The rating upgrades had a more expressive impact on the returns than the rating downgrades. This is evidence that the improvement in the quality of ESG practices causes an appreciation in the stock prices. However, both results lose significance when we utilize the generalized metho...
The vector Controlsi stacks a series of control variables that account for the impact of firm characteristics on the stock price. Details of these variables are described in the section “ESG performance (ESG)”. We also include province-fixed effects to control for unobservable regional ...
Research on the Impact of ESG Performance on Stock Price Changes of Listed Companies Jun Tao School of Management, Shanghai University of Engineering Science, Shanghai Received: Aug. 7th , 2023; accepted: Oct. 4th , 2023; published: Oct. 12th , 2023 Abstract ESG concepts are highly ...
ESG表现ꎻ 股价崩盘风险ꎻ 内部控制ꎻ 产品市场竞争ꎻ 分析师关注度 - - - 中图分类号: F272ꎻ F2766ꎻ F8325 文献标识码: A 文章编号: 2096 4315 (2023) 01 0078 17 The Impact of Corporate ESG Performance on Stock Price Crash Risk —Based on the Perspective of Internal Control - -...
Environmental, social and governance (ESG) has emerged over the past two decades as a crucial ethical construct in modern economies. This paper selects ESG rating of A-share listed companies from 2020 to 2021 to explore the impact of ESG performance on stock price fluctuation, and further study...
News-based ESG sentiment and stock price crash risk[J]. International Review of Financial Analysis, 2023, 88: 102646. 你需要知道的事儿: 作者使用的什么数据?怎么构建的 sentiment index 来测度 public opinion (for listed firms)。 主要的研究逻辑是什么(假设是怎么提出来的)。 怎么做的异质性,稳健...
impact of enterprise ESG performance on the stock price crash risk to investigate the impact of ESG performance on thestock price crash risk. The results of ESG research show that the stock price crash risk will increase, which...
The duality of ESG: Impact of ratings and disagreement on stock crash risk in China ESG ratings discord significantly across different rating agencies.Higher ESG rating is associated with lower stock price crash risk.ESG disagreement dilut... D Luo,J Yan,Q Yan - 《Finance Research Letters》 ...
Societe Generale looked at the impact of "high ESG controversy" events on stock performance, and found that two thirds of the time shares underperformed the broader market by an average of 12% over the subsequent 2 years. "A controversy event will halt the rise in a stock price, and for ...
本文为《英国会计评论》(The British Accounting Review)的高引学术论文The Effects of Environment, Social and Governance Disclosures and Performance on Firm Value: A Review of the Literature in Accounting and Finance翻译,回顾了ESG领域主要的研究内容、方法、结论等,为今后的ESG研究指明了方向,仅供学习交流参考...