Lucie Gyönyörová
Current Organizations / Institutes
The organizations/institutes from the scholar's latest article
Research Subjects
Research Interests
Lucie Gyönyörová has a total of 2 co-authors. Here are the top co-authors by number of shared publications:
Daniel Stašek
Faculty of Economics and Administration, Institute of Financial Complex Systems, Masaryk University, Brno, Czech Republic
1 shared publicationMartin Stachoň
Faculty of Economics and Administration, Institute of Financial Complex Systems, Masaryk University, Brno, Czech Republic
1 shared publication
Latest Publications
- 10 May 2021
- Published by Taylor & Francis in Journal of Sustainable Finance & Investment
- Vol. 13 (2) , 1075-1109
ESG ratings: relevant information or misleading clue? Evidence from the S&P Global 1200
Environmental, social, and corporate governance (ESG) scores are frequently involved in investment-related decision-making, e.g. for red-flagging or to manage risks. The increasing interest in ESG data raises the question about their validity from various sources. Therefore, we explore the consistency and convergent validity of the well recognized ESG data providers. Exploratory factor analysis of S&P Global 1200 index demonstrates considerable uncertainty across extracted latent factors. Further factor analyses show that the consistency and convergent validity across ESG data significantly depend on the industry type and the country of domicile. These findings are supported by confirmatory factor analyses. Thus, the stakeholders are encouraged to incorporate the company sector and domicile aspects into their decisions. Otherwise, naive use of primary ESG scores may provide a misleading clue.
- 10 May 2021
- Published by Taylor & Francis in Journal of Sustainable Finance & Investment
- Vol. 13 (2) , 1075-1109
ESG ratings: relevant information or misleading clue? Evidence from the S&P Global 1200
Environmental, social, and corporate governance (ESG) scores are frequently involved in investment-related decision-making, e.g. for red-flagging or to manage risks. The increasing interest in ESG data raises the question about their validity from various sources. Therefore, we explore the consistency and convergent validity of the well recognized ESG data providers. Exploratory factor analysis of S&P Global 1200 index demonstrates considerable uncertainty across extracted latent factors. Further factor analyses show that the consistency and convergent validity across ESG data significantly depend on the industry type and the country of domicile. These findings are supported by confirmatory factor analyses. Thus, the stakeholders are encouraged to incorporate the company sector and domicile aspects into their decisions. Otherwise, naive use of primary ESG scores may provide a misleading clue.