Hi dear,
I read in a paper this one "a one standard deviation increase in change in ESG Combined Score leads to a reduction of 1.4% of a standard deviation in ∆CoVaR"
I do not understand as it is calculated the reduction of 1.4% of standard devation in ∆CoVaR.
The paper is at the following link.
Thanks a lot!
I read in a paper this one "a one standard deviation increase in change in ESG Combined Score leads to a reduction of 1.4% of a standard deviation in ∆CoVaR"
I do not understand as it is calculated the reduction of 1.4% of standard devation in ∆CoVaR.
The paper is at the following link.
Thanks a lot!
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