Socially responsible divestment

Abstract

socially responsible divestment finance working paper n° 823/2022 july 2023 alex edmans london business school, cepr and ecgi doron levit university of washington and ecgi jan schneemeier indiana university © alex edmans, doron levit and jan schneemeier 2023. all rights reserved. short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. this paper can be downloaded without charge from: ssrn.com/abstract_id=4093518 www.ecgi.global/content/working-papers ecgi working paper series in finance socially responsible divestment working paper n° 823/2022 july 2023 alex edmans doron levit jan schneemeier we thank andres almazan, ryan bubb, cecilia bustamante, davide cianciaruso, eduardo dávila, shaun davies, thomas geelen, tom gosling, oliver hart, jeong ho kim, abraham lioui, evgeny lyandres, andrey malenko, gior- gia piacentino, alejandro rivera, lin shen, tracy wang, ed van wesep, haotian xiang and sem- inar/conference participants at the accounting research workshop, afa, alberta, cfea, cicf, ecgi conference on corporate purpose, stakeholderism and esg, emory, financial reporting coun- cil, fma, hec-hkust sustainable finance seminar, indiana, luxembourg conference in sustain- able finance, mit asia conference in accounting, nber, nyu/penn conference on law and fi- nance, paris december finance meeting, rcfs winter conference, sfs cavalcade, un pri aca- demic network week, …

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