The paper aims to dispel various myths about ESG and offers insights into key questions about its influence, its relationship with corporate value, and the practicality of ESG assessments and ratings.
Abstract
ESG has rapidly become a household name leading to both confusion about what it means and creating unrealistic expectations about its effects. In this paper, I draw on more than a decade of research to dispel several myths about ESG and provide answers to important questions around theories of influence, the relation between ESG and corporate value, and the usefulness of ESG assessments and ratings.
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Source:
Serafeim, George, ESG: Hyperboles and Reality (November 8, 2021). Harvard Business School Research Paper Series Working Paper 22-031, Available at SSRN: https://ssrn.com/abstract=3966695 or http://dx.doi.org/10.2139/ssrn.3966695
