The role of ESG rating divergence and independent directors in predicting future stock price crash risk [PDF]
Seonmul yeonguThis study investigates the impact of ESG rating disagreements on stock performance in the Chinese A-share market, focusing on immediate and short-term market reactions and the risk of future stock price crashes. Using data from the Shanghai and Shenzhen
Han Sun +3 more
doaj +3 more sources
The information environment and ecological environment perspectives: Capital market openness and firm ESG rating divergence [PDF]
Research in International Business and FinanceAmid increasing demands for green economic growth, firms must adapt their business models and development strategies. However, most of the studies on this topic focus on examining the economic consequences of differences in firms’ environmental, social ...
Zhennan Sun, Qunyang Du, Anna Min Du
exaly +3 more sources
ESG Information Conflict and Corporate Resilience: The Evidence of ESG Rating Divergence
SAGE OpenWe explore the role of ESG rating divergence (ESGRD) in the sustainable development of firms from the perspective of organizational resilience. Using Chinese ESG ratings and listed firm data, we examine the impact of ESGRD on firm resilience and find ...
Xin Liu
doaj +2 more sources
ESG rating divergence and financing constraints: Evidence from China
Journal of Environmental ManagementIn the context of the escalating global environmental, social, and governance (ESG) risks, ESG performance has increasingly become a crucial reference for companies when formulating business strategies. This paper, drawing on the information asymmetry and signaling theories, delves into the impact of divergences in ESG ratings among various ...
Minglin Wang, Si Tan
exaly +3 more sources
Research on the impact of the ESG rating divergence of manufacturing firms on carbon emission intensity [PDF]
PLoS ONEJialu Deng +4 more
doaj +2 more sources
The Journal of Portfolio Management, 2020 Responsible investors require data to underpin their stock and sector selections. Regardless of the rating agency, bond ratings for a particular issuer are broadly similar. This is not the case for ESG ratings. Companies with a high score from one rater often receive a middling or low score from another rater.
Dimson, E, Marsh, P, Staunton, M
openaire +1 more source
ESG scores - Is it the new way to build a European portfolio? [PDF]
, 2022 The study makes a comparison between the performance of equity portfolios characterized by high ESG score stocks and portfolios with low ESG score stocks.
Alessia D'Imperio +2 more
core +1 more source
Corporate social responsibility and stock price crash risk [PDF]
, 2014 This study investigates whether corporate social responsibility (CSR) mitigates or contributes to stock price crash risk. Crash risk, defined as the conditional skewness of return distribution, captures asymmetry in risk and is important for investment ...
Kim, Yongtae, Li, Haidan, Li, Siqi
core +2 more sources
Sustainable Investing and ESG Rating Divergence: A Literature Review [PDF]
, 2023 Purpose – As incorporation of ESG factors in investment-decisions are becoming increasingly popular, the amount of academic research in this area is also expanding amongst numerous dimensions. One line of inquiry is the relationship between corporate ESG-
Aanestad, Marthe, Hamre, Aleksander G.
core
CSR related management practices and Firm Performance: An Empirical Analysis of the Quantity-Quality Trade-off on French Data [PDF]
, 2014 This paper analyzes how different combinations of Corporate Social Responsibility (CSR) dimensions affect corporate economic performance. We use various dimensions of CSR to examine whether firms rely on different combinations of CSR, in terms of quality
Crifo, Patricia +2 more
core +5 more sources