The Implications of Sustainability Issues on Portfolio Choice and Asset Pricing

Lilia Shchepteva

Diplomová práce

Anotace:

Sustainable investing is gaining on its importance since the awareness increase of its impact to the society and the environment. Sustainability incorporates the needs of today without limiting the ability to meet the needs of tomorrow. Press releases together with the company reports vastly impact stock prices and thus affect the investors’ preferences. The investors themselves also see the investing not only as the tool of maximizing profits, but in addition as an instrument to impact internal company polices and to create the difference to the world as a whole. Many had questioned the legitimacy of the social responsibility: incorporating sustainability aspect to investments decisions, despite bringing extra benefits, also results in unexpected costs. From this raised the dilemma, if the benefits of sustainable investment would outweigh its costs.

Abstract:

Sustainable investing is gaining on its importance since the awareness increase of its impact to the society and the environment. Sustainability incorporates the needs of today without limiting the ability to meet the needs of tomorrow. Press releases together with the company reports vastly impact stock prices and thus affect the investors’ preferences. The investors themselves also see the investing not only as the tool of maximizing profits, but in addition as an instrument to impact internal company polices and to create the difference to the world as a whole. Many had questioned the legitimacy of the social responsibility: incorporating sustainability aspect to investments decisions, despite bringing extra benefits, also results in unexpected costs. From this raised the dilemma, if the benefits of sustainable investment would outweigh its costs.

Klíčová slova

Portfolio Choice, Model Derivation, Asset Pricing

Keywords

Model Derivation, Portfolio Choice, Asset Pricing

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 20. 9. 2021

Obhajoba závěrečné práce

• Obhajoba proběhla 15. 9. 2021
• Vedoucí: Marcela Zárybnická Žárová
• Oponent: Leoš Vítek

Vysoká škola ekonomická v Praze

Magisterský studijní program:
Finance and Accounting