Essays about: "ESG Ratings"

Showing result 1 - 5 of 57 essays containing the words ESG Ratings.

1. 1. Green Numbers in Grey Areas: A study on what methods credit analysts use to integrate incomplete ESG data in the credit rating process

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Erik Voss-Schrader; Gustav Ryhre; [2024]
   Keywords : Credit; Debt; Rating; ESG; Epistemic;

   Abstract : In response to the urgent need to address global warming, this study investigates the efforts of two credit rating agencies (CRAs), Aries and Orion, to integrate environmental, social, and governance (ESG) factors into their financial analyses amidst challenges posed by inconsistent and unstandardized data. Based on interviews with nine CRA representatives and Knorr Cetina's theory of epistemic cultures, the present study reveals the difficulties faced by the CRAs with directly linking ESG factors to credit ratings. READ MORE

3. 2. The value of a good deed; ESG-scores and returns in the Nordic stock markets

   University essay from

   Author : Axel Olausson; Axel Pettersson; [2023-11-07]
   Keywords : Stock returns; ESG; Risk-adjusted returns; Adjusted Sharpe ratio; unequal variance t-test; Nordic market;

   Abstract : This paper seeks to answer which effect ESG-scores have on risk-adjusted returns for stocks listed on Nordic stock markets. To answer this, we create five null hypotheses and use unequal variance t-tests to determine if the hypotheses can be rejected. READ MORE

4. 3. EXPLORING THE RELATIONSHIP BETWEEN ESG DISAGREEMENT AND STOCK RETURNS - AN EMPIRICAL ANALYSIS

   University essay from Göteborgs universitet/Graduate School

   Author : Andrea Pasquali; [2023-06-29]
   Keywords : ;

   Abstract : During the recent years investors shifted their preferences towards sustainable stocks and funds, increasing the importance of Environmental, Social and Governance ratings. At a similar pace the related literature started to develop shedding light on some crucial aspects of the ESG ratings, such as the disagreement between rating agencies and the lack of common methodologies to assess the ratings. READ MORE

5. 4. Unveiling the Impact of ESG Ratings on Risk-Adjusted Returns : Evidence from European Companies

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : David Melin; Otta Alexander; [2023]
   Keywords : ESG; Sustainability; Risk-adjusted return; Risk factor; Factor model; Portfolio; Europe;

   Abstract : This study uses a sample of 600 companies from Europe to investigate the risk-adjusted returns of four portfolios with high and low ESG ratings between 2011 and 2021. Four asset pricing models and additional measures for risk and return are tested on different portfolio weights. READ MORE

6. 5. Are ESG-ratings related to financial strength? : A panel data analysis of Swedish publicly traded firms

   University essay from Umeå universitet/Företagsekonomi

   Author : Vendela Sandström; William Jörding; [2023]
   Keywords : ESG; financial strength; Piotroski F-score; Altman´s Z-Score;

   Abstract : In a world facing environmental destruction and social injustices, corporations are called upon to act more sustainably. There has been an upswing in demand for green investments in the last decades, a trend further facilitated by the covid-19 pandemic. READ MORE