| Issue |
E3S Web Conf.
Volume 291, 2021
IV International Scientific and Practical Conference “Sustainable Development and Green Growth on the Innovation Management Platform” (SDGG 2021)
|
|
|---|---|---|
| Article Number | 01002 | |
| Number of page(s) | 6 | |
| Section | Creation of Regional Infrastructure for Sustainable Development of Social Production | |
| DOI | https://doi.org/10.1051/e3sconf/202129101002 | |
| Published online | 19 July 2021 | |
The relationship between socially responsible investment and the market value of an enterprise
1 G.P. Luzin Institute for Econimic Studies of the Kola Science of the RAS, Apatity, Russia
2 Peter the Great Saint-Petersburg Polytechnic University, Polytechnicheskaia 29, St. Petersburg, Russia
3 Bonch-Bruevich Saint-Petersburg State University of Telecommunications, St. Petersburg, Russia
2 Peter the Great Saint-Petersburg Polytechnic University, Polytechnicheskaia 29, St. Petersburg, Russia
It is widely acknowledged, that the consequences of the coronavirus crisis have increased the impact of the concept of sustainable development on the world economy. Statistical indicators evidence this. Among other things, an obvious trend in global stock markets is the shift in the focus of institutional and individual investors from profit-oriented investment in favor of socially responsible one. Demand for all “green” products stock market is constantly growing, ahead of the proposal. This, in turn, leads to an increase in the market value of the company. It is evident that compliance with the ESG criteria creates value. The paper analyzes the influence of conscious consumption trends on the stock market. The presence of the relationship between ESG factors and the market value of the company has been substantiated. On the example of a portfolio of “green” bonds demonstrates the effect of “green halo.” The main scientific problems in the area under study and the direction of further research are formulated. The potential of deliberate investment to create additional value for Russian enterprises has been determined.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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