• Inside the ESG Ratings: (Dis)agreement and Performance 

      Billio, Monica; Costola, Michele; Hristova, Iva; Latino, Carmelo; Pelizzon, Loriana (2020-07-31)
      We analyze the ESG rating criteria used by prominent agencies and show that there is a lack of a commonality in the definition of ESG (i) characteristics, (ii) attributes and (iii) standards in defining E, S and G components. ...
    • The Power of ESG Ratings on Stock Markets 

      Latino, Carmelo; Pelizzon, Loriana; Rze?nik, Aleksandra (2021-03-10)
      This paper studies the impact of environmental, social, and governance (ESG) ratings on investors’ preferences and stock prices. We exploit a change in ESG rating methodology that non-linearly shifted ESG ratings for firms ...