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Are Sustainable Companies More Likely to Default? Evidence from the Dynamics between Credit and ESG Ratings 원문보기

Sustainability, v.13 no.15, 2021년, pp.8568 -   

Aslan, Aydin ,  Poppe, Lars ,  Posch, Peter

Abstract AI-Helper 아이콘AI-Helper

We investigate the relationship between environmental, social and governance (ESG) performance and the probability of corporate credit default. By using a sample of 902 publicly-listed firms in the US from 2002 to 2017 and by converting Standard & Poor’s credit ratings into default probabiliti...

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