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Article Dans Une Revue Quarterly Review of Economics and Finance Année : 2017

The effect of countries’ ESG ratings on their sovereign borrowing costs

Patricia Crifo
Marc-Arthur Diaye

Résumé

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. © 2017 Board of Trustees of the University of Illinois
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Dates et versions

hal-02877953 , version 1 (22-06-2020)

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Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi. The effect of countries’ ESG ratings on their sovereign borrowing costs. Quarterly Review of Economics and Finance, 2017, 66, pp.13--20. ⟨10.1016/j.qref.2017.04.011⟩. ⟨hal-02877953⟩
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