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ESG as a Measure of Credit Ratings
16 references·6 citing·46 second hop
ESG as a Measure of Credit Ratings (2021)ESG as a Measure of Credit RatingsSocial Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Social Capital, Trust, and Fi…ESG performance and firm value: The moderating role of disclosure (2017)ESG performance and firm valu…ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015)ESG and financial performance…Environmental Externalities and Cost of Capital (2014)Environmental Externalities a…Corporate social responsibility and stock price crash risk (2014)Corporate social responsibili…The impact of corporate social responsibility on the cost of bank loans (2010)The impact of corporate socia…The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)The relationship between corp…Corporate Governance and Firm Performance (2007)Corporate Governance and Firm…The effects of corporate governance on firms’ credit ratings (2006)The effects of corporate gove…The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective (2005)The Relationship Between Corp…Information and the Cost of Capital (2004)Information and the Cost of C…Effect of Corporate Governance on Bond Ratings and Yields: The Role of Institutional Investors and Outside Directors* (2003)Effect of Corporate Governanc…Corporate Social and Financial Performance: A Meta-Analysis (2003)Corporate Social and Financia…The determinants and implications of corporate cash holdings (1999)The determinants and implicat…Determinants of corporate borrowing (1977)Determinants of corporate bor…FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)FINANCIAL RATIOS, DISCRIMINAN…The impact of ESG factors on credit ratings: An empirical study of European banks (2025)The impact of ESG factors on …Assessing Firm ESG Performance Through Corporate Survival: The Moderating Role of Firm Size (2025)Assessing Firm ESG Performanc…Do green finance and green innovation affect corporate credit rating performance? Evidence from machine learning approach (2024)Do green finance and green in…How to combine ESG scores? A proposal based on credit rating prediction (2023)How to combine ESG scores? A …Environmental, social, governance risk versus cooperation models between financial institutions and businesses. Sectoral approach and ESG risk analysis (2023)Environmental, social, govern…A Systematic Literature Review on ESG during the COVID-19 Pandemic (2023)A Systematic Literature Revie…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)PORTFOLIO SELECTION* (1952)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Social Responsibility of Business Is to Increase Its Profits (2007)Corporate Sustainability: First Evidence on Materiality (2016)Corporate green bonds (2021)Mandatory CSR and sustainability reporting: economic analysis and literature review (2021)Strategy and society: the link between competitive advantage and corporate social responsibility (2007)Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure (2012)Firm Resources and Sustained Competitive Advantage (1991)Firm resources and sustained competitive advantage (2004)Strategic management a stakeholder approach (2010)Corporate Social Responsibility and Shareholder Reaction: The Environmental Awareness of Investors (2012)What drives corporate social performance? The role of nation-level institutions (2012)The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields (1983)Misery Loves Companies: Rethinking Social Initiatives by Business (2003)The iron cage revisited institutional isomorphism and collective rationality in organizational fields (2004)Why would corporations behave in socially responsible ways? an institutional theory of corporate social responsibility (2007)A power primer. (1992)On Persistence in Mutual Fund Performance (1997)G*Power 3: A flexible statistical power analysis program for the social, behavioral, and biomedical sciences (2007)Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack (2019)The Influence of Firm Size on the ESG Score: Corporate Sustainability Ratings Under Review (2019)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)Social Capital in the Creation of Human Capital (1988)The Cross-Section of Expected Stock Returns (1992)Bowling alone (2000)Do institutional investors drive corporate social responsibility? International evidence (2018)Aggregate Confusion: The Divergence of ESG Ratings (2022)Risk, Return, and Equilibrium: Empirical Tests (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)The theory and practice of corporate finance: evidence from the field (2001)The Cash Flow Sensitivity of Cash (2004)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)Continuous Auctions and Insider Trading (1985)Common risk factors in the returns on stocks and bonds (1993)Information Uncertainty and Stock Returns (2006)Liquidity and Asset Prices (2006)High idiosyncratic volatility and low returns: International and further U.S. evidence (2008)Financial Ratios and the Probabilistic Prediction of Bankruptcy (1980)Managerial incentives and risk-taking☆ (2005)How does financial reporting quality relate to investment efficiency? (2009)
this work references cited by second hop

References

  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1977Determinants of corporate borrowing13,160 cited
  • 2003Corporate Social and Financial Performance: A Meta-Analysis7,627 cited
  • 2015ESG and financial performance: aggregated evidence from more than 2000 empirical studies4,715 cited
  • 1999The determinants and implications of corporate cash holdings3,910 cited
  • 2017Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis3,754 cited
  • 2008The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis3,151 cited
  • 2004Information and the Cost of Capital3,057 cited
  • 2005The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective2,836 cited
  • 2010The impact of corporate social responsibility on the cost of bank loans2,099 cited
  • 2014Environmental Externalities and Cost of Capital1,834 cited
  • 2007Corporate Governance and Firm Performance1,748 cited
  • 2017ESG performance and firm value: The moderating role of disclosure1,606 cited
  • 2014Corporate social responsibility and stock price crash risk1,466 cited

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2006
The effects of corporate governance on firms’ credit ratings
1,320 cited
  • 2003Effect of Corporate Governance on Bond Ratings and Yields: The Role of Institutional Investors and Outside Directors*1,193 cited
  • Cited by

    • 2023A Systematic Literature Review on ESG during the COVID-19 Pandemic73 cited
    • 2024Do green finance and green innovation affect corporate credit rating performance? Evidence from machine learning approach44 cited
    • 2023How to combine ESG scores? A proposal based on credit rating prediction42 cited
    • 2023Environmental, social, governance risk versus cooperation models between financial institutions and businesses. Sectoral approach and ESG risk analysis30 cited
    • 2025The impact of ESG factors on credit ratings: An empirical study of European banks28 cited
    • 2025Assessing Firm ESG Performance Through Corporate Survival: The Moderating Role of Firm Size23 cited