Bonacorsi, Laura; Cerasi, Vittoria; Galfrascoli, Paola; … - 2022
We study the relationship between the risk of default and Environmental, Social and Governance (ESG) factors using … Supervised Machine Learning (SML) techniques on a crosssection of European listed companies. Our proxy for credit risk is the z … second stage, we measure the impact of the selected variables on the risk of default. Our approach provides a novel …