Using a new dataset of environmental, social and corporate governance (ESG) company
ratings and state-of-the-art statistical methodology, this article analyses the performance of …

This paper provides an empirical investigation of the effect of the European Union's
Emissions Trading Scheme on German stock returns. We find that, during the first few years …

We show that search volume on Google not only serves as an intuitive proxy for overall firm
recognition, but also captures the attention of stock market investors. Our results suggest that …

Using a new dataset of environmental, social, and corporate governance company ratings
for the European market, this article examines whether socially responsible stock selection …

This paper develops a broad-based sentiment indicator for Germany and investigates
whether investor sentiment can explain stock returns on the German stock market. Based on …

Abstract We implement the Fama-French five-factor model and enhance it with a momentum
factor for the German market using recent monthly data from 2002 to 2019. We construct the …

Stocks of German renewable energy companies have commonly been regarded as lucrative
investment opportunities. Their innovative line of business initially seemed to promise …

Demand is growing for a better understanding of how assets are priced in countries outside
of the US While financial data are available for many firms world-wide, it is important to have …

We examine the long-term performance of German acquiring firms for M&A transactions that
took place between 1981 and 2010. Over this period, the German corporate governance …

A convenient way to apply Fama–French factor models in empirical research is to use factor
returns downloaded from databases like Kenneth French's data library. These factors are …