Snapshots of The Impact of ESG Scores on Company Value and Market Capitalization Volatility: An Empirical Analysis

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot is based on an article about how ESG scores relate to company value and volatility in the German stock market. Using DAX 40 data from 2022 to 2024, it finds ESG’s positive valuation effect weakens under fixed effects, while higher ESG scores are linked to slightly higher volatility.