FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W4378602141> ?p ?o ?g. }

• W4378602141 abstract "Purpose This study investigates the relation between ESG-driven investment strategies and the performance of infrastructure funds. More specifically, this study examines the impact of the different dimensions – environmental (E), social (S) and governance (G) – of the ESG profile of infrastructure funds on their performance. Design/methodology/approach To study the risk-return properties of infrastructure funds and the relationship with their ESG profiles, an econometric analysis is conducted, based on a sample of 180 listed, ESG-oriented infrastructure funds identified through Refinitiv Eikon. Findings The results show that infrastructure funds with more solid environmental investment policies experience a lower performance, while those with a stronger social orientation yield a superior performance. Governance-related investment policies seem trivial in determining the performance of these funds. Further analysis shows that ESG controversies have a negative impact on infrastructure funds' performance, whereas Emissions and Resource Use scores, both proxying for different elements under the environmental pillar, have opposite signs. Finally, the Community score has a positive impact on funds' performance consistent with the positive impact of the social pillar score. The study also provides a number of sub-sample analyses to shed light on the conditions under which each pillar has significant impact on funds’ performance. Practical implications First, infrastructure funds should choose the composition of their portfolio holdings in a way that the total return is not penalized by the prevalence of the tricky E aspects (compliance with environmental regulations) over the main benefits of the S dimension. Second, fund managers need to bet on infrastructures with an expected impact on the social pillar dimension such as those aimed at promoting the wealth of the local communities (e.g. hospitals, schools). Third, to strengthen the fund's social dimension, fund managers must increase the dollar amount of the assets under management to count on a higher firepower. Originality/value This study makes three contributions to literature. First, the ESG profiles of the infrastructure funds operating both at local and global level and their relationship with annual performance are studied. Second, the different dimensions of the ESG profile of infrastructure funds are investigated by measuring their impact on performance. Third, the study sheds light on some detailed but relevant aspects of this phenomenon by analyzing the breakdown of the ESG profile of infrastructure funds into four sustainability sub-scores capturing their efforts to reduce CO2 emissions, the use of polluting materials and to influence local communities as well their exposure to the risk of litigation due to the occurrence of ESG controversies. This study addresses the extent to which the adoption of ESG investment policies by the infrastructure funds have an impact on their performances." @default.
• W4378602141 created "2023-05-29" @default.
• W4378602141 creator A5001552324 @default.
• W4378602141 creator A5018540677 @default.
• W4378602141 date "2023-05-30" @default.
• W4378602141 modified "2023-09-30" @default.
• W4378602141 title "Exploring the role of ESG for the performance and risks of infrastructure investing: evidence from the international funds' market" @default.
• W4378602141 cites W1004716736 @default.
• W4378602141 cites W2018459514 @default.
• W4378602141 cites W2073928172 @default.
• W4378602141 cites W2140814689 @default.
• W4378602141 cites W2463994288 @default.
• W4378602141 cites W2754962058 @default.
• W4378602141 cites W2769727601 @default.
• W4378602141 cites W2885949863 @default.
• W4378602141 cites W2996233037 @default.
• W4378602141 cites W3004684530 @default.
• W4378602141 cites W3099500163 @default.
• W4378602141 cites W3107796407 @default.
• W4378602141 cites W3122079104 @default.
• W4378602141 cites W3124597633 @default.
• W4378602141 cites W3124920732 @default.
• W4378602141 cites W3125028742 @default.
• W4378602141 cites W3125417488 @default.
• W4378602141 cites W3125969230 @default.
• W4378602141 cites W3128873853 @default.
• W4378602141 cites W3155804760 @default.
• W4378602141 cites W3156203741 @default.
• W4378602141 cites W3183535367 @default.
• W4378602141 cites W4214836379 @default.
• W4378602141 doi "https://doi.org/10.1108/mf-01-2023-0024" @default.
• W4378602141 hasPublicationYear "2023" @default.
• W4378602141 type Work @default.
• W4378602141 citedByCount "0" @default.
• W4378602141 crossrefType "journal-article" @default.
• W4378602141 hasAuthorship W4378602141A5001552324 @default.
• W4378602141 hasAuthorship W4378602141A5018540677 @default.
• W4378602141 hasConcept C10138342 @default.
• W4378602141 hasConcept C103144560 @default.
• W4378602141 hasConcept C121955636 @default.
• W4378602141 hasConcept C139719470 @default.
• W4378602141 hasConcept C144133560 @default.
• W4378602141 hasConcept C162324750 @default.
• W4378602141 hasConcept C169549615 @default.
• W4378602141 hasConcept C17744445 @default.
• W4378602141 hasConcept C183582576 @default.
• W4378602141 hasConcept C185592680 @default.
• W4378602141 hasConcept C198531522 @default.
• W4378602141 hasConcept C199539241 @default.
• W4378602141 hasConcept C206757995 @default.
• W4378602141 hasConcept C26584437 @default.
• W4378602141 hasConcept C27548731 @default.
• W4378602141 hasConcept C2778348673 @default.
• W4378602141 hasConcept C2780821815 @default.
• W4378602141 hasConcept C34375142 @default.
• W4378602141 hasConcept C39389867 @default.
• W4378602141 hasConcept C43089589 @default.
• W4378602141 hasConcept C43617362 @default.
• W4378602141 hasConcept C64589626 @default.
• W4378602141 hasConcept C94625758 @default.
• W4378602141 hasConceptScore W4378602141C10138342 @default.
• W4378602141 hasConceptScore W4378602141C103144560 @default.
• W4378602141 hasConceptScore W4378602141C121955636 @default.
• W4378602141 hasConceptScore W4378602141C139719470 @default.
• W4378602141 hasConceptScore W4378602141C144133560 @default.
• W4378602141 hasConceptScore W4378602141C162324750 @default.
• W4378602141 hasConceptScore W4378602141C169549615 @default.
• W4378602141 hasConceptScore W4378602141C17744445 @default.
• W4378602141 hasConceptScore W4378602141C183582576 @default.
• W4378602141 hasConceptScore W4378602141C185592680 @default.
• W4378602141 hasConceptScore W4378602141C198531522 @default.
• W4378602141 hasConceptScore W4378602141C199539241 @default.
• W4378602141 hasConceptScore W4378602141C206757995 @default.
• W4378602141 hasConceptScore W4378602141C26584437 @default.
• W4378602141 hasConceptScore W4378602141C27548731 @default.
• W4378602141 hasConceptScore W4378602141C2778348673 @default.
• W4378602141 hasConceptScore W4378602141C2780821815 @default.
• W4378602141 hasConceptScore W4378602141C34375142 @default.
• W4378602141 hasConceptScore W4378602141C39389867 @default.
• W4378602141 hasConceptScore W4378602141C43089589 @default.
• W4378602141 hasConceptScore W4378602141C43617362 @default.
• W4378602141 hasConceptScore W4378602141C64589626 @default.
• W4378602141 hasConceptScore W4378602141C94625758 @default.
• W4378602141 hasLocation W43786021411 @default.
• W4378602141 hasOpenAccess W4378602141 @default.
• W4378602141 hasPrimaryLocation W43786021411 @default.
• W4378602141 hasRelatedWork W1508867777 @default.
• W4378602141 hasRelatedWork W2077435815 @default.
• W4378602141 hasRelatedWork W2382820383 @default.
• W4378602141 hasRelatedWork W3085031073 @default.
• W4378602141 hasRelatedWork W3095217794 @default.
• W4378602141 hasRelatedWork W3124557866 @default.
• W4378602141 hasRelatedWork W3177709452 @default.
• W4378602141 hasRelatedWork W4225733807 @default.
• W4378602141 hasRelatedWork W1896956134 @default.
• W4378602141 hasRelatedWork W2183231654 @default.
• W4378602141 isParatext "false" @default.
• W4378602141 isRetracted "false" @default.
• W4378602141 workType "article" @default.