Do Commercial Ties Influence ESG Ratings? Evidence from Moody's and S&P

ABSTRACT We provide the first evidence that conflicts of interest arising from commercial ties lead to bias in environmental, social, and governance (ESG) ratings. Using the acquisitions of Vigeo Eiris and RobecoSAM by Moody's and S&P as shocks to the commercial ties between ESG rating agen...

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Veröffentlicht in:	Journal of accounting research 2024-12, Vol.62 (5), p.1901-1940
Hauptverfasser:	LI, XUANBO, LOU, YUN, ZHANG, LIANDONG
Format:	Artikel
Sprache:	eng
Schlagworte:	Bias commercial ties Companies Conflicts of interest Credit ratings disclosure ESG Governance Ownership rating agencies sustainability Trade
Online-Zugang:	Volltext
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