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.

Authors

Publication Details

Journal
Practical Applications
Published
2026-04-01
DOI
https://doi.org/10.3905/snp.2026.joi.004
Primary Topic
Sustainable Finance and Green Bonds
Type
article
Field-Weighted Citation Impact
0.00
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article

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

Derived from original PMR research written by Serkan Akbay and Alexander Maximilian Röser using AI and an editor
Practical Applications
Sustainable Finance and Green Bonds
article

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

Derived from original PMR research written by Serkan Akbay and Alexander Maximilian Röser using AI and an editor
article en

Abstract

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.

Practical Applications
Decent work and economic growth
Openalex Percentile: Top 6%
Sustainable Finance and Green Bonds
DOISourceOpenAlex
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Snapshots of The Impact of ESG Scores on Company Value and Market Capitalization Volatility: An Empirical Analysis — Derived from original PMR research written by Serkan Akbay and Alexander Maximilian Röser using AI and an editor · Practical Applications (2026) | TGRS Research Map | TGRS