The study was conducted on a sample of 60 the world’s biggest banks financing largest fossil fuel entities. aim is to identify determinants ESG ratings these and determine how relevant their actual credit investment exposure this assessment. indirect objective also an examination whether coal power affects ratings. Two logistic regression models have been explored: one dedicated identification ...

We exploit the a modification to Sustainanlytics' environmental, social, and governance (ESG) rating methodology, which is subsequently adopted by Morningstar, study whether ESG ratings are salient for stock pricing. show that inversion of scale but not new information leads some investors make incorrect assessments about meaning change in ratings. They buy (sell) stocks they misconceive as upg...

Using a sample of Chinese listed companies from 2009 to 2020, this study investigates the impact ESG ratings on corporate trade credit financing. The results suggest that performance by can significantly improve level positive effect rating financing is more pronounced when company hires “Big4” auditor, or locates in region with higher degree marketization, and followed analysts. still hold aft...

We aimed to investigate the mechanism of shaking as a prenatal stressor impacting the development of the offspring and Chinese medicines correcting the alterations. Pregnant rats were randomized into earthquake simulation group (ESG), herbal group (HG) which received herbal supplements in feed after shaking, and control group (CG). Findings revealed body weight and open field test (OFT) score o...

Abstract We show that banks with high environmental, social, and governance (ESG) ratings issue fewer mortgages in poor localities—in number dollar amount—than low ESG ratings. This lending disparity happens at both the county census tract level, worsens disaster areas of severe hurricane strikes, is robust to alternative (including using only social (S) component), cannot be explained by banks...

We investigate the association between Environmental, Social, and Governance (ESG) ratings stock performance during COVID-19 crisis. Although there is mixed evidence in literature whether ESG valuable times of crisis, we find high ESG-rated European firms to be associated with higher abnormal returns lower volatility. After decomposing into its separate components, social score predominant driv...

The increasing attention to sustainability issues in finance has brought a proliferation of environmental, social, and governance (ESG) metrics rating providers that results divergences among the ESG ratings. Based on sample Italian listed firms, this paper investigates these through framework decomposes ratings into value weight component at pillar (i.e. E, S, G) category sub-pillar) levels. W...

The relevance of the study international credit ratings taking into account ESG principles in era increasing epidemiological risks is considered within current situation society, namely significant impact COVID-19 on all sectors social and economic development. This shows urgency a systematic justification trends peculiarities ratings, paying attention to widespread. above-mentioned aspects def...