ESG Rating Agencies and Financial Regulation: A Signalling Theory Approach by Da

Description: ESG Rating Agencies and Financial Regulation by Daniel Cash ESG Rating Agencies and Financial Regulation presents an essential and nuanced understanding of rating agencies through the utilisation of signalling theory. Daniel Cash provides fresh insight on the role of ESG rating agencies in the financial market and explores the relationship between ESG and modern business practices to explain the continued drive for effective ESG rating agencies. This cutting-edge book offers analyses of the latest regulatory endeavours involving ESG ratings while acknowledging the pitfalls of such agencies, including a lack of transparency and variant stakeholder preferences. Through the application of signalling theory, Cash concludes that while credit ratings agencies continue to prevail due to the sense of trust provided by the involvement of third parties in financial transactions, the same is not yet true of ESG rating agencies. Cash demonstrates that for these agencies to be truly efficient they must operate as an oligopoly, an approach that may seem uncomfortable to many. The book provides an up-to-date investigation of why a natural oligopoly is desired in the ESG rating space and summarises the consequences of this for both investors and regulators. Academics and students of financial law, economics, and financial sustainability will find this book to be an invaluable resource. Due to its practical implications, the book will additionally benefit sustainability-concerned regulators. FORMAT Hardcover CONDITION Brand New Author Biography Daniel Cash, Reader in Law, Aston Law School, Aston University, UK Table of Contents Contents:Foreword1 Introduction to ESG Rating Agencies and Financial Regulation2 Liability in the credit rating space3 The relationship between ESG and the law4 The ESG rating sector5 Systemic signalling: The application of signalling theory to the ESG rating space6 Conclusion to ESG Rating Agencies and Financial Regulation Review This is an important work that provides an insightful analysis of the ESG rating subject and its regulation. The book guides the reader through the peculiarities, growth and challenges of the ESG rating sector. A must read for experts in the field and a valuable addition to the sustainable finance literature. -- Francesco De Pascalis, Brunel University London, UKCredit rating agencies have taken criticism for misrepresenting risk, especially in relation to the 2008 global financial crisis. ESG ratings agencies have also occasionally underdelivered on their aim of providing useful information to investors. With issues such as climate change becoming front and center, it is refreshing to see this book emerge from Daniel Cash, one of the more thoughtful writers working on the connection between ESG and rating agencies. -- Cary Krosinsky, Brown University, US Details ISBN1035315041 Author Daniel Cash Publisher Edward Elgar Publishing Ltd Year 2024 ISBN-13 9781035315048 Format Hardcover Imprint Edward Elgar Publishing Ltd Subtitle A Signalling Theory Approach Place of Publication Cheltenham Country of Publication United Kingdom Audience Professional & Vocational DEWEY 346.066 Pages 168 Publication Date 2024-02-23 UK Release Date 2024-02-23 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:161862716;

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