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| The Cost of ESG Investing Laura Anne Lindsey, Seth Pruitt, and Christoph Schiller, Via SSRN  Dec. 8, 2021 "Modifying optimal portfolio weights to achieve an ESG-investing tilt negligibly affects portfolio performance across a broad range of ESG measures and thresholds. This is because those ESG measures do not provide information about future stock performance, either in relation to risk or mispricing, beyond what is provided by other observable firm characteristics." |
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