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Journal of Sustainable Finance & Investment Volume 6, 2016 - Issue 2
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Integrating ESG into valuation models and investment decisions: the value-driver adjustment approach

Willem SchramadeRobeco Asset Management, Rotterdam, The NetherlandsCorrespondence[email protected]
Pages 95-111 | Received 23 Oct 2015, Accepted 17 Mar 2016, Published online: 08 May 2016

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Ahmed Kouki. (2023) Does gender diversity moderate the link between CEO dominance and CSR engagement? A two-step system GMM analysis of UK FTSE 100 companies. Journal of Sustainable Finance & Investment 13:4, pages 1644-1669.
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Frederick J. Long & Syren Johnstone. (2023) Applying ‘Deep ESG’ to Asian private equity. Journal of Sustainable Finance & Investment 13:2, pages 943-961.
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Costanza Consolandi, Robert G. Eccles & Giampaolo Gabbi. (2022) How material is a material issue? Stock returns and the financial relevance and financial intensity of ESG materiality. Journal of Sustainable Finance & Investment 12:4, pages 1045-1068.
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Babajide Michael Oyewo. (2021) Outcomes of interaction between organizational characteristics and management accounting practice on corporate sustainability: the global management accounting principles (GMAP) approach. Journal of Sustainable Finance & Investment 11:4, pages 351-385.
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Kai Yan, Zhiwu Chen, Jingang Wang, Peipei Wang & Weiming Liang. (2023) The power from folk monitoring: Leading Officials’ Natural Resources Accountability Audit (NRAA) and corporate ESG performance. Finance Research Letters 58, pages 104575.
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M. V. Chernyshova & I. M. Shogenova. (2023) Approaches to making investment decisions based on ESG factors. Siberian Financial School:2, pages 15-23.
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Kara Nel, Nadia Mans-Kemp & Pierre D. Erasmus. (2023) Sustainable Thematic Investing: Identifying Opportunities Based on an Analysis of Stewardship Reports. Sustainability 15:10, pages 8411.
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Min Liu, Tongji Guo, Weiying Ping & Liangqing Luo. (2023) Sustainability and stability: Will ESG investment reduce the return and volatility spillover effects across the Chinese financial market?. Energy Economics 121, pages 106674.
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Markus Koenigsmarck & Martin Geissdoerfer. (2023) Shifting the Focus to Measurement: A Review of Socially Responsible Investing and Sustainability Indicators. Sustainability 15:2, pages 984.
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Basit Ali Bhat, Manpreet Kaur Makkar & Nitin Gupta. (2023) Corporate board structure and ESG performance: An empirical study of listed firms in the emerging market. Corporate Governance and Sustainability Review 7:2, pages 8-17.
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Sonam Singh, Ashwin V. Malshe, Yakov Bart & Serguei Netessine. (2023) When Non-Materiality is Material: Impact of ESG Emphasis on Firm Value. SSRN Electronic Journal.
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Shuangyan Li, Muhammad Waleed Younas, Rana Muhammad Ammar Zahid & Umer Sahil Maqsood. (2023) Driving sustainable Development: The impact of Artificial Intelligence on Environmental, Social, and Governance (ESG) Performance. SSRN Electronic Journal.
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Joanna Koczar, Dmitry Zakhmatov & Venera Vagizova. (2023) Tools for considering ESG factors in business valuation. Procedia Computer Science 225, pages 4245-4253.
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Enrica Bolognesi & Alberto Burchi. (2022) The impact of the ESG disclosure on sell-side analysts’ target prices: The new era post Paris agreements. Research in International Business and Finance, pages 101827.
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Francis Marais, Cornelis T. van der Lugt & Nadia Mans-Kemp. (2022) Mainstreaming environmental, social and governance integration in investment practices in South Africa: A proposed framework. Journal of Economic and Financial Sciences 15:1.
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Therese Rudebeck. (2022) Framing water as a financial risk: Reviewing the processes shaping a narrative. WIREs Water 9:4.
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Alaa Aldowaish, Jiro Kokuryo, Othman Almazyad & Hoe Chin Goi. (2022) Environmental, Social, and Governance Integration into the Business Model: Literature Review and Research Agenda. Sustainability 14:5, pages 2959.
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Radu-Alexandru Șerban, Diana Marieta Mihaiu & Mihai Țichindelean. (2022) Environment, Social, and Governance Score and Value Added Impacts on Market Capitalization: A Sectoral-Based Approach. Sustainability 14:4, pages 2069.
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Satish Kumar, Dipasha Sharma, Sandeep Rao, Weng Marc Lim & Sachin Kumar Mangla. (2022) Past, present, and future of sustainable finance: insights from big data analytics through machine learning of scholarly research. Annals of Operations Research.
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Anelise Krauspenhar Pinto Figari, Gilmarques Agapito Costa, Henrique Portulhak & Sayuri Unoki de Azevedo. (2022) Value Drivers: Scientific Knowledge Advances and Research Avenues. BAR - Brazilian Administration Review 19:4.
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M F F Lubis & R Rokhim. (2021) The Effect of Environmental, Social, and Governance (ESG) Disclosure and Competitive Advantage on Companies Performance as An Implementation of Sustainable Economic Growth in Indonesia for Period of 2015-2019. IOP Conference Series: Earth and Environmental Science 940:1, pages 012059.
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Matthew D. Worthington-Smith & Stephanie Giamporcaro. 2021. Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises. Handbook of Research on Global Aspects of Sustainable Finance in Times of Crises 217 240 .
Ol'ga V. Efimova. (2021) Factors of sustainable development to be considered in the financial modelling of investment projects. Vestnik Voronezhskogo gosudarstvennogo universiteta. Ser.: Ekonomika i upravlenie = Proceedings of Voronezh State University. Series: Economics and Management:2, pages 99-111.
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Wan Masliza Wan Mohammad & Shaista Wasiuzzaman. (2021) Environmental, Social and Governance (ESG) disclosure, competitive advantage and performance of firms in Malaysia. Cleaner Environmental Systems 2, pages 100015.
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Simone Quatrini. (2021) Challenges and opportunities to scale up sustainable finance after the COVID-19 crisis: Lessons and promising innovations from science and practice. Ecosystem Services 48, pages 101240.
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Evangelos Markopoulos, Alexandra Staggl, Emma Luisa Gann & Hannu Vanharanta. 2021. Advances in Creativity, Innovation, Entrepreneurship and Communication of Design. Advances in Creativity, Innovation, Entrepreneurship and Communication of Design 94 103 .
Silvia Cosimato, Nicola Cucari & Giovanni Landi. 2021. Contemporary Issues in Sustainable Finance. Contemporary Issues in Sustainable Finance 135 166 .
Nicolas Chevrollier, Jianhong Zhang, Thijs van Leeuwen & André Nijhof. (2020) The predictive value of strategic orientation for ESG performance over time. Corporate Governance: The International Journal of Business in Society 20:1, pages 123-142.
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Gunnar Friede. (2019) Why don't we see more action? A metasynthesis of the investor impediments to integrate environmental, social, and governance factors. Business Strategy and the Environment 28:6, pages 1260-1282.
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Linne Marie Lauesen. (2019) Sustainable investment evaluation by means of life cycle assessment. Social Responsibility Journal 15:3, pages 347-364.
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Andre Nijhof, Jaap Schaveling & Nicolette Zalesky. (2019) Business, society, and the need for stewardship orientation. Journal of Organizational Change Management 32:1, pages 145-163.
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Frederick J. Long & Syren Johnstone. (2020) 'Deep ESG': A Holistic Validation Methodology for Asian Private Equity. SSRN Electronic Journal.
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