Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/233193 
Year of Publication: 
2020
Citation: 
[Journal:] Business Research [ISSN:] 2198-2627 [Volume:] 13 [Issue:] 3 [Publisher:] Springer [Place:] Heidelberg [Year:] 2020 [Pages:] 1343-1415
Publisher: 
Springer, Heidelberg
Abstract: 
We provide evidence of the exogenous impact of environmental and social performance components on credit ratings in North America, Europe, and Asia. In particular, the product innovation dimension is clearly identified as being the dominating driver of credit ratings within the environmental performance in every subsample region. In the social performance dimension, the extent of diversity is a main driver for firms in North America and Europe, but due to cultural reasons, not in Asia. Our results show that the risk mitigation view holds for all significant corporate social or environmental performance variables, but the magnitude of impact differs regionally.
Subjects: 
Credit risky
CSR
CSP
Asset4
Credit ratings
Sustainability
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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