Results 221 to 230 of about 702,692 (301)

ESG Rating Competition and Rating Quality

SSRN Electronic Journal
ABSTRACT This paper examines how increased competition among environmental, social, and governance (ESG) rating agencies relates to ESG rating quality. We exploit the entry of Sustainalytics as a new ESG rating agency in 2010. We conduct a difference‐in‐differences analysis and provide three main findings.
CAI CHEN, SVENJA DUBE, SHIRAN FROYMOVICH
openaire   +2 more sources

ESG Ratings

2023
This Research Spotlight provides a summary of the academic literature on environmental, social, and governance (ESG) ratings, including: The influence of ESG ratings on mutual fund flows, the correlation of ESG ratings across providers, methodological issues with ESG ratings, and the relations between ESG ratings, performance, and risk.
Larcker, David F., Tayan, Brian
openaire   +1 more source

The impact of ESG rating divergence on stock price crash risk

International Review of Financial Analysis
Guanglin Sun
exaly   +2 more sources

ESG, ESG rating divergence and earnings management: Evidence from China

Corporate Social Responsibility and Environmental Management
The existing studies on the relationship between ESG and earnings management provide mixed evidence and ignore ESG rating divergence. Using a sample of Chinese listed firms from 2009 to 2021, we examine the effect of ESG performance on earnings ...
Siyang Wang, Yu-En Lin
exaly   +2 more sources

ESG rating uncertainty and corporate financial misconduct

Journal of Business Research
Xiaodong Lei
exaly   +2 more sources

ESG Rating Disagreement and Stock Returns

Financial Analysts Journal, 2021
Using environmental, social, and governance (ESG) ratings from seven different data providers for a sample of firms in the S&P 500 Index between 2010 and 2017, we studied the relationship between ESG rating disagreement and stock returns. We found that stock returns are positively related to ESG rating disagreement, suggesting a risk premium for ...
Rajna Gibson Brandon, Philipp Krueger, Peter Steffen Schmidt   +2 more
openaire   +1 more source

ESG Rating Divergence: Existence, Driving Factors, and Impact Effects

Sustainability
In recent years, corporate ESG performance has been widely incorporated into investment decisions and capital allocation considerations, becoming a focal point and hot topic for research by governments and organizations worldwide. However, due to various
Yong Shi, Tongsheng Yao
semanticscholar   +1 more source

Optimal ESG Portfolios: Which ESG Ratings to Use?

SSRN Electronic Journal, 2021
The idea behind the optimal ESG portfolio (OESGP) is to expand the mean variance theory by adding the portfolio ESG value (PESGV) multiplied by the ESG strength parameter γ (which is investor’s choice) to the minimizing objective function (Pederson et al., 2019; Schmidt, 2020).
Anatoly Schmidt, Xu Zhang
openaire   +1 more source

Capital market liberalization and corporate ESG rating divergence: a quasi-natural experiment based on the trading system of SSHC

Applied Economics
Utilizing the Shanghai-Shenzhen-Hong Kong Stock Connect trading system as a quasi-natural experiment, we examine the impact of capital market liberalization on corporate ESG rating divergence and its underlying mechanisms through a staggered difference ...
Han Yan, Xunhao Yao, Yuming Li, Zhenxing Xiong   +3 more
semanticscholar   +1 more source

ESG Rating Uncertainty and the Cost of Debt Financing

International Journal of Finance & Economics
Using A‐share listed companies in 2011–2022 as a research sample, this study manually calculates and constructs Environment, Social and Government (ESG) rating uncertainty at the level of Chinese listed companies and examines whether and how ESG rating ...
Jinyu Chen, Xinyu Guo, Ran Liu
semanticscholar   +1 more source