ESG Impact on High-Yield Returns
Martin Fridson, Lu Jiang, Zhiyuan Mei and Daniel Navaei
The Journal of Fixed Income Spring 2021, 30 (4) 53-63; DOI: https://doi.org/10.3905/jfi.2021.1.108
Martin Fridson
is the chief investment officer of Lehmann Livian Fridson Advisors LLC in New York, NY
Lu Jiang
is a master in quantitative finance candidate at Fordham University in New York, NY
Zhiyuan Mei
is a master in quantitative finance candidate at Fordham University in New York, NY
Daniel Navaei
is an intern at Livian & Co. in New York, NY
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The Journal of Fixed Income
Vol. 30, Issue 4
Spring 2021
ESG Impact on High-Yield Returns
Martin Fridson, Lu Jiang, Zhiyuan Mei, Daniel Navaei
The Journal of Fixed Income Mar 2021, 30 (4) 53-63; DOI: 10.3905/jfi.2021.1.108
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- Article
- Abstract
- HIGH-YIELD INDEX DESCRIPTIONS
- COMPOSITION OF ESG-BASED HIGH-YIELD INDEXES
- COMPARING CONVENTIONAL AND ESG HIGH-YIELD INDEX RETURNS
- SOURCES OF SUPERIOR DOWNSIDE PROTECTION
- TESTING FOR THE CONTRIBUTION OF ESG FACTORS TO SUPERIOR DOWNSIDE PROTECTION
- RESULTS OF CONFOUNDING FACTORS ANALYSIS
- ESG-QUALIFIED ENERGY ISSUES’ MARCH 2020 PERFORMANCE
- CONCLUSION
- ENDNOTES
- REFERENCES
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