Abstract: AbstractThis paper examines whether environmental and social (ES) activities affect the resiliency of firms during the COVID‐19 crisis. We study a sample of 330 firms operating in five developed countries: Canada, France, Japan, the UK and the US. Our analysis shows that US firms with a high ES ranking experienced a significantly lower stock price range volatility during the Covid stock market rundown of February‐March 2020. Such findings also hold for Japanese firms but only later on after the introduction of government support. In terms o...
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Topics: 
Monetary economics
Demographic economics