{"id":13190,"date":"2020-06-02T11:28:32","date_gmt":"2020-06-02T10:28:32","guid":{"rendered":"https:\/\/www.covalence.ch\/?p=13190"},"modified":"2020-06-03T11:54:17","modified_gmt":"2020-06-03T10:54:17","slug":"ahead-of-the-curve-media-markets-and-investing-in-a-better-world","status":"publish","type":"post","link":"https:\/\/www.covalence.ch\/index.php\/2020\/06\/02\/ahead-of-the-curve-media-markets-and-investing-in-a-better-world\/","title":{"rendered":"Ahead of the curve: Media, markets and investing in a better world"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.ipe.com\/ahead-of-the-curve-media-markets-and-investing-in-a-better-world\/10045793.article\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-13193 size-full\" src=\"https:\/\/www.covalence.ch\/wp-content\/uploads\/2020\/06\/esgnews-1.png\" alt=\"\" width=\"200\" height=\"130\" srcset=\"https:\/\/www.covalence.ch\/wp-content\/uploads\/2020\/06\/esgnews-1.png 200w, https:\/\/www.covalence.ch\/wp-content\/uploads\/2020\/06\/esgnews-1-150x98.png 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a>Through our analysis of the impact of media coverage, we not only demonstrate that news can lower or raise financing costs; the results also suggest that positive ESG-related company announcements further increase this effect. (&#8230;) In terms of CDS spreads, the interaction between the media and the markets shows that: Positive (negative) corporate news reports appear to result in a decrease (increase) in CDS spreads. This effect is even more pronounced for positive news items relating exclusively to ESG. This is particularly noteworthy, given that these are monthly data. <a href=\"https:\/\/www.ipe.com\/ahead-of-the-curve-media-markets-and-investing-in-a-better-world\/10045793.article\" target=\"_blank\" rel=\"noopener noreferrer\">More&#8230;<\/a><\/p>\n<p>Hans-J\u00f6rg Naumer, director global capital markets and thematic research at AllianzGI, and\u00a0B. Burcin Yurtoglu, chair of corporate finance at WHU Otto Beisheim School of Management<\/p>\n<p>Source: <a href=\"https:\/\/www.ipe.com\/ahead-of-the-curve-media-markets-and-investing-in-a-better-world\/10045793.article\" target=\"_blank\" rel=\"noopener noreferrer\">IPE magazine<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Through our analysis of the impact of media coverage, we not only demonstrate that news can lower or raise financing costs; the results also suggest that positive ESG-related company announcements further increase this effect. (...) In terms of CDS spreads, the interaction between the media and the markets shows that: Positive (negative) corporate news reports&hellip;","protected":false},"author":665,"featured_media":13193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"wds_primary_category":0,"wds_primary_post_series":0,"footnotes":""},"categories":[2],"tags":[],"post_series":[],"class_list":["post-13190","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/13190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/users\/665"}],"replies":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/comments?post=13190"}],"version-history":[{"count":2,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/13190\/revisions"}],"predecessor-version":[{"id":13195,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/posts\/13190\/revisions\/13195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media\/13193"}],"wp:attachment":[{"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/media?parent=13190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/categories?post=13190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/tags?post=13190"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.covalence.ch\/index.php\/wp-json\/wp\/v2\/post_series?post=13190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}