ESG rating divergence, information disclosure, and stock price volatility: evidence from Chinese listed companies

被引：0
|
作者：
Li, Chengming [1 ]
Lai, Shuhao [1 ]
机构：
[1] Minzu Univ China, Sch Econ, 27 Zhongguancun South St, Beijing 100081, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
基金：
中国博士后科学基金; 中国国家自然科学基金;
关键词：
ESG rating divergence; stock price volatility; information disclosure; listed companies;
D O I：
10.1080/13504851.2024.2365327
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study utilizes ESG rating data from nine rating agencies covering Chinese A-share listed companies from 2006 to 2022 to construct a more rational measurement of ESG rating divergence and examines its impact on stock price volatility. The results indicate that excessive ESG divergence worsens stock price volatility, but this linkage between divergence and volatility is mitigated when corporate information disclosure compliance improves.
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收藏
页数：6
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