Plausibly Exogenous [1783] - Conflict of Interest (12/20/2024)
LHS Variable
Bias in ESG ratings
RHS Variable
Conflicts of interest
Source of Exogenous Variation
Acquisitions of Vigeo Eiris and RobecoSAM by Moody's and S&P as shocks to the commercial ties between ESG rating agencies and their rated firms
- Li, Lou, and Zhang (2024), “Do Commercial Ties Influence ESG Ratings? Evidence from Moody's and S&P”