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

Measuring the effect of government ESG performance on sovereign borrowing cost

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.
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Dates et versions

hal-01549820 , version 1 (29-06-2017)

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Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi. Measuring the effect of government ESG performance on sovereign borrowing cost. Quarterly Review of Economics and Finance, 2017, 66, pp.13-20. ⟨10.1016/j.qref.2017.04.011⟩. ⟨hal-01549820⟩
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