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Analysts by mbmmjwbxdv is a document available to read on EtoBox.
This study examines how financial analysts incorporate ESG (Environmental, Social, Governance) risks into their stock recommendations, EPS forecasts, and target prices using a dataset of negative ESG incidents. The findings indicate that analysts adjust both future cash flow expectations and discount rates in response to ESG risks, particularly for financially material incidents. Overall, the results suggest that analysts effectively integrate ESG risks into their analyses, reflecting their significance in
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