Remove Beta Remove Equity Remove Excess Earnings Method
article thumbnail

ESG Valuation Considerations – Top Down or Bottom Up?

Value Scope

This work can be used to reconcile and support an adjustment to the CAPM, then the WACC, via Alpha and Beta. ESG in Equity Analysis and Credit Analysis” was published in 2018 by the PRI, the Principles of Responsible Investment arm of the UN, and the CFA Institute. Adjustments to Beta can accomplish this.

article thumbnail

ESG A Valuation Framework

Value Scope

ESG in Equity Analysis and Credit” analysis was published in 2018 by the PRI, the Principles of Responsible Investment arm of the UN, and the CFA Institute. 13 Less than a year ago “Foundations of ESG Investing: How ESG Affect Equity Valuation, Risk, and Performance” was published in the Journal of Portfolio Management.