From synchronicity to fragility: How corporate ESG performance reshapes systemic risk
Building on a framework in which firms are interconnected through fire-sale spillover mechanisms, we argue that strong ESG performance acts as a protective buffer for firms with weak financial performance against stock price declines. This reduces the dispersion of asset returns, thereby reducing cr...
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| Hlavní autoři: | , |
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| Médium: | Artigo |
| Jazyk: | Inglês |
| Vydáno: |
Elsevier
2026-03-01
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| Edice: | Borsa Istanbul Review |
| Témata: | |
| On-line přístup: | http://www.sciencedirect.com/science/article/pii/S2214845025002121 |
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