ESG Ratings: Relevant information or misleading clue? Evidence from the S&P Global 1200

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F23%3A00129900" target="_blank" >RIV/00216224:14560/23:00129900 - isvavai.cz</a>
Result on the web
<a href="https://www.tandfonline.com/doi/full/10.1080/20430795.2021.1922062" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/20430795.2021.1922062</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/20430795.2021.1922062" target="_blank" >10.1080/20430795.2021.1922062</a>

Result language
angličtina
Original language name
ESG Ratings: Relevant information or misleading clue? Evidence from the S&P Global 1200
Original language description
Environmental, social, and corporate governance (ESG) scores are frequently involved in investment-related decision-making, e.g. for red-flagging or to manage risks. The increasing interest in ESG data raises the question about their validity from various sources. Therefore, we explore the consistency and convergent validity of the well recognized ESG data providers. Exploratory factor analysis of S&P Global 1200 index demonstrates considerable uncertainty across extracted latent factors. Further factor analyses show that the consistency and convergent validity across ESG data significantly depend on the industry type and the country of domicile. These findings are supported by confirmatory factor analyses. Thus, the stakeholders are encouraged to incorporate the company sector and domicile aspects into their decisions. Otherwise, naive use of primary ESG scores may provide a misleading clue.
Czech name
—
Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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