There are diverging results in the literature on whether engaging in ESG related activities increases or decreases the financial and systemic risks of firms. In this paper we explore whether maintaining higher ESG ratings would reduce the systemic risks of firms in a stock market context. For this purpose we analyse the systemic risk indicators […]
In this paper, we analyse the dynamic partial correlation network of the constituent stocks of S&P Europe 350. We focus on global parameters such as radius, which is rarely used in financial networks literature, and also the diameter and distance parameters. The first two parameters are useful for deducing the force that economic instability should […]
