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Photo du rédacteurHélène Dufour

The Value-Relevance of ESG Scores:A Fair Value Hierarchy Perspective with Evidence from European Banks

“… stock market investors either do not treat the ESG score as a reliable measure of ESG performance or, embracing the “overinvestment view” rather than the “risk mitigation view” of Corporate Social Responsibility, do not associate positive ESG performance to greater corporate transparency and trustworthiness.”


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