Journal
FRONTIERS IN PUBLIC HEALTH
Volume 9, Issue -, Pages -Publisher
FRONTIERS MEDIA SA
DOI: 10.3389/fpubh.2021.661482
Keywords
pandemics uncertainty; COVID-19 pandemic; COVID-19 uncertainty; socially responsible investments; panel data estimators
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Funding
- Chinese National Social Science Fund [19BGL116]
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This study finds a positive relationship between global pandemic uncertainty and socially responsible investments, indicating that the higher the level of pandemic uncertainty, the greater the socially responsible investments.
This paper examines the effects of pandemic uncertainty on socially responsible investments. We use the overall corporate sustainability performance index in the Global-100 Most Sustainable Corporations in the World dataset to measure socially responsible investments. The global pandemic uncertainty is also measured by the World Pandemic Uncertainty Index. We focus on the panel dataset from 2012 to 2020, and the results show that the World Pandemic Uncertainty Index is positively related to socially responsible investments. The main findings remain significant when we utilize various panel estimation techniques.
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