欧盟新兴市场的 ESG 评级差异

IF 0.7 Q3 ECONOMICS
Diana Elena Vasiu
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引用次数: 0

摘要

对可持续发展的日益重视导致 ESG 评级提供商的增加,但这种扩张也带来了挑战。环境、社会和公司治理评级十分复杂,由于评分方法不同和披露信息非标准化,不同机构的评级结果可能大相径庭,因此很难进行准确评估。此外,投资者和公司对这些评级的准确性表示信心有限。监管的发展旨在改善环境、社会和公司治理信息的披露和可比性,但评估标准和评级方法的差异依然存在。这些方面导致学术领域的研究人员和金融市场的专业人士越来越关注以下问题:不同供应商提供的环境、社会和公司治理评级有多大差异;造成这种差异的原因是什么;这些差异如何影响公司的业绩;最重要的是,如何减轻环境、社会和公司治理评级差异的负面影响。大多数研究人员将上述方面的注意力集中在美国或欧洲的发达金融市场、顶级公司或金砖四国新兴市场的上市公司上。本文分析了三家知名评级提供商为欧洲新兴市场上市公司提供的环境、社会和公司治理评级的差异,为增加该领域的知识做出了贡献。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
ESG Rates Divergence on the Emerging Markets in the European Union
The growing emphasis on sustainability has led to a rise of ESG rating providers, but this expansion has brought challenges. ESG ratings are complex and can vary significantly between agencies, due to different scoring methods and non-standardized disclosures, making accurate assessments difficult. Moreover, investors and companies express limited confidence in the accuracy of these ratings. Regulatory developments aim to improve ESG disclosure and comparability, however, discrepancies in assessment criteria and rating methodologies persist. These aspects have led to the increasing concern of researchers from the academic field and professionals from the financial markets to identify how divergent are the ESG rates provided by various suppliers, what are the causes of this divergence, how do these influence the performance of companies and above all, how the negative effects of divergent ESG rates mitigated. Most researchers focused their attention on the aforementioned aspects on the developed financial markets from the USA or Europe, on the top companies or on the companies listed on the BRIC emerging markets. This article analyzes the divergence of ESG rates provided by three well-known rate-providers, for companies listed on emerging markets in Europe, contributing to increasing knowledge in this field.
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来源期刊
CiteScore
1.30
自引率
16.70%
发文量
20
审稿时长
30 weeks
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