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Uncovering ESG Ratings: The (Im)Balance of Aspirational and Performance Features
16 references·0 citing·46 second hopsampled
Uncovering ESG Ratings: The (Im)Balance of Aspirational and Performance Features (2025)Uncovering ESG Ratings: The (Im)Balance o…What you see is not what you get: ESG scores and greenwashing risk (2025)What you see is not what you …The influence of market and institutional factors on ESG rating disagreement (2024)The influence of market and i…Navigating ESG complexity: An in-depth analysis of sustainability criteria, frameworks, and impact assessment (2024)Navigating ESG complexity: An…ESG rating disagreement and analyst forecast quality (2024)ESG rating disagreement and a…ESG , ESG rating divergence and earnings management: Evidence from China (2024)ESG , ESG rating divergence a…ESG ratings explainability through machine learning techniques (2023)ESG ratings explainability th…Tilting the wrong firms? Sustainable investing in transitioning firms (2022)Tilting the wrong firms? Sust…Inside the ESG ratings: (Dis)agreement and performance (2021)Inside the ESG ratings: (Dis)…ESG score prediction through random forest algorithm (2021)ESG score prediction through …ESG Rating Disagreement and Stock Returns (2021)ESG Rating Disagreement and S…Investment and Asset Pricing with ESG Disagreement (2020)Investment and Asset Pricing …Deconstructing ESG Ratings Performance: Risk and Return for E, S, and G by Time Horizon, Sector, and Weighting (2020)Deconstructing ESG Ratings Pe…Responsible Investing: The ESG-Efficient Frontier (2019)Responsible Investing: The ES…Aggregate Confusion: The Divergence of ESG Ratings (2019)Aggregate Confusion: The Dive…Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows (2017)Do Investors Value Sustainabi…Do ESG Controversies Matter for Firm Value? Evidence from International Data (2016)Do ESG Controversies Matter f…Determinants of corporate borrowing (1977)Managing Legitimacy: Strategic and Institutional Approaches (1995)Strategic management a stakeholder approach (2010)Do environmental, social, and governance activities improve corporate financial performance? (2018)The Influence of Firm Size on the ESG Score: Corporate Sustainability Ratings Under Review (2019)ESG disclosure and financial performance: Moderating role of ESG investors (2022)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)The Impact of Corporate Sustainability on Organizational Processes and Performance (2014)ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015)ESGM: ESG scores and the Missing pillar (2021)Exploring the performance of responsible companies in G20 during the COVID-19 outbreak (2022)The Environmental Pillar of ESG and Financial Performance: A Portfolio Analysis (2022)Risk, Return, and Equilibrium: Empirical Tests (1973)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)On Persistence in Mutual Fund Performance (1997)Aggregate Confusion: The Divergence of ESG Ratings (2019)Advances in prospect theory: Cumulative representation of uncertainty (1992)A Theory of Fairness, Competition, and Cooperation (1999)Risk as feelings. (2001)Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review (2019)Sustainable investing in equilibrium (2020)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Corporate Governance and Equity Prices (2003)A five-factor asset pricing model (2014)Firms and social responsibility: A review of ESG and CSR research in corporate finance (2021)The Cross-Section of Expected Stock Returns (1992)Does Voluntary ESG Reporting Resolve Disagreement among ESG Rating Agencies? (2022)Environmental, social, and governance ratings and financial performance: Evidence from the European food industry (2022)Determinants of environmental social and governance (ESG) performance: A systematic literature review (2024)Common risk factors in the returns on stocks and bonds (1993)Dissecting green returns (2022)17. A Value for n-Person Games (1953)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2016)Proposing an Integrated Approach to Analyzing ESG Data via Machine Learning and Deep Learning Algorithms (2022)What do we know about ESG and risk? A systematic and bibliometric review (2023)Intraclass correlations: Uses in assessing rater reliability. (1979)No Contagion, Only Interdependence: Measuring Stock Market Comovements (2002)Corporate Green Bonds (2018)Content Analysis: An Introduction to Its Methodology (2019)Why is Corporate Virtue in the Eye of The Beholder? The Case of ESG Ratings (2021)A Three-Dimensional Conceptual Model of Corporate Performance (1979)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Theory: An Assessment and Review (1989)Green bonds and corporate Environmental social and governance performance: Innovative approaches to identifying greenwashing in green bond markets (2024)Impact of environmental, social, and governance rating disagreement on real earnings management in Chinese listed companies (2024)ESG Rating Divergence: Existence, Driving Factors, and Impact Effects (2025)
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References

  • 2019Aggregate Confusion: The Divergence of ESG Ratings4,251 cited
  • 2019Responsible Investing: The ESG-Efficient Frontier2,140 cited
  • 2017Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows1,613 cited
  • 2020Investment and Asset Pricing with ESG Disagreement1,408 cited
  • 2016Do ESG Controversies Matter for Firm Value? Evidence from International Data1,092 cited
  • 2021ESG Rating Disagreement and Stock Returns930 cited
  • 2021Inside the ESG ratings: (Dis)agreement and performance666 cited
  • 2021ESG score prediction through random forest algorithm138 cited
  • 2020Deconstructing ESG Ratings Performance: Risk and Return for E, S, and G by Time Horizon, Sector, and Weighting128 cited
  • 2024ESG , ESG rating divergence and earnings management: Evidence from China122 cited
  • 2024ESG rating disagreement and analyst forecast quality116 cited
  • 2025What you see is not what you get: ESG scores and greenwashing risk109 cited
  • 2023ESG ratings explainability through machine learning techniques105 cited
  • 2024Navigating ESG complexity: An in-depth analysis of sustainability criteria, frameworks, and impact assessment56 cited
  • 2024The influence of market and institutional factors on ESG rating disagreement

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47 cited
  • 2022Tilting the wrong firms? Sustainable investing in transitioning firms26 cited
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