Do Ratings of Firms Converge? Implications for Managers, Investors and Strategy Researchers

By Rodolphe Durand, S. Touboul. 2016

1,025 citations recorded by the source corpus.

Subfields: Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c07ba798b8e85cf15c574788adff92a8eeda8e2b

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Citations in the corpus

Why is Corporate Virtue in the Eye of The Beholder? The Case of ESG Ratings (2021, methodology): “1 However, recently academic research (Chatterji et al. 2016) and commentators in the media have questioned these ratings noting the high degree of disagreement among data providers.”
Dispositional Sources of Managerial Discretion: CEO Ideology, CEO Personality, and Firm Strategies (2018, methodology): “This aggregate CSR index not only enables parsimonious assessment of firms’ CSR actions but also aligns with the use of CSR data by practitioners who frequently rely on this composite measure to decide which companies are most or least socially responsible (Chatterji et al., 2016).”
Integrating sustainability risks in asset management: the role of ESG exposures and ESG ratings (2019, neutral): “As a measure of corporate sustainability, we use ESG ratings from the Thomson Reuters ESG database which is a replacement and enhancement of the ESG database ASSET4 (Utz and Wimmer 2014; Chatterji et al.”
Corporate Social Responsibility Performance, Incentives, and Learning Effects (2020, methodology): “Second, we accounted for possible bias in the dependent variable given the documented presence of an implied measurement error in MSCI ESG ratings (Chatterji et al. 2016).”
Can Sustainable Investing Save the World? Reviewing the Mechanisms of Investor Impact (2020, positive): “5 While there are many efforts to develop measures for company impact, we acknowledge that there may still be a significant amount of work to be done before company impact is measured adequately, as pointed out by Chatterji et al. (2016) and Vörösmarty et al. (2018).”
Willing and Able: A General Model of Organizational Responses to Normative Pressures (2017, background): “…influence organizational behavior and thus contributes to this literature by suggesting that such a risk may have already been incorporated into firms’ decision-making through accounting for the perceived costs and benefits of inaction and/or of firm resource mobilization (Chatterji et al, 2016).”
Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles (2019, background): “Therefore, if the assessments of ESG ratings are not consistent, which involves evidence of low commensurability, the hypothesized benefits of CSR cannot occur [6].”