MSCI Introduces ESG Ratings & Climate Search Tool

We are proud to be a leader in driving ESG and Climate transparency to help provide investors with much needed clarity as they sharpen their focus on the financial impact of climate change and raise awareness of the value of ESG data and ratings and improve disclosure standards. Our public ESG Ratings & Climate corporate…

Do Corporate Governance Ratings Change Investor Expectations? Evidence from Announcements by Institutional Shareholder Services

We find that rating downgrades by ISS cause negative announcement returns of –1.14%. Thus, rating information is highly relevant for financial markets. We examine whether the information content reflects the underlying corporate governance quality of the firm. We find that announcement returns are lower for downgraded firms with higher potential agency costs. Since the cost…