Factors of ESG ratings assigned to commercial banks – the cultural and credit risk dimensions
Paweł Niedziółka,
Michał Bernardelli,
Zbigniew Korzeb
Abstract:The purpose of the study was to examine the impact of cultural differences and credit ratings on the ESG (Environmental, Social, and Governance) scores assigned to commercial banks. The analysis was performed using ordered logistic regression. The Akaike information criterion (AIC) and the statistical significance of the explanatory variables were used as the method of comparing the models. Count R2 and adjusted count R2 were chosen as the measure of goodness of fit, but a non-diagonal element analysis of the … Show more
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