ESG rating disagreement, external attention and stock return: Evidence from China

被引：7
|
作者：
Tan, Ruipeng [1 ]
Pan, Lulu [2 ]
机构：
[1] Hefei Univ Technol, Sch Econ, Hefei, Anhui, Peoples R China
[2] Hong Kong Polytech Univ, Dept Bldg & Real Estate, Hong Kong, Peoples R China
来源：
ECONOMICS LETTERS | 2023年 / 231卷
关键词：
ESG rating disagreement; Stock returns; Volatility; External attention;
D O I：
10.1016/j.econlet.2023.111268
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using a comprehensive dataset comprising various ratings on ESG performance of A-listed companies in China, we find that ESG rating disagreement exerts a significantly negative influence on both stock returns and volatility. External attention serves as a crucial moderating factor influencing the relationship.& COPY; 2023 Elsevier B.V. All rights reserved.
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