Can extra-financial ratings serve as an indicator of ESG risk?
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DOI: 10.1016/j.gfj.2021.100638
Abstract: Abstract We examine whether extra-financial ratings are related to the probability of occurrence of adverse environmental, social and governance (ESG) events, and thus serve as an indicator of ESG-risk. We observe that a firm's global… read more here.
Keywords: esg risk; indicator esg; serve indicator; financial ratings ... See more keywords