根据书中C7的这部分内容，CDS是干什么的？有什么future impact？
It is possible to see the impact in the credit default swap (CDS) market as well as on a single issuer basis, for instance, with Volkswagen and emissions testing.36 This would be an argument for the impact an ESG event can have on CDS.
However, the timing of subsequent CDS does not perfectly correspond to when all the information was first released. The lag in timing might suggest ine!icient markets or the lagged delays that market participants have in assessing material ESG information into CDS prices.
