Sustainability and profitability: impact of sustainable uncertainty on European and American markets

Identifier:  TFG:10252

Handle: https://hdl.handle.net/20.500.11797/TFG10252

Authors:  Esteller Miró, Anna

Abstract:
This study analyzes whether ESG portfolios perform differently than conventional ones in Europe and the United States, particularly during periods of uncertainty. Based on the STOXX Europe 600, STOXX Europe 600 ESG, S&P 500, and S&P 500 ESG indices, the research examines returns, volatility, excess returns, and the Sharpe ratio. The results show that ESG portfolios do not always outperform, as their performance depends on the market and the nature of the uncertainty.