The authors find that the valuations of venture-backed startups in which investment funds invest are driven more by the valuations of their peers than by their fundamentals, such as operating performance.
Paper by Björn Imbierowicz and Christian Rauch (June 12, 2024).
The World Intangible Investment Highlights, co-published annually by the World Intellectual Property Organization (WIPO) in partnership with the Luiss Business School (LBS).
Kroll’s ESG and Global Investor Returns Study (“ESG Returns Study”) analyses the relationship between a company’s total stock returns (dividends plus capital appreciation) and its MSCI environmental, social and governance (ESG) ratings over the 2013−2021 period.