Evaluation of ESG Ratings for Chinese Listed Companies From the Perspective of Stock Price Crash Risk

Li, Sicheng; Peng, Yin; Liu, Shuai

doi:10.3389/fenvs.2022.933639

Cited by 17 publications

(10 citation statements)

References 36 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Additionally, better ESG evaluation results of listed companies by Bloomberg and MSCI correlate with a lower stock price crash risk [19]. In other words, these companies are less impacted by negative ESG news.…”

Section: Handmmentioning

confidence: 89%

“…For example, European investors care more about bad news, while their American counterparts care more about good news. Furthermore, Capelle-Blancard and Petit [11] and Li [19] conclude that firms with good ESG reputation are less susceptible to ESG news, while de Vincentiis [2] holds that this kind of firms shows enhanced impact of ESG news.…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

See 1 more Smart Citation

An Event Study of the Impact of Negative ESG News on Stock Returns

Mu¹,

Shi²

2023

Atlantis Highlights in Computer Sciences

View full text Add to dashboard Cite

Environmental, social and governance (ESG) has undergone heated discussion in recent years as the world is becoming more and more conscious about the impact of climate change and the urgent need to address this problem. ESG has profound effects on many sectors; the financial industry is particularly affected by it. The development of data analysis software enables this research to examine the relationship between negative ESG news and stock return. Applying the event study methodology, we analysed how stock returns of H&M, Tagen Group, Amazon, and Volkswagen reacted to different ESG news by using Stata to do simple linear regression analysis and establish the model. The preliminary results show that some stocks react significantly to negative ESG news, but some do not. One possible implication of this is that the extent to which negative ESG news influences stock return depends on many factors, such as company capitalisation, industry, and geographical location.

show abstract

Section: Handmmentioning

confidence: 89%

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

An Event Study of the Impact of Negative ESG News on Stock Returns

Mu¹,

Shi²

2023

Atlantis Highlights in Computer Sciences

View full text Add to dashboard Cite

show abstract

“…Yi-jun et al (2021) explored the process by which ESG improves corporate performance in terms of corporate innovation, laying the groundwork for the development of this concept. According to Li et al (2022), the expansion of China's ESG system has encouraged enterprises to pay more attention to environmental performance, social responsibility, and corporate governance. According to Haobing Hu and Ke Ding (2023), corporate CEOs with green backgrounds may raise corporate ESG transparency to some extent, as well as improve business financial and environmental performance by encouraging green innovation.…”

Section: Ceo Gender + Esgmentioning

confidence: 99%

CEO Power and Environmental, Social, Governance (ESG): A Systematic Review

Fu,

Indiran,

Kohar

2024

IJARBSS

View full text Add to dashboard Cite

Objectives: Researchers have increasingly underlined the importance of environmental, social, and governance (ESG) performance in corporate sustainability. This article explores trends and findings in the academic literature on CEO power as a driver of ESG performance based on the publication period and research standpoint. This paper reviews and summarizes 120 pieces of literature on the relationship between CEO power and ESG performance, and it presents research suggestions. Research Design and Methods:The research approach was built on a comprehensive review of the literature. In three processes, relevant articles are discovered and categorized. These samples are then reviewed and interpreted in order to illustrate the concepts of CEO and ESG performance and ESG disclosure, and recommendations for more research are made as a consequence. Findings: Many contemporary businesses do poorly in terms of ESG. CEOs must handle these concerns while maintaining corporate objectives and stakeholder trust. CEOs are essential to corporate governance because they safeguard shareholders while also improving performance. A chief executive officer may serve as both chairman and CEO at the same time. On this subject, the literature is split. More women and foreign CEOs increase ESG performance and disclosures, but their numbers may not be enough. The majority of academics agree. Some studies say that a CEO's dual function raises institutional frictions and impedes ESG transformation, while others believe that expediting board decision implementation reduces the CEO's power and aids ESG transition. CEO training and competencies prepare for this. Finally, CEOs are acquiring authority, which might help to build environmental and social policies. Contribution and added value: By exploring the effect of key CEO power on organizations' ESG performance and disclosure quality, this paper contributes to the ESG performance literature and broadens the subject of future research. Furthermore, the report outlines some unresolved research challenges for further investigation.

show abstract

“…Recent studies agree that ESG disclosure increases corporate transparency and hence improves capital investment efficiency by mitigating under-and over-investment problems [8,104]. In addition, there is greater interest in examining the impact of ESG disclosure on ESG ratings [105][106][107][108].…”

Section: Current Topics and Recommendations For Future Researchmentioning

confidence: 99%

Bibliometric analysis and systematic review of environmental, social, and governance disclosure papers: current topics and recommendations for future research

Ellili

2022

Environ. Res. Commun.

View full text Add to dashboard Cite

This study analyzes the literature on environmental, social, and governance (ESG) disclosure by applying a bibliometric analysis of documents published in the Scopus database. Bibliometric analysis allows researchers to highlight the theoretical foundations of a specific research field, identify the main findings of previous studies, and determine future research ideas. This analysis was based on bibliometric authors’ citation analysis, bibliometric papers’ co-citation analysis, bibliometric references’ co-citation analysis, bibliometric journals’ co-citation analysis, co-occurrence keywords cartography analysis, trend and evolution analyses of ESG disclosure publications over the years, and qualitative content analysis. This study reviews 161 documents on ESG disclosure published in the Scopus database. Bibliometric analysis was conducted using VOSviewer, evolution analysis was performed using CiteSpace, and content analysis was performed using Wordstat. The study identified four major clusters: corporate social responsibility, corporate strategy, financial performance, and environmental economics. It also highlights the increasing number of citations and documents related to ESG disclosures. In addition, the journal of “Business Strategy and the Environment” significantly contributes to the ESG disclosure research field in terms of number of papers and citations. Additionally, this study highlights various future research opportunities in this field. The findings of this study have practical implications for ESG disclosure, such as the impact of integrating ESG into a company’s business strategy on corporate and financial policies. This study is the only one to review key topics on ESG disclosure that can be largely used for ESG practices. This study provides an overview of how the literature on ESG disclosure has developed, as well as a summary of the most influential authors along with countries, organizations, and journal sources. This offers the opportunity for future research to focus on this topic.

show abstract

Evaluation of ESG Ratings for Chinese Listed Companies From the Perspective of Stock Price Crash Risk

Cited by 17 publications

References 36 publications

An Event Study of the Impact of Negative ESG News on Stock Returns

An Event Study of the Impact of Negative ESG News on Stock Returns

CEO Power and Environmental, Social, Governance (ESG): A Systematic Review

Bibliometric analysis and systematic review of environmental, social, and governance disclosure papers: current topics and recommendations for future research

Contact Info

Product

Resources

About