The analysis shows that ESG certification lowers a firm's cost of capital, while Tobin's Q increases significantly. These findings, while consistent with existing studies in developed economies, demonstrate the value enhancement from corporate social responsibility disclosure by firms in emerging and ...
ESG certificationPrice efficiencyThe Chinese stock marketThis paper investigates the impact of ESG certification on the pricing efficiency in Chinese listed firms and examines the internal mechanism of this impact. Empirical findings identify that stocks included in the ESG lists have relatively better ...
Furthermore, as executive ESG compensation is being increasingly integrated into compensation packages, we sought to determine whether such compensation moderates the relationship between aggressive ESG engagement and firm risk. Executive ESG compensation has recently been intensively debated in academic and ...
(2)Environmental consequences: Additionally, we examine the impact of managerial ability (MA) on environmental, social, and governance (ESG) performance. Using the Huazheng ESG ratingFootnote6, where ratings from AAA to C are assigned values from 9 to 1, we analyse how MA influences a firm’s...
(Huang et al.2022; Mbanyele et al.2022). Moreover, the government certification function of green bonds could produce a signal effect, drawing increasing attention of external stakeholders (e.g., institutional investors, securities analysts, and news media) to enterprise business activities and ...
One interesting aspect is that while environmental regulation is limited to apply within a jurisdiction,34 the taxonomy for investments could be, in principle, extended to firms outside of the jurisdiction (e.g., a European ESG fund could subsidize a Chinese firm). Moreover, while our ...
Does ESG certification add firm value? Financ. Res Lett. 2021, 39, 101593. [Google Scholar] [CrossRef] Mohamad, N.E.A.B. Do Environmental, Social, and Governance Practices (ESG) Signify Firm Value? Evidence from FTSE4Good Bursa Malaysia (F4GBM). Glob. Bus. Manag. Res. 2020, 12, ...
We contribute to the existing literature in the following areas: (1) we add to the literature by exploring the economic consequences of ESG performance. Existing literature pays more attention to the influence of ESG on financial performance, a firm’s value, and stock value, while few studies...
SESG SESH SESHA SESI SESIA SESIAHS SESIH SESIP SESIR SESIS SESJ SESK SESL SESLA SESLAT SESLL SESLs SESM SESMA SESME SESMO SESN SESNA SESO SESOC SESOIL SESOIL4 SESOL SESOM SESOPS ▼ Complete English Grammar Rules is now available in paperback and eBook formats. ...
Determinants of sustainability reporting and its impact on firm value: Evidence from the emerging market of Turkey. J. Clean. Prod. 2017, 143, 27–39. [Google Scholar] [CrossRef] Wagner, M.; Phu, N.V.; Azomahou, T.; Wehrmeyer, W. The influence of ISO 14001 and EMAS certification ...