The Response of the S&P 1500 during the COVID-19 Pandemic and ESG Scores

27 Pages Posted: 10 Sep 2021

Date Written: September 9, 2021

Abstract

Examining the S&P 1500 stocks, the responses of the stocks to fiscal and monetary policy are found to differ due to E, S and G scores by the type of legislation. Non-Financial firms that manage environmental and governance risks better performed better over the pandemic Part of this was due to their high environmental and governance scores allowing them to hedge the negative effects of the announcements of fiscal policies during the pandemic.

Keywords: Market efficiency, Coronavirus, Event study, Policy response, Crisis, Stock market

JEL Classification: G14, G18, E50, E52, E62

Suggested Citation

Gregory, Richard Paul, The Response of the S&P 1500 during the COVID-19 Pandemic and ESG Scores (September 9, 2021). Available at SSRN: https://ssrn.com/abstract=3920345 or http://dx.doi.org/10.2139/ssrn.3920345

Richard Paul Gregory (Contact Author)

East Tennessee State University ( email )

Department of Economics and Finance
Johnson City, TN 37614
United States

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