Wharton Study: ESG, Material Credit Events, and Credit Risk
New study by Truvalue Labs' Academic Research Network members from Wharton School researchers at the University of Pennsylvania
“Our study is the first large-sample empirical study of the mechanisms that link ESG performance to credit risk. We found that Truvalue Labs’ ESG scores capture timely and material events such as regulatory inquiries, investigations and lawsuits, which are correlated with credit risk and the likelihood of default.”
Witold J. Henisz, Professor of Management, The Wharton School, University of Pennsylvania
Watch Professor Henisz discuss research findings
Professor Henisz shared highlights of his research findings at Truvalue Labs’ third annual ESG Investing Forum in New York.
Want to know more?
Read our blog post summary or purchase the full study from the Journal of Applied Corporate Finance.