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Naphat Kriengprasert

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The role of valuation multiples in transmitting ESG changes to stock returns

In this study, the main objective is to discuss the role of valuation multiples (P/E, P/B, and EV/EBITDA) in transmitting Environmental, Social, and Governance (ESG) score changes to stock returns in the U.S. equity market. The major question is whether investors who do not monitor ESG scores directly nonetheless recei...

Naphat Kriengprasert · 0 citations

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