The influence of firm size on ESG score controlling for ratings agency and industrial sector

被引：20
|
作者：
Gregory, Richard Paul [1 ]
机构：
[1] East Tennessee State Univ, Econ & Finance, POB 70686, Johnson City, TN 37614 USA
来源：
JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT | 2024年 / 14卷 / 01期
关键词：
Data availability; ESG rating; firm size bias; measurement of corporate sustainability; organizational legitimacy; sustainable and responsible investment (SRI); LEGITIMACY; MANAGEMENT;
D O I：
10.1080/20430795.2022.2069079
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The influence of firm size on environmental, social and governance (ESG) ratings is examined controlling for ratings agency and industrial sector. While a uniform positive relationship is found between firm size and ESG over ratings agencies, its strength varies by agency, calling into question the explanation of organizational legitimacy. Controlling for industrial sector and ratings agency, it is found that for many combinations that there is no significant relationship between firm size and ESG rating. Further, comparison of OLS and Quantile regression estimates shows that the effect of size on ESG ratings is driven in part by outliers.
引用
收藏
页码：86 / 99
页数：14
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