ESG and Shareholder Value

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ESG and Shareholder Value

Professor Aaron Yoon discuss ESG, stock price, shareholder value, and his career in academia.

Thursday 2 March 2023

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Podcast Description

In this episode of the QuantSpeak podcast, Dan Tudball is joined by Professor Aaron Yoon of the Kellogg School of Management, Northwestern University. Aaron discusses how he first became interested in the ESG space, his philosophy on stock price and shareholder value, and why he decided to choose a career in academia.

Topics & Timestamps

[00:00 - 01:25 ] Introductions, Guest Bio, ESG Talk Preview

[01:25 - 03:15] Early Interest in ESG, Academic and Practitioner Background

[03:15 - 05:05] Motivation for ESG Focus, Stock Price and Shareholder Value Philosophy

[05:05 - 07:06] ESG as Investment Activity, Accounting for ESG, Quantitative Signals

[07:06 - 10:28] Robustness of ESG Models, Data Challenges, Opportunity for Quants

[10:28 - 12:41] ESG Ratings Evolution, Hype Versus Value, Market Volatility and ESG

[12:41 - 15:57] Shareholder Value Focus, Greenwashing, Regulation, Stakeholder Versus Shareholder Debate

[15:57 - 21:25] ESG, Firm Type, Employee Satisfaction, Measurement Challenges, Culture and Long-Term Orientation

[21:25 - 25:04] Market Versus Social Phenomenon, Investment Activity, Mispricing and Arbitrage

[25:04 - 29:54] Data Correlation, Indexing, Opportunity for Active Management, Takeaways for Quants

[29:54 - 33:48] Career Path, Move to Academia, Impact of Finance and Capitalism

[33:48 - 35:09] Closing Remarks.

Disclaimer

Podcasts are for informational purposes only and provided “as is” without any representation or warranty from Fitch Learning of any kind. Comments or statements expressed by speakers may not be those of the Fitch Learning. Fitch Learning is not providing advice or recommendations. Fitch Learning, its directors, officers, or employees do not accept any liability for any loss arising from the use of information.