All researchView paper: ESG risks and corporate viability: Insights from default probability term structure analysis (opens in a new tab or window)
Banca d’Italia 2024 Working paper
ESG risks and corporate viability: Insights from default probability term structure analysis
Fabrizio Ferriani and Marcello Pericoli
Ferriani, F. & Pericoli, M., “ESG risks and corporate viability: Insights from default probability term structure analysis,” Questioni di Economia e Finanza 892, Banca d’Italia (2024).
Corporate attention to ESG
The study uses NL Analytics to measure firm-level attention to ESG topics in earnings calls. This attention measure supports the 2024 working paper’s empirical extensions examining corporate credit risk; the main ESG ratings and default-probability data come from other sources.