{"id":7262,"date":"2023-01-06T14:16:38","date_gmt":"2023-01-06T13:16:38","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/"},"modified":"2024-02-22T09:36:52","modified_gmt":"2024-02-22T08:36:52","slug":"df-lunch-seminar-professor-joel-shapiro-university-of-oxford","status":"publish","type":"events","link":"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/","title":{"rendered":"DF Lunch Seminar, Professor Joel Shapiro, 成人头条versity of Oxford"},"content":{"rendered":"\n<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>The boom in ESG investing has created a demand for information. ESG raters have stepped up to fill this gap, but are under scrutiny for inaccurate ratings. This inaccuracy is often measured by the divergence (low correlation) of ratings. We provide a model of ESG ratings competition, where raters provide information about multiple (unrelated) subcategories and set fees. The social optimum may be for the raters to specialize in different subcategories, while the competitive outcome may be for them to generalize among subcategories. Generalizing increases their stand-alone value and, hence, their pricing power. We also demonstrate that specialization maximizes divergence among ratings. Hence, divergence may be a poor measure of welfare.<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":47,"featured_media":7263,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"event_start_date":"2022-11-17 12:15:00","event_end_date":"2022-11-17 13:30:00","event_speaker_name":"Professor Joel Shapiro","event_speaker_link":"","event_is_online":false,"event_location":"Building F, room F2.13, 2nd floor","event_street":"成人头条 6 Rue Richard Coudenhove-Kalergi","event_location_link":"","event_zip_code":"1359","event_city":"Luxembourg","event_country":"LU"},"events-topic":[301],"events-type":[],"organisation":[116],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DF Lunch Seminar, Professor Joel Shapiro, 成人头条versity of Oxford - FDEF events I 成人头条.lu<\/title>\n<meta name=\"description\" content=\"Abstract: The boom in ESG investing has created a demand for information. ESG raters have stepped up to fill this gap, but are under scrutiny for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DF Lunch Seminar, Professor Joel Shapiro, 成人头条versity of Oxford\" \/>\n<meta property=\"og:description\" content=\"Abstract: The boom in ESG investing has created a demand for information. ESG raters have stepped up to fill this gap, but are under scrutiny for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/\" \/>\n<meta property=\"og:site_name\" content=\"FDEF EN\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/uni.FDEF.lu\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-22T08:36:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2023\/01\/default-14.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/\",\"url\":\"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/\",\"name\":\"DF Lunch Seminar, Professor Joel Shapiro, 成人头条versity of Oxford - FDEF events I 成人头条.lu\",\"isPartOf\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.uni.lu\/fdef-en\/events\/df-lunch-seminar-professor-joel-shapiro-university-of-oxford\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2023\/01\/default-14.jpg\",\"datePublished\":\"2023-01-06T13:16:38+00:00\",\"dateModified\":\"2024-02-22T08:36:52+00:00\",\"description\":\"Abstract: The boom in ESG investing has created a demand for information. 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