---
title: ESG Ratings and Financing Decisions
url: https://www.ml-quant.com/papers/ssrn/4867910/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4867910
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4867910
featured: 2024-06-20
citations: unknown
topic: Other
---


# ESG Ratings and Financing Decisions

Higher ESG scores correlate with increased equity issuance and reduced net debt issuance, but do not affect capital expenditures or noncash asset accumulation, indicating ESG ratings do not impact investment choices.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4867910
- Identifier: SSRN 4867910
- Released: 2024-05-31
- First featured: Quant Letter No. 54 (2024-06-20): https://www.ml-quant.com/issues/2024-06-20/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Other

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