Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7383523 | The Quarterly Review of Economics and Finance | 2017 | 8 Pages |
Abstract
We examine whether the extra-financial performance of countries on environmental, social and governance (ESG) factors matters for sovereign bonds markets. Using a panel regression model over a data set with 23 OECD countries from 2007 to 2012, we show that ESG ratings significantly decrease government bond spreads.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi,