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F. L. de Carvalho

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Open access Oct 2026

ESG Integration and Risk‐Adjusted Portfolio Performance in an Emerging‐Market Institutional Context: Evidence From Brazil's Corporate Sustainability Index

This study examines how ESG integration is associated with portfolio performance in an emerging market. Unlike conventional ESG versus non‐ESG comparisons, it investigates heterogeneity among sustainable portfolios composed of firms listed in Brazil's Corporate Sustainability Index. Using 400,000 simulated portfolios...

F. L. de Carvalho, Igor Almeida da Silva, Paula de Camargo Fiorini · 0 citations

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