Environmental, social and governance performance and equity mispricing: Does embedded information mediation matter?

Yang, Zhonghai; Song, Pingting; Xu, Meng; Li, Yingmei

doi:10.1016/j.frl.2024.105922

Finance Research Letters

2024

DOI: 10.1016/j.frl.2024.105922

|View full text |Cite

Environmental, social and governance performance and equity mispricing: Does embedded information mediation matter?

Zhonghai Yang,

Pingting Song,

Meng Xu

et al.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2024

Publication Types

Select...

Article1

Relationship

Self Cite0

Independent1

Authors

Journals

Cited by 1 publication

References 66 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

Governance of Corporate Greenwashing through ESG Assurance

Bu,

Liu,

Zhang

et al. 2024

Systems

View full text Add to dashboard Cite

This study utilizes data from Chinese A-share listed companies from 2014 to 2022 to theoretically analyze and empirically test the governance effect of ESG assurance on corporate greenwashing behavior, as well as the role played by the legal environment and management shareholding in this context. The impacts of ownership and the governance mechanism of ESG assurance on corporate greenwashing behavior are also explored. This study employs text mining, OLS, PSM, IV-LIML, treatment effect models, feasible generalized least squares, placebo tests, bootstrap methods, etc., to conduct empirical analysis and conclude the following results: ESG assurance has a significant inhibitory effect on corporate greenwashing behavior, playing a crucial role in resource allocation, particularly in non-state-owned enterprises. The legal environment has a certain substitution effect on ESG assurance in inhibiting corporate greenwashing behavior, meaning that when the legal environment is weak, ESG assurance is more effective in curbing such behavior. Management shareholding also has a certain substitution effect on ESG assurance in inhibiting corporate greenwashing behavior, indicating that when management shareholding is low, ESG assurance is better at curbing such behavior. Further research reveals that corporate ESG performance plays a mediating role between ESG assurance and corporate greenwashing governance. This article provides policy references and empirical evidence for strengthening ESG assurance and enhancing corporate ESG performance and greenwashing governance to promote high-quality corporate development.

show abstract

Governance of Corporate Greenwashing through ESG Assurance

Bu,

Liu,

Zhang

et al. 2024

Systems

View full text Add to dashboard Cite

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Environmental, social and governance performance and equity mispricing: Does embedded information mediation matter?

Cited by 1 publication

References 66 publications

Governance of Corporate Greenwashing through ESG Assurance

Governance of Corporate Greenwashing through ESG Assurance

Contact Info

Product

Resources

About