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

Richard Gregory

doi:10.2139/ssrn.3920345

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

Richard Gregory

Department of Economics and Finance

Research output: Contribution to journal › Article

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.

Original language	American English
Pages (from-to)	1-27
Number of pages	27
Journal	Social Science Research Network (SSRN) Blog
DOIs	https://doi.org/10.2139/ssrn.3920345
State	Published - Sep 10 2021

Keywords

market efficiency
coronavirus
event study
policy response
crisis
stock market

Access to Document

10.2139/ssrn.3920345

Cite this

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