| 题名 | The rise of ESG rating agencies and management of corporate ESG violations |
| 作者 | |
| 通讯作者 | Wang，Yujie |
| 发表日期 | 2024-12-01
|
| DOI | |
| 发表期刊 | |
| ISSN | 0378-4266
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| 卷号 | 169 |
| 摘要 | In recent years, firms have increasingly come under scrutiny from environmental, social, and governance (ESG) rating agencies which systematically assess and publicize ESG-related information to diverse stakeholders. This study aims to investigate whether firms exhibit a heightened incentive to avoid ESG-related regulatory violations once they come under the coverage of ESG rating agencies. Analyzing data spanning from 2000 to 2018 and considering the coverage provided by four prominent ESG rating agencies to U.S. firms, we leverage the staggered initiation and intensity of this coverage. Our findings reveal a negative correlation between ESG violations and the commencement and extent of coverage by ESG rating agencies. This relationship is particularly pronounced for firms characterized by lower levels of corporate monitoring as indicated by fewer analysts providing coverage, limited media attention, weaker ESG commitments, and less disparate ESG ratings. Taken together, our study sheds light on the monitoring role of ESG rating agencies, illustrating their significance in incentivizing managers to mitigate ESG violations. |
| 关键词 | |
| 相关链接 | [Scopus记录] |
| 语种 | 英语
|
| 学校署名 | 第一
|
| Scopus记录号 | 2-s2.0-85204947013
|
| 来源库 | Scopus
|
| 引用统计 | |
| 成果类型 | 期刊论文 |
| 条目标识符 | http://sustech.caswiz.com/handle/2SGJ60CL/837873 |
| 专题 | 南方科技大学 |
| 作者单位 | 1.Business School,Southern University of Science and Technology,Shen Zhen,China 2.School of Business,Center for Accounting,Finance and Institutions,Sun Yat-Sen University,Guang Zhou,China 3.School of Accounting and Finance,The Hong Kong Polytechnic University,Hong Kong 4.Business School,Nankai University,China |
| 第一作者单位 | 南方科技大学 |
| 第一作者的第一单位 | 南方科技大学 |
| 推荐引用方式 GB/T 7714 |
Tsang，Albert,Wang，Yujie,Xiang，Yi,et al. The rise of ESG rating agencies and management of corporate ESG violations[J]. Journal of Banking and Finance,2024,169.
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| APA |
Tsang，Albert,Wang，Yujie,Xiang，Yi,&Yu，Li.(2024).The rise of ESG rating agencies and management of corporate ESG violations.Journal of Banking and Finance,169.
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| MLA |
Tsang，Albert,et al."The rise of ESG rating agencies and management of corporate ESG violations".Journal of Banking and Finance 169(2024).
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| 条目包含的文件 | 条目无相关文件。 | |||||
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