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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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&amp;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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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&amp;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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Sustainable Finance & Investment

ISSN

2043-0795

e-ISSN

2043-0809

Svazek periodika

13

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

35

Strana od-do

1075-1109

Kód UT WoS článku

000648765700001

EID výsledku v databázi Scopus

2-s2.0-85106344511