{"id":"W4401390383","doi":"10.3390/jrfm17080340","title":"Does a Change in the ESG Ratings Influence Firms’ Market Value? Evidence from an Event Study","year":2024,"lang":"en","type":"article","venue":"Journal of risk and financial management","topic":"Corporate Social Responsibility Reporting","field":"Business, Management and Accounting","cited_by":14,"is_retracted":false,"has_abstract":true,"ca_institutions":"","funders":"","keywords":"Event study; Business; Sample (material); Credit rating; Accounting; Market capitalization; Value (mathematics); Bond credit rating; Sustainability; Market value; Stock (firearms); Stock market; Actuarial science; Credit risk; Statistics; Geography","routes":{"ca_aff":false,"ca_fund":false,"ca_venue":true,"about_ca":false,"invisible_to_affiliation_only":true},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.005632188,0.0001742909,0.0002785574,0.001057803,0.0002467701,0.001630051,0.0004742097,0.0007310061,0.0018538],"category_scores_gemma":[0.04418813,0.0001197178,0.00035759,0.001340913,0.0006666639,0.001613362,0.0007084868,0.0007184124,0.0003530525],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0003659057,"about_ca_system_score_gemma":0.0002011514,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.002874595,"about_ca_topic_score_gemma":0.003024896,"domain_scores_codex":[0.9959553,0.002049218,0.0003416637,0.0004642595,0.0009292677,0.000260244],"domain_scores_gemma":[0.8434191,0.07067665,0.07280295,0.00514214,0.004953245,0.003005785],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.0003590386,0.0001922481,0.9885124,0.00003117616,0.0001344812,0.0001411696,0.0006099661,0.0001953545,0.0003266366,0.0002858536,0.0003173497,0.008894315],"study_design_scores_gemma":[0.000005698179,0.0001597258,0.9982481,0.000007785859,0.00002637192,0.000035485,0.0004185479,0.0004376273,0.0001377044,0.00009948712,0.0004176723,0.000005760006],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9970092,0.000202555,0.0001527736,0.0002309448,0.00001152622,0.0000105514,0.0001032741,0.000003092986,0.002276117],"genre_scores_gemma":[0.9995381,0.0001009274,0.00005217156,0.00003606272,0.0000248878,0.000003129213,0.00009215685,0.000001323429,0.0001513767],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.005632188,"threshold_uncertainty_score":0.02978623,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.0218542233690038,"score_gpt":0.2883807100459576,"score_spread":0.2665264866769538,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}