline. This paper attempts to examine the impact of COVID-19 on stock market performance as well as to identify the differences between the responses [...] Read more.
The world experienced significant changes in its social and economic lives in 2020–21. Major stock markets experienced an immediate decline. This paper attempts to examine the impact of COVID-19 on stock market performance as well as to identify the differences between the responses of ESG stocks and normal stocks to pandemic conditions in the Arab region. Daily time series for three years between March 2019 and March 2021 were collected for the S&P Pan Arab Composite index and S&P/Hawkamah ESG Pan Arab Index. We used a generalized autoregressive conditional heteroscedasticity (GARCH) model to measure market shocks and a non-linear autoregressive distributed lagged (NARDL) regression model to display the relationship between COVID-19 measurements and the performance of stock indexes. The findings suggest that the volatilities of ESG portfolios and conventional ones were equally affected in the pre-COVID period. However, in the post-COVID period, the magnitude of volatility in the ESG stock index was significantly less compared to that of the conventional stock index. The results also revealed that in the ESG market, shock tended to remain for a shorter period. Furthermore, the ESG index was not affected by the number of confirmed cases and deaths. However, evidence of asymmetric long-run cointegration existed between the S&P index and number of cases and deaths. Increases in the numbers of cases and deaths caused a decline in market index, whereas the reverse trends were observed in the retreat of the pandemic. Full article
(This article belongs to the Special Issue Sustainable Corporate Finance and Risk Management)
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