Quantitative ESG disclosure and divergence of ESG ratings [PDF]
Over the past decade, sustainable finance has been a topic of burgeoning significance for investors, and ESG ratings have become commonly used to implement ESG investment strategies in practice.
Min Liu
doaj +4 more sources
The Influence of ESG Ratings On Idiosyncratic Stock Risk: The Unrated, the Good, the Bad, and the Sinners [PDF]
This study analyzes whether stocks of companies with environmental social governance (ESG) rating show lower idiosyncratic risk. The main analysis covers 898,757 company-month observations of US stocks in the period from 1991 to 2018 and controls for ...
Matthias Horn
doaj +4 more sources
Green investors and ESG ratings divergence [PDF]
Green investors, as key participants in corporate governance, play a crucial role in addressing the ESG ratings divergence. This study investigates how green investors influence ESG ratings divergence using data from Chinese A-share listed firms from ...
Yiyun Ge, Ruixuan Zhang, Hanbin Zhu
doaj +4 more sources
Divergence and aggregation of ESG ratings: A survey [version 2; peer review: 2 approved, 1 approved with reservations] [PDF]
Purpose This paper reviews the existing literature on Environmental, Social, and Governance (ESG) ratings divergence and aggregation methods. It highlights the challenges posed by inconsistent ESG ratings and their implications for investment decisions ...
Alessandra Tanda, Arianna Agosto
doaj +7 more sources
ESG rating divergence and stock price crash risk
ESG has emerged as a key non-financial indicator, drawing significant investor focus. Disparities in ESG ratings may skew investor perceptions, potentially endangering stock values and financial market stability.
Xusheng Fang, Zhonghua Shen
exaly +4 more sources
Divergence of ESG Ratings: Foreign Regulatory Trends [PDF]
Studies show that correlations of ESG ratings provided by various rating agencies are fairly weak. The challenge related to disparities in ESG ratings often referred to as “divergence” of ESG ratings is widely discussed in academic and professional ...
Hasmik V. Khachatryan
doaj +2 more sources
Aggregate Confusion: The Divergence of ESG Ratings [PDF]
Abstract This paper investigates the divergence of environmental, social, and governance (ESG) ratings based on data from six prominent ESG rating agencies: Kinder, Lydenberg, and Domini (KLD), Sustainalytics, Moody’s ESG (Vigeo-Eiris), S&P Global (RobecoSAM), Refinitiv (Asset4), and MSCI.
Berger, Florian +2 more
openaire +4 more sources
THE DIVERGENCE OF ESG RATINGS: AN ANALYSIS OF ITALIAN LISTED COMPANIES
The increasing attention to sustainability issues in finance has brought a proliferation of environmental, social, and governance (ESG) metrics and rating providers that results in divergences among the ESG ratings.
VINCENZO CAPIZZI +3 more
doaj +4 more sources
The short board effect of ESG rating and corporate green innovation activities. [PDF]
This article aims to investigate whether differences in ESG ratings have an impact on corporate green innovation behavior. A high-order fixed effects model was established using panel data from Chinese companies from 2009 to 2022 to empirically test the ...
Fuxian Zhu, Xiaoli Xu, Jiachang Sun
doaj +2 more sources
Breaking the ESG rating divergence: An open geospatial framework for environmental scores [PDF]
Information about a company's environmental, social and governance (ESG) performance has become increasingly important in the decision-making process of financial institutions. The financial implications of environmental challenges (e.g. water stress), negative social impacts (e.g. health impacts in local communities) or poor corporate governance (e.g.
Cristian Rossi +2 more
openaire +4 more sources

