Home / Lectures / Ben Lewis, Brigham Young University

Do ESG Ratings Do Any Good? Examining the Organizational and Social Consequences of Rating Corporate Virtue

Ben Lewis

Ben Lewis, Brigham Young University

Description

Semester:

  • Fall 2023

Speakers:

Ben Lewis

Lecture Time:

Fri, September 8, 2023 @ 1:30 pm to 3:00 pm

Lecture Location:

R0240, Ross building

Speaker Webpage(s):

https://marriott.byu.edu/directory/details?id=33896

Introduced By:

No introduction available.

Abstract

In the early 1990s, ESG ratings were originally seen by proponents as a market mechanism that would help motivate improvements in corporate accountability. However, recent critiques have questioned validity of these ratings, raising concerns about whether they incentivize improvements in corporate behavior. In a series of studies, we examine the organizational and social consequences of rating corporate social performance, particularly within the domains corporate philanthropy and board gender diversity. We find compelling evidence that firm behavior and broader social norms can shift in response to these ratings, albeit, not always in ways that were intended. In light of recent critiques and the rise of the anti-ESG movement, we consider the limitations and potential future of ESG ratings.

Recording & Additional Notes

No additional notes available.