Scholarlink

<p>This paper presents a comprehensive review of the rapidly expanding literature on environmental, social, and governance (ESG) issues. In this survey, we highlight recent advances in both theoretical modeling and empirical analysis. We first review major theoretical ESG models. Following this, we survey empirical research in six key areas: (1) climate risk and insurance, (2) regulation and policy, (3) ESG in the asset management industry and SRI, (4) investment, consumption, and employment, (5) ESG disclosure and assurance, and (6) firm valuation: profitability, cost of capital, and asset pricing. While significant progress has been made in understanding the impact of ESG factors on firm behavior and market outcomes, we find important gaps remain and suggest future research directions.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

ESG research: a comprehensive and contemporary review

  • 期刊论文

  • 发表日期：

    2026年7月21日

查看全文
  • Cheng-few Lee,
  • Zhiru Lin,
  • Yiyuan Wang,
  • Chunchi Wu,
  • Wenhan Yang

摘要

This paper presents a comprehensive review of the rapidly expanding literature on environmental, social, and governance (ESG) issues. In this survey, we highlight recent advances in both theoretical modeling and empirical analysis. We first review major theoretical ESG models. Following this, we survey empirical research in six key areas: (1) climate risk and insurance, (2) regulation and policy, (3) ESG in the asset management industry and SRI, (4) investment, consumption, and employment, (5) ESG disclosure and assurance, and (6) firm valuation: profitability, cost of capital, and asset pricing. While significant progress has been made in understanding the impact of ESG factors on firm behavior and market outcomes, we find important gaps remain and suggest future research directions.