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The Influence of Regulatory Oversight on Environmental, Social, and Governance Ratings

Torpey, John F
http://rave.ohiolink.edu/etdc/view?acc_num=frank1586421855928535

Abstract Details

2020, Doctorate of Business Administration, Franklin University, Business Administration.
Ratings made by third parties of a firm’s performance in the specific areas of environmental stewardship, social responsibility, and overall governance, or ESG have become important criteria that investors consider in determining a firm’s value. Based on stakeholder theory, the purpose of this empirical investigation is to examine the relationship between regulatory oversight and third-party ESG ratings. The methodology chosen for this research was quantitative, observational, and retrospective. Financial statistics were collected on 471 firms from four industry sectors, two heavily regulated sectors and two less regulated sectors. ESG metrics from two ESG rating services, MSCI and Sustainalytics, were collected from Fidelity.com and Yahoo Finance, respectively. The quantitative evaluation included multiple regression analysis followed by multiway frequency analysis to determine if a quantifiable relationship exists between regulatory oversight and ESG ratings. This study may provide information to help stakeholders recognize the influence of regulation on ESG ratings. The result of this study may also be beneficial in explaining to investors and company leaders why ESG ratings vary among different industry sectors. This quantitative study is limited to four specific sectors but may provide insights applicable to other sectors based on regulatory intensity.
Beverly Smith, PhD (Committee Chair)
Charles Fenner, PhD (Committee Member)
John Nadalin, PhD (Committee Member)
130 p.
Business Administration; Business Community; Management; Organizational Behavior; Public Policy; Sustainability
ESG; Sustainability; Regulation; Corporate Social Responsibility; CSR; Industry Sectors

Recommended Citations

Citations

  • Torpey, J. F. (2020). The Influence of Regulatory Oversight on Environmental, Social, and Governance Ratings [Doctoral dissertation, Franklin University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=frank1586421855928535

    APA Style (7th edition)

  • Torpey, John. The Influence of Regulatory Oversight on Environmental, Social, and Governance Ratings. 2020. Franklin University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=frank1586421855928535.

    MLA Style (8th edition)

  • Torpey, John. "The Influence of Regulatory Oversight on Environmental, Social, and Governance Ratings." Doctoral dissertation, Franklin University, 2020. http://rave.ohiolink.edu/etdc/view?acc_num=frank1586421855928535

    Chicago Manual of Style (17th edition)

frank1586421855928535
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© 2020, all rights reserved.
This open access ETD is published by Franklin University and OhioLINK.