Dan Garrett, an assistant professor of finance at The Wharton School, speaks with ESG Clarity about findings from his recent paper Gas, guns and governments: Financial costs of anti-ESG policies, co-authored with Ivan Ivanov.
A relatively new law in Texas that limits the state from doing business with financial services companies that have ESG policies has had a surprising effect on the muni bond market. Measures in other states could lead to similar issues.
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