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An Analysis on the impact of environmental screening on risk and return on the ISEQ 20

Corcoran, Ciaran (2021) An Analysis on the impact of environmental screening on risk and return on the ISEQ 20. Masters thesis, Dublin, National College of Ireland.

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Abstract

Environmental, Social, and Governance (ESG) based investing is a rapidly growing industry. In recent years it has come to the forefront of discussion due to growing demand from investors and increased regulatory requirements on companies to disclose their contribution to ESG practices. There have been numerous studies conducted on the impact of using ESG as a means for investing. The aim of this paper adding to the existing body of research through conducting similar analysis on Irish markets. As will be shown in the literature review, other research compares indices to their corresponding ESG-screened index. Given that there is no ESG screened ISEQ 20 index, this paper will construct two sets of Environmental screened portfolios to increasingly stringent levels of acceptance. The first set of portfolios use Modern Portfolio Theory to find the Global Minimum Variance portfolio and the efficient frontier. The second set of portfolios are constructed to have an equal allocation into all assets.

Item Type: Thesis (Masters)
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences > Environment
H Social Sciences > HG Finance > Investment
H Social Sciences > HG Finance > Investment > Stock Exchange > Irish Stock Exchange
Divisions: School of Business > Master of Science in Finance
Depositing User: Clara Chan
Date Deposited: 25 Feb 2022 14:15
Last Modified: 25 Feb 2022 14:29
URI: https://norma.ncirl.ie/id/eprint/5487

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