The Impact of Corporate Social and Environmental Performance on Credit Rating Prediction: North America versus Europe

URN to cite this document:: urn:nbn:de:bvb:355-epub-416446
DOI to cite this document:: 10.5283/epub.41644

Dorfleitner, Gregor

; Grebler, Johannes ; Utz, Sebastian

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Date of publication of this fulltext: 19 Feb 2020 10:34

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Abstract

We quantify the extent to which the quality of credit rating predictions improves by integrating measures of corporate social performance (CSP) in an established credit risk model. Our analysis provides comprehensive evidence of the comparative informational advantage of considering CSP in predicting credit ratings of North American and European firms. In the North American sample, both ...