Quality (philosophy)

Quantum mechanics

Linguistics

Philosophy

Actuarial science

Construct (python library)

Convergence (economics)

Accounting

Agreement

Developmental psychology

Economics

Power (physics)

Computer science

Psychometrics

Business

Corporate governance

Physics

Construct validity

Psychology

Political science

Rating scale

Epistemology

Econometrics

Reliability (semiconductor)

Programming language

Economic growth

Clinical psychology

Finance

Inter-rater reliability

Accounting and Finance

Measurement quality of environmental, social, and governance (ESG) rating is important, considering the increasing interest in socially responsible investment. This paper examines the measurement quality of four ESG ratings. Comprehensive analysis of the ratings, including its dimensionality, reliability, and validity suggests that they have significantly different measurement construct and measurement concerns, despite some commonalities. This study also presents a novel approach to examine the convergence of ESG ratings by assessing the level of agreement. The results of interrater reliability analysis suggest that while the agreement between ESG scores is low, there is evidence of a low to moderate agreement of ESG rankings.

Measurement concerns and agreement of environmental social governance ratings