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纵火蛙 · 2024年01月27日

AC

NO.PZ2022120701000008

问题如下:

Which of the following statements is most accurate? The majority of studies suggest that:

选项:

A.good ESG standards increase the cost of capital for a company.

B.ESG performance and investment fund performance are positively correlated.

C.ESG performance and corporate financial performance are positively correlated.

解释:

Most studies suggest that there is a positive correlation between ESG performance and corporate financial performance

我记得学过的知识说,ESG 的参与 和企业的performance之间的relation 还没有被验证。 所

以,题目里,用的是majority的认知,但并没有说 这个认知是对的是么?(关于C )

同时,关于A ,我看有老师在其他的回答里说,ESG 会增加短期成本,但有利于长期,那其实A 也可以选咯?


1 个答案

王岑 · 2024年01月28日

嗨,爱思考的PZer你好:


在我们的教材中有个结论:ESG绩效和公司财务绩效之间存在正相关关系,然而,这种相关性并不适用于基金绩效。B选项是不正确的,这是因为,ESG基金的表现取决于多种因素,包括基金管理、市场条件和选股策略等,ESG表现只是其中之一,不能一概而论地说它们之间存在正相关关系。

A选项说的是“良好的ESG标准增加了公司的资本成本”,这个说法是不正确的,因为好的ESG表现是可以降低公司的资本成本的。因为越来越多的投资者(包括机构投资者和个人投资者)倾向于投资于那些在ESG方面表现良好的公司。这种趋势意味着这些公司可以更容易地吸引资本,从而在融资时享受更低的成本。良好的ESG表现被视为公司负责任和可持续经营的指标,这在投资者中具有吸引力。

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