Examining the Impact of Divestment from Fossil Fuels on University Endowments

CJ Ryan, Christopher Marsicano

2021 | Academic | Divestment, Risk & Performance

Results from our difference-in-differences analyses of the effect of full and partial divestment suggest that either form of divestment does not yield discernible consequences--either positive or negative--for endowment values, at statistically significant levels.