ǂA ǂlegal origins perspective on ESG rating disagreement

Barbara Kurbus (Avtor), Vasja Rant (Avtor)

Povzetek

Firms’ environmental, social, and governance (ESG) scores vary significantly across rating pro- viders. This article considers the legal origins theory as a potential factor influencing ESG rating disagreement. By comparing ESG scores from five reputable rating providers – Bloomberg, S&P Global, LSEG, MSCI, and Sustainalytics – for a sample of 2392 public firms incorporated across 53 countries, we find that correlation disagreement between rating providers is lower for civil law firms, while dispersion disagreement across rating providers is lower for common law firms. This suggests, firstly, that civil law firms are influenced more by shared factors such as national pol- icies, regulations and industry practices, leading to higher correlations in ESG scores between rating providers, and secondly, that common law firms engage in more independent and firm- specific ESG efforts, resulting in lower ESG dispersion across rating providers.

Ključne besede

podjetje;družbena odgovornost;trajnostni razvoj;enterprises;social responsibility;sustainable development;

Podatki

Jezik:	Angleški jezik
Leto izida:	2025
Tipologija:	1.01 - Izvirni znanstveni članek
Organizacija:	UL EF - Ekonomska fakulteta
UDK:	502.131.1
COBISS:	220978179
ISSN:	0275-5319
Št. ogledov:	39
Št. prenosov:	24
Ocena:	0 (0 glasov)
Metapodatki:

Ostali podatki

Sekundarni jezik:	Slovenski jezik
Sekundarne ključne besede:	podjetje;družbena odgovornost;trajnostni razvoj;
Vrsta dela (COBISS):	Članek v reviji
Strani:	22 str.
Letnik:	ǂVol. ǂ74
Zvezek:	ǂarticle no. ǂ 102702
Čas izdaje:	Feb. 2025
DOI:	10.1016/j.ribaf.2024.102702
ID:	25646549