Suchergebnisse

"Civil War Spillover" published on by Oxford University Press.

Abstract
This study investigates the spillover effects of ESG scores from companies operating in the same industry and their impact on stock return volatility. For this purpose, I considered a sample of European listed companies from 2019 to 2022. The results provide evidence of a spillover effect of ESG scores on the ESG ratings of other companies belonging to the same industry. Furthermore, I observed direct spillover effects of the individual Environmental, Social and Governance pillars, with similar magnitudes. I also found that stock return volatility is directly related to ESG scores, including spillover effects.

This article introduces the concepts of contested knowledge and spillover to aid in understanding the relation between the controversy over evolution and related ideas and uncontested science knowledge. Contested knowledge exists wherever truth claims from multiple spheres of knowledge authority overlap, large or small. Spillover is a process of (1) a rejection of the authority of knowledge elites from an opposed knowledge sphere, and (2) devaluation of the set of heuristics for evidence tied to specific knowledges (contested and uncontested), a process that has wide-reaching implications. Using four waves of data from the General Social Survey (GSS; 2006–2012), I find evidence that conservative Protestant affiliation is associated with reduced knowledge of the physical and life sciences. This bivariate association is fully mediated, primarily through the rejection of mainstream scientific accounts of evolution. Findings also suggest that conservative Protestant affiliation increases the likelihood of that rejection. I argue that positions within this contested knowledge area spill over to other, uncontested forms of scientific knowledge. Results are validated using the 2014 wave of the GSS.