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荒诞的肉丸 · 2024年03月23日

请解释一下这道题

NO.PZ2024021802000049

问题如下:

High correlations between ESG ratings of issuers by different ESG rating providers would most likely lead to:

选项:

A.groupthink among investors, only. B.a lack of credibility for ESG ratings as a discipline, only. C.both groupthink among investors and a lack of credibility for ESG ratings as a discipline.

解释:

A. Correct because high correlations could lead to groupthink and a lack of rigorous thinking.

B. Incorrect because simplicity and strong correlation could bring credibility (not a lack of credibility) to ESG ratings as a discipline and give more consistent messages to companies.

C. Incorrect because high correlations could lead to groupthink and a lack of rigorous thinking. However, simplicity and strong correlation could bring credibility (not a lack of credibility) to ESG ratings as a discipline and give more consistent messages to companies.

题干问的是机构和发行人之间的高度相关联会导致什么问题对么?答案又为什么是A,不是A和B,感觉太绝对了

1 个答案

Tina_品职助教 · 2024年03月24日

嗨,爱思考的PZer你好:


选项B:“a lack of credibility for ESG ratings as a discipline, only.” 意味着,如果评级之间相关性很高,人们可能会质疑ESG评级的独立性和严谨性,认为它们没有提供足够的区分度或深度分析,这样可能会对整个ESG评级领域的可信度造成负面影响。


这个是不能这样推导的。比如当前的信用评级,就逐渐成熟,而且评级之间相关性很高,不能说信用评级就缺乏独立性和严谨性。

只能说这种结果,会导致大家做出相似的绝对,更可能形成群体思维。

相当于B是去找相关性高的归因,这个归因是无根据的。

而A是相关性高可能导致的结果,这个结果是可以分析的。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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