ESG uncertainty refers to the discrepancies in ratings by multiple third-party ESG rating agencies, challenging investors in assessing a company’s true ESG status. This study integrates ESG rating data from six major Chinese agencies to construct an ESG
“Event of Default” has the meaning specified in Section 8.01. “Excluded Swap Obligations” means,with respect totheanyGuarantor Party, any Swap Obligation if, and to the extent that, all ora portionof theGuaranty ofthesuch Guarantor Party of, orthe grantby thesuch Guarantor Party of a ...
we develop a bespoke methodology for assessing current policy and management system resilience, encompassing a Supply Chain Engagement score and a Human Rights Framework score as part of an overall MS Resilience Score. While the eventual MS reporting will likely see a sharp increase in disclosure, ...
Kim and Yoon (2021) find that a composite ESG score obtained from three vendors (TruValue Labs, MSCI, and Sustainalytics) does not improve for firms in the funds that sign the PRI. The inflow of investment dollars to the PRI signatories increases by 4.3%, but the returns reported by ...
Both firm FP and value have recently attracted academic attention in assessing how the ESG initiatives impact on a firm’s prospects (which is also meaningful for its value). For example, Fatemi et al. (2018) find that ESG score strengthens firm value. In the existing literature, one the ...
We survey institutional investors to understand why they integrate environmental, social and governance (ESG) factors into their investment management proc
We firstly construct a hierarchical ESG scoring system to evaluate firms’ ESG performance by mainly using the ESG-related quantitative data of Chinese A-share listed companies, generating the ESG composite score as well as three sub-dimensional scores (namely, E score, S score, and G score)....
A positive reaction was noticed by Ge and Lui (2015). Their work shows that the higher the CSR strength score is, the lower the yield spreads are in the group of new corporate bonds. They suggest that a better CSR policy can reduce the cost of debt. Similarly, Cooper and Uzur in ...
First, Regarding responsible business processes, Ricoh’s goal is to be a leader in the sector in corporate human rights benchmark score. Second, with a diverse and inclusive workforce with female-held managerial positions, we found that a stakeholder paradox exists when integrating ESG goals [...
One interpretation could be that for the stocks from southern European countries, being “close” to the rest of the stocks has more impact. In contrast, for northern European countries, the centrality of the neighbouring stocks matters more. The correlation between unobserved heterogeneity and the ...