Un Espacio Para la Ciencia
Published November 30, 2022 | Version v1
Book chapter Open

Estado del arte en inversión ESG: De la inversión tradicional a la inversión ESG

Creators

  • 1. Universidad Mariano Gálvez de Guatemala
  • 2. Universidad Nacional Autónoma de México

Contributors

  • 1. Manglar Editores

Description

Resumen

Las empresas participan en actividades ESG para lograr mayores rendimientos financieros y señalar el cumplimiento en el mercado. El vínculo entre ESG y rendimiento de la acción bursátil de la empresa aún no está bien establecido porque la literatura está llena de resultados contradictorios y paradojas. Este estudio se realiza con el objetivo de presentar las contribuciones teóricas y empíricas que tienen por objeto de estudio evaluar el rendimiento ajustado al riesgo de la inversión ESG, para ello se consideran investigaciones a nivel global, las cuales son recuperadas en las principales bases de datos. Los resultados indican que las investigaciones en su mayoría son aplicadas para mercados financieros desarrollados, son escasas las investigaciones en los mercados emergentes. El tema del rendimiento de la inversión ESG al ser comparada con la inversión convencional presenta resultados heterogéneos, hay quienes indican que la inversión ESG paga una prima, hay otros que encuentran que la inversión ESG presenta mayores rendimientos que la inversión convencional y finalmente hay un grupo que indica que la inversión ESG al ser comparada con la convencional tienen el mismo rendimiento. 

Abstract

Companies engage in ESG activities to achieve higher financial returns and signal compliance in the marketplace. The link between ESG and company stock performance is not yet well established because the literature is full of contradictory results and paradoxes. This study is carried out with the objective of presenting the theoretical and empirical contributions whose object of study is to evaluate the risk-adjusted performance of ESG investment, for which global research is considered, which is retrieved in the main databases. The results indicate that most of the research is carried out for developed financial markets, while research in emerging markets is scarce. The issue of ESG investment performance when compared to conventional investment presents heterogeneous results, there are those who indicate that ESG investment pays a premium, there are others who find that ESG investment presents higher returns than conventional investment and finally there is a group which indicates that the ESG investment, when compared to the conventional one, has the same performance.

Notes

Ponencia presentada en el Primer Congreso Internacional Multidisciplinario "Ciencia, Tecnología e Innovación: Una mirada multidisciplinaria a los desafíos globales de la Agenda 2030", del 13 al 15 de octubre de 2022.

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Related works

Is cited by
Book chapter: 10.5281/zenodo.7411377 (DOI)
Book: 978-9978-11-059-1 (ISBN)

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