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Corporate social-responsibility and environmental management, v.28 no.5, 2021년, pp.1426 - 1445
Billio, Monica (Ca' Foscari University of Venice, Venice, Italy) , Costola, Michele (Ca' Foscari University of Venice, Venice, Italy) , Hristova, Iva (Ca' Foscari University of Venice, Venice, Italy) , Latino, Carmelo (Leibniz Institute for Financial Research SAFE, Frankfurt am Main, Germany) , Pelizzon, Loriana (Leibniz Institute for Financial Research SAFE, Goethe University Frankfurt, Ca’ Foscari University of Venice and CEPR, Venice, Italy)
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AbstractWe analyze the ESG rating criteria used by prominent agencies and show that there is a lack of a commonality in the definition of ESG (i) characteristics, (ii) attributes and (iii) standards in defining E, S and G components. We provide evidence that heterogeneity in rating criteria can lead...
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