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Sustainable investing with ESG rating uncertainty

Citations

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Cited by:

  1. Ghaemi Asl, Mahdi & Ben Jabeur, Sami & Hosseini, Seyedeh Sana & Tajmir Riahi, Hamed, 2024. "Fintech's impact on conventional and Islamic sustainable equities: Short- and long-term contributions of the digital financial ecosystem," Global Finance Journal, Elsevier, vol. 62(C).
  2. Fang, Mingyue & Nie, Huihua & Shen, Xinyi, 2023. "Can enterprise digitization improve ESG performance?," Economic Modelling, Elsevier, vol. 118(C).
  3. Wan, Guochao & Zhang, Weike & Li, Chao, 2024. "How does low-carbon city pilot policy catalyze companies toward ESG practices? Evidence from China," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 1593-1607.
  4. Misra, Shekhar & Mishra, Saurabh, 2026. "Environmental, social, and governance performances, media sentiments, and shareholder wealth," Journal of Business Research, Elsevier, vol. 203(C).
  5. Luo, Di & Farag, Hisham, 2024. "ESG and aggregate disagreement," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 92(C).
  6. Li, Yunzhong & Zhao, Yu & Ye, Chengfang & Li, Xiaofan & Tao, Yunqing, 2024. "ESG ratings and the cost of equity capital in China," Energy Economics, Elsevier, vol. 136(C).
  7. Tan, Ruipeng & Pan, Lulu, 2023. "ESG rating disagreement, external attention and stock return: Evidence from China," Economics Letters, Elsevier, vol. 231(C).
  8. Renxiang He & Hongtao Chen & Xiang Zhu, 2025. "Corporate hypocrisy and ESG rating divergence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(1), pages 1122-1146, January.
  9. Yang, Tongbin & Zhou, Bo, 2025. "Does transition finance policies persistently fuel green innovation in brown firms? Investigating the roles of ESG rating and bank connection," Pacific-Basin Finance Journal, Elsevier, vol. 90(C).
  10. Zhang, Xinyi & Khurram, Muhammad Usman & Moussa, Faten & Jiang, Yuexiang, 2025. "The role of voluntary environmental and social disclosure in mitigating ESG Rating divergence," Finance Research Letters, Elsevier, vol. 81(C).
  11. Xiaodong Teng & Kun-Shan Wu & Lopin Kuo & Bao-Guang Chang, 2023. "Investigating the double-edged sword effect of environmental, social and governance practices on corporate risk-taking in the high-tech industry," Oeconomia Copernicana, Institute of Economic Research, vol. 14(2), pages 511-549, June.
  12. Riccardo Rebonato & Dherminder Kainth & Lionel Melin, 2025. "The Impact of Physical Climate Risk on the Valuation of Global Equity Assets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(4), pages 857-894, April.
  13. Zhang, Jinlong & Qi, Fengyu & Wu, Mingyue, 2025. "Market-oriented environmental regulation and ESG rating divergence," Research in International Business and Finance, Elsevier, vol. 79(C).
  14. Wei, Yufen & Tang, Jinghua & He, Hongbo & Wu, Chanjun & Lin, Muyangzi & Xie, Haonan, 2025. "Customer concentration and corporate greenwashing," Research in International Business and Finance, Elsevier, vol. 79(C).
  15. Hou, Xiaojuan & Xie, Guanxia, 2024. "ESG divergence and corporate strategic green patenting," Finance Research Letters, Elsevier, vol. 67(PB).
  16. Shi, Daqian & Lu, Shan & Fang, Ziwei, 2024. "The effect of executive green human capital on greenwashing," Research in International Business and Finance, Elsevier, vol. 71(C).
  17. Shanshan Lyu & Mingzeng Yang & Qincheng Zhang, 2024. "Top Management Team Heterogeneity, Top Management Incentives, and ESG Performance: Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 16(18), pages 1-32, September.
  18. Zeng, Qingduo & Xu, Yang & Hao, Mengshu & Gao, Meiqi, 2025. "ESG rating disagreement, volatility, and stock returns," Finance Research Letters, Elsevier, vol. 72(C).
  19. Yan, Meilan & Li, Youwei & Pantelous, Athanasios A. & Vigne, Samuel A. & Zhang, Dalu, 2024. "A comparative and conceptual intellectual study of environmental topic in economic and finance," International Review of Financial Analysis, Elsevier, vol. 91(C).
  20. Yang Li & Tianye Zhao, 2024. "How Digital Transformation Enables Corporate Sustainability: Based on the Internal and External Efficiency Improvement Perspective," Sustainability, MDPI, vol. 16(12), pages 1-20, June.
  21. Xu, Danyang & Corbet, Shaen & Lang, Chunlin & Hu, Yang, 2024. "Understanding dynamic return connectedness and portfolio strategies among international sustainable exchange-traded funds," Economic Modelling, Elsevier, vol. 141(C).
  22. Zukun Tan, 2024. "Top Management Team Stability and Corporate Innovation Sustainability," Sustainability, MDPI, vol. 16(11), pages 1-27, May.
  23. Zhang, Dongyang, 2023. "Does green finance really inhibit extreme hypocritical ESG risk? A greenwashing perspective exploration," Energy Economics, Elsevier, vol. 121(C).
  24. Zhuang, Pengtao & He, Qing & Ju, Wangjing & Xia, Qin, 2025. "How do firms react to ESG news-based sentiment? A corporate risk-taking perspective," Research in International Business and Finance, Elsevier, vol. 78(C).
  25. Davide Lauria & Marco Bonomelli & Gabriele Torri & Rosella Giacometti, 2026. "Mean-CVaR portfolio optimization under ESG disagreement," Computational Management Science, Springer, vol. 23(1), pages 1-38, June.
  26. Massimo Postiglione & Cristian Carini & Alberto Falini, 2024. "ESG and firm value: A hybrid literature review on cost of capital implications from Scopus database," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(6), pages 6457-6480, November.
  27. Li Meiyi & Gan Yufei, 2025. "More Philanthropy, More Consistency? Examining the Impact of Corporate Charitable Donations on ESG Rating Uncertainty," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 19(1), pages 1-21.
  28. Chiara Mio & Marco Fasan & Francesco Scarpa & Antonio Costantini & Aoife Claire Fitzpatrick, 2025. "Unveiling the consequences of ESG rating disagreement: an empirical analysis of the impact on the cost of equity capital," Accounting in Europe, Taylor & Francis Journals, vol. 22(2), pages 177-200, May.
  29. Chen, Yufeng & Liu, Yi & Wang, Chuwen, 2025. "ESG rating divergence, investor responses, and managerial myopic behavior," Finance Research Letters, Elsevier, vol. 86(PD).
  30. Yang, Jinkun & Wang, Hai & Hou, Congcong & Fu, Shaozheng, 2025. "Governance or collusion? Shareholders' network and corporate ESG greenwashing," International Review of Financial Analysis, Elsevier, vol. 107(C).
  31. Azzone, Michele & Barucci, Emilio & Stocco, Davide, 2026. "Asset management with an ESG mandate," Journal of Banking & Finance, Elsevier, vol. 184(C).
  32. Chen, Hua & Wang, Zhuang, 2025. "Does ESG rating disagreement affect management tone manipulation?," International Review of Financial Analysis, Elsevier, vol. 101(C).
  33. Rabab Abouarab & Tapas Mishra & Simon Wolfe, 2025. "Spotting Portfolio Greenwashing in Environmental Funds," Journal of Business Ethics, Springer, vol. 197(4), pages 811-839, April.
  34. Danni Yu & Tiantian Meng & Minyu Zheng & Rongyi Ma, 2024. "ESG uncertainty, investor attention and stock price crash risk in China: evidence from PVAR model analysis," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
  35. Vassilios Babalos & Xolani Sibande & Elie Bouri & Rangan Gupta, 2025. "Do Investors in Clean Energy ETFs Herd? The Role of Climate Risks," Working Papers 202512, University of Pretoria, Department of Economics.
  36. Horky, Florian & Pasquali, Andrea & Magazzino, Cosimo, 2024. "ESG rating disagreement portfolios – Evidence from the EuroStoxx 600," Finance Research Letters, Elsevier, vol. 69(PA).
  37. Schoonjans, Eline, 2024. "From diversity to sustainability: Environmental and social spillover effects of board gender quotas," Journal of Economic Behavior & Organization, Elsevier, vol. 222(C), pages 314-331.
  38. Jiao Wang & Puja Sunil Pawar & Ibrahim Alnafrah & Asif Muzaffar, 2025. "Linking organizational dynamics to digital capabilities and ESG outcomes: a market-oriented approach," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-24, December.
  39. Abdulrahman Qadi & Akash Sharma & Francesca Medda, 2025. "From Binary Screens to Continuous Compliance: A Shariah Screening Measure for Portfolio Design," Papers 2512.22858, arXiv.org, revised Mar 2026.
  40. Kim, Daniel & Pouget, Sébastien, 2026. "Do carbon emissions affect the cost of capital? Primary versus secondary corporate bond markets," Journal of Corporate Finance, Elsevier, vol. 97(C).
  41. Long, Wen & Ma, Ruiqi & Guo, Man, 2025. "Information content and sentiment: the role of environmental disclosure in stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 104(PA).
  42. Ye CHEN & Xudong HUANG & Xiaomin LIU & Gang WU & Zenglin WU, 2025. "AI-Based Digitalization and ESG of Multinational Corporations," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 62-83, July.
  43. Müller, Lukas & Joubrel, Mathieu, 2025. "A novel approach to sustainable mean-variance portfolio optimization: Accounting for ESG-related uncertainty," Finance Research Letters, Elsevier, vol. 85(PC).
  44. Kong, Pengzhi & Cheng, Louis T.W. & Pan, Lulu & Shen, Jianfu & Yu, Qing, 2025. "Non-financial information uncertainty, firm growth, and market value during crisis: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
  45. Ahad, Muhammad & Imran, Zulfiqar Ali & Shahzad, Khurram, 2024. "Safe haven between European ESG and energy sector under Russian-Ukraine war: Role of sustainable investments for portfolio diversification," Energy Economics, Elsevier, vol. 138(C).
  46. Wang, Zhen & Tang, Pei, 2024. "Substantive digital innovation or symbolic digital innovation: Which type of digital innovation is more conducive to corporate ESG performance?," International Review of Economics & Finance, Elsevier, vol. 93(PB), pages 1212-1228.
  47. Ling, Aifan & Li, Jinlong & Zhang, Yugui, 2023. "Can firms with higher ESG ratings bear higher bank systemic tail risk spillover?—Evidence from Chinese A-share market," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
  48. Chen, Rongda & Wang, Maochuan & Yi, Yuyang & Gao, Yuanhao, 2026. "Democratizing corporate governance: How retail investors’ ESG attention reduces ESG-washing," International Review of Economics & Finance, Elsevier, vol. 105(C).
  49. Linan Wang & Rixin Li & Ruotong Zhao, 2025. "The Impact of Corporate ESG Performance on Regional Energy Efficiency in China from the Perspective of Green Development," Sustainability, MDPI, vol. 17(6), pages 1-22, March.
  50. Ming-Fang Lee & Kuang-Hsun Shih & Yi-Hsien Wang & Fu-Ming Lai, 2025. "Quantitative Analysis of ESG Information Value and Policy Uncertainty," Sustainability, MDPI, vol. 17(2), pages 1-16, January.
  51. Zhanli Li & Zichao Yang, 2024. "ESG Rating Disagreement and Corporate Total Factor Productivity:Inference and Prediction," Papers 2408.13895, arXiv.org, revised Mar 2025.
  52. Xu, Jinhua & Cai, Zhehui & Li, Xiaoxia, 2025. "Unveiling greenwashing trends: The curious effect of digital-driven M&As among listed Chinese firms," Research in International Business and Finance, Elsevier, vol. 80(C).
  53. Liu, Xiangqiang & Yang, Qingqing & Wei, Kai & Dai, Peng-Fei, 2024. "ESG rating disagreement and idiosyncratic return volatility: Evidence from China," Research in International Business and Finance, Elsevier, vol. 70(PB).
  54. Shen, Lin & Zhang, Wen & Ma, Dan, 2025. "ESG practices and financing constraints of Chinese high-carbon enterprises under carbon reduction pressure: The role of credit financing and corporate reputation," Economic Modelling, Elsevier, vol. 152(C).
  55. Li, Ruiqian & Tang, Xiaoxuan & Li, Muyao, 2025. "ESG-related comment letters and ESG rating disagreement," Economic Analysis and Policy, Elsevier, vol. 88(C), pages 947-970.
  56. Liu, Xiangqiang & Liu, Jiayi & Liu, Jia & Zhai, Qiong, 2024. "Can investor-firm interactions mitigate ESG rating divergence? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 96(PA).
  57. Li, Renzhong & Fei, Chen & Fei, Weiyin, 2025. "Impact of government’s support policy on decision-making of platform participants under ESG," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
  58. Xinyu Hao & Tingting Tian & Liang Dong & Christina W. Y. Wong & Kee-hung Lai, 2026. "Unmasking greenwashing in ESG disclosure: insights from evolutionary game analysis," Annals of Operations Research, Springer, vol. 356(1), pages 667-695, January.
  59. Aineas Mallios & Taylan Mavruk, 2025. "Do ESG funds engage in portfolio pumping to gain higher flows? An application of Benford's Law," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1540-1563, April.
  60. Wang, Chunxiao & Hao, Yu, 2026. "Can corporate good deeds reduce environmental injustice? Evidence from China," World Development, Elsevier, vol. 199(C).
  61. Liu, Lei & Wang, Hanlei & Chen, Si & Chen, Zhi, 2025. "Has the divergence in ESG ratings affected institutional shareholding?," Finance Research Letters, Elsevier, vol. 83(C).
  62. Tan, Juan & Zou, Xing-Yun & Zhang, Xin & Chang, Chun-Ping, 2025. "Does national ESG performance move together with climate warming?," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 19-29.
  63. Dunbar, Kwamie & Treku, Daniel & Sarnie, Robert & Hoover, Jack, 2023. "What does ESG risk premia tell us about mutual fund sustainability levels: A difference-in-differences analysis," Finance Research Letters, Elsevier, vol. 57(C).
  64. Liu, Yong-Jun & Yang, Guo-Sen & Zhang, Wei-Guo, 2024. "A novel regret-rejoice cross-efficiency approach for energy stock portfolio optimization," Omega, Elsevier, vol. 126(C).
  65. Tang, Ning & Chang, Hao-Wen & Lin, Chih-Yung & Lu, Chien-Lin, 2024. "Public's evaluation of ESG and credit default swap: Evidence from East Asian countries," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
  66. Berle, Erika & He, Wanwei (Angela) & Ødegaard, Bernt Arne, 2025. "The stock market and corporate consequences of ethical exclusions by the world’s largest fund," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 102(C).
  67. Zhang, Jining & He, Feng, 2024. "The end of ESG? Return spillover between ESG and non-ESG portfolios," Finance Research Letters, Elsevier, vol. 69(PA).
  68. Wang, Jianli & Wang, Shaolin & Dong, Minghua & Wang, Hongxia, 2024. "ESG rating disagreement and stock returns: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 91(C).
  69. Liu, Xiangqiang & Peng, Yuling & Li, Qinyang & Wu, Chu-Hua, 2025. "CEO pay structure and ESG rating disagreement," International Review of Financial Analysis, Elsevier, vol. 102(C).
  70. Yu, Xiaoling & Xiao, Kaitian & Xu, Tao, 2023. "Does ESG profile depicted in CSR reports affect stock returns? Evidence from China," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 627(C).
  71. Naseer, Mirza Muhammad & Guo, Yongsheng & Bagh, Tanveer & Zhu, Xiaoxian, 2024. "Sustainable investments in volatile times: Nexus of climate change risk, ESG practices, and market volatility," International Review of Financial Analysis, Elsevier, vol. 95(PB).
  72. Li, Jiaojiao & Zhang, Ying, 2025. "Does ESG rating divergence affect the disclosure behavior of key audit matters?," International Review of Economics & Finance, Elsevier, vol. 103(C).
  73. Chuting Zhang & Wei-Ling Hsu, 2025. "ESG Rating Divergence and Stock Price Crash Risk," IJFS, MDPI, vol. 13(3), pages 1-23, August.
  74. Zhu, Haobo & Pan, Hongyu & Wu, Zhen-Xing & Huang, Guan-Ying, 2025. "Green Factory Certification, information asymmetry, and stock liquidity," Finance Research Letters, Elsevier, vol. 85(PA).
  75. Deli Wang & Ke Peng & Kaiye Tang & Yewei Wu, 2022. "Does Fintech Development Enhance Corporate ESG Performance? Evidence from an Emerging Market," Sustainability, MDPI, vol. 14(24), pages 1-21, December.
  76. Liu, Lin & Liu, Liqun & Liu, Kai & Jiménez-Zarco, Ana Isabel, 2025. "Climate policy and corporate green transformation: Empirical evidence from carbon emission trading," Research in International Business and Finance, Elsevier, vol. 74(C).
  77. Cheng, Zhonghua & Su, Yang, 2024. "ESG and Chinese corporate OFDI," Research in International Business and Finance, Elsevier, vol. 72(PA).
  78. Vu, Thanh Nam & Junttila, Juha-Pekka & Lehkonen, Heikki, 2024. "ESG news and long-run stock returns," Finance Research Letters, Elsevier, vol. 60(C).
  79. Nguyen, Minh Nhat & Liu, Ruipeng & Li, Youwei, 2025. "Performance of energy ETFs and climate risks," Energy Economics, Elsevier, vol. 141(C).
  80. Li, Li & Zhang, Du & Li, Rongrong, 2024. "ESG rating disagreement and corporate innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 62(PA).
  81. Hao, Pu & Alharbi, Samar S. & Hunjra, Ahmed Imran & Zhao, Shikuan, 2025. "How do ESG ratings promote digital technology innovation?," International Review of Financial Analysis, Elsevier, vol. 97(C).
  82. Li, Kaixin & Zhang, Zhikai & Wang, Yudong & Zhang, Yaojie, 2024. "Forecasting crude oil returns with oil-related industry ESG indices," Journal of Commodity Markets, Elsevier, vol. 36(C).
  83. Xu, Liangguo & Lu, Xianglin & Zhang, Ziqing & Shu, Haicheng, 2025. "Green innovation, financialization, and ESG performance," International Review of Economics & Finance, Elsevier, vol. 102(C).
  84. Xin Su & Shengwen Wang & Feifei Li, 2023. "The Impact of Digital Transformation on ESG Performance Based on the Mediating Effect of Dynamic Capabilities," Sustainability, MDPI, vol. 15(18), pages 1-22, September.
  85. Khurram, Muhammad Usman & Abbassi, Wajih & Chen, Yifan & Chen, Lifeng, 2024. "Outward foreign investment performance, digital transformation, and ESG performance: Evidence from China," Global Finance Journal, Elsevier, vol. 60(C).
  86. Chiappari, Mattia & Scotti, Francesco & Flori, Andrea, 2026. "Energy commodity spillovers and herding behavior: Evidence from EU ETS-listed firms," International Review of Financial Analysis, Elsevier, vol. 109(C).
  87. Wang, Haijun & Jiao, Shuaipeng & Ge, Chen & Sun, Guanglin, 2024. "Corporate ESG rating divergence and excess stock returns," Energy Economics, Elsevier, vol. 129(C).
  88. Zhao, Panting & Yao, Xin & Shen, Rui, 2024. "Capital market internationalization and firms' ESG performance: Evidence from the inclusion of China A-shares in the MSCI Emerging Market Index," Energy Economics, Elsevier, vol. 133(C).
  89. Shanshan Wang & Shih‐Chih Chen & Mohd Helmi Ali & Ming‐Lang Tseng, 2024. "Nexus of environmental, social, and governance performance in China‐listed companies: Disclosure and green bond issuance," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 1647-1660, March.
  90. Yin, Pengfei & Li, Sicheng & Yue, Gabriel XG, 2026. "ESG rating adjustment disagreement and stock price synchronicity: Evidence from China," Research in International Business and Finance, Elsevier, vol. 83(C).
  91. Jiancheng Shen & Chen Chen & Zheng Liu, 2023. "Does environmental investment pay off?—portfolio analyses of the E in ESG during political conflicts and public health crises," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(S1), pages 107-131, December.
  92. Ryan G. Chacon & Zifeng Feng & Zhonghua Wu, 2025. "Does Investing in ESG Pay Off? Evidence from REITs," The Journal of Real Estate Finance and Economics, Springer, vol. 71(4), pages 587-614, November.
  93. DeLisle, R. Jared & Grant, Andrew & Mao, Ruiqi, 2024. "Does environmental and social performance affect pricing efficiency? Evidence from earnings conference call tones," Journal of Corporate Finance, Elsevier, vol. 86(C).
  94. Zhou, Zihan & Wang, Shaolin & Wang, Hongxia, 2025. "The performance of ESG portfolios: A stochastic dominance approach," Finance Research Letters, Elsevier, vol. 72(C).
  95. Paola Demartini & Claudia Pagliei, 2023. "Can we trust ESG Ratings? Some insights based on a bibliometric analysis of ESG data quality and rating reliability," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(2 Suppl.), pages 161-187.
  96. Ren, Hao, 2025. "ESG rating disagreement and corporate digital transformation," Finance Research Letters, Elsevier, vol. 75(C).
  97. Chu, Pengfei & Hou, Xiaojuan & Xie, Guanxia, 2025. "Political connections and bias in ESG news," Journal of Asian Economics, Elsevier, vol. 97(C).
  98. Yu, Haixu & Liang, Chuanyu & Liu, Zhaohua & Wang, He, 2023. "News-based ESG sentiment and stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 88(C).
  99. Yang, He, 2025. "The role of common ownership in shaping ESG rating uncertainty: A collaborative governance perspective across time horizons," International Review of Financial Analysis, Elsevier, vol. 102(C).
  100. Huang, Gan & Cheng, Juan & Zheng, Shengqi, 2025. "Do securities firms' shareholdings improve corporate ESG Performance? Evidence from China listed companies," Finance Research Letters, Elsevier, vol. 84(C).
  101. Hui-Lin Zhu & Ke-Zhi Yang, 2024. "The Spillover Effect of ESG Performance on Green Innovation—Evidence from Listed Companies in China A-Shares," Sustainability, MDPI, vol. 16(8), pages 1-31, April.
  102. Michele Azzone & Carlo Bechi & Gabriele Sbaiz, 2026. "Temperature Anomalies and Climate Physical Risk in Portfolio Construction," Papers 2604.11143, arXiv.org.
  103. Pástor, Ľuboš & Stambaugh, Robert F. & Taylor, Lucian A., 2022. "Dissecting green returns," Journal of Financial Economics, Elsevier, vol. 146(2), pages 403-424.
  104. Li, Zhanli & Yang, Zichao, 2025. "ESG rating disagreement and corporate Total Factor Productivity: Inference and prediction," Finance Research Letters, Elsevier, vol. 78(C).
  105. Habermann, Florian & Steindl, Tobias, 2025. "Stock market reactions to a sovereign wealth fund's broad-based public sustainability engagement: European evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 231(C).
  106. Meg Adachi-Sato & Hiroshi Osano, 2023. "Sustainable Investing Under Delegated Investment Management," Discussion Paper Series DP2023-01, Research Institute for Economics & Business Administration, Kobe University, revised Nov 2024.
  107. Jianzhi Wei & Xuesong He & Yawei Wu, 2025. "ESG Performance Empowers Financial Flexibility in Manufacturing Firms—Empirical Evidence from China," Sustainability, MDPI, vol. 17(3), pages 1-21, January.
  108. Daniel Kim & Sébastien Pouget, 2026. "Do carbon emissions affect the cost of capital?," Post-Print hal-05470890, HAL.
  109. Ge, Xiaowen & Xue, Minggao & Cao, Ruiyi, 2024. "Do Chinese carbon-intensive stocks overreact to climate transition risk? Evidence from the COP26 news," International Review of Financial Analysis, Elsevier, vol. 94(C).
  110. Cartellier, Fanny & Tankov, Peter & Zerbib, Olivier David, 2025. "Can investors curb greenwashing?," Journal of Economic Dynamics and Control, Elsevier, vol. 180(C).
  111. Zhang-Hangjian, Chen & Mengqing, Xu & Fei, Ren & Xiong, Xiong, 2025. "SDG performance and stock returns: Fresh insights from China," Journal of International Money and Finance, Elsevier, vol. 152(C).
  112. Tu, Qiang & Zuo, Limei & Liang, Anran & Yao, Ye & Liu, Diyi, 2025. "Does ESG rating divergence decrease enterprise productivity? Evidence from China," Research in International Business and Finance, Elsevier, vol. 77(PB).
  113. Daniel Garrett & Ivan T. Ivanov, 2023. "Gas Guns and Governments: Financial Costs of Anti-ESG Policies," Working Paper Series WP 2023-07, Federal Reserve Bank of Chicago.
  114. Minghua Dong & Miaomiao Li & Hongxia Wang & Yuanyuan Pang, 2025. "ESG Disagreement and Stock Price Crash Risk: Evidence from China," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 32(1), pages 267-299, March.
  115. Horn, Matthias & Oehler, Andreas, 2024. "Constructing stock portfolios by sorting on ESG ratings: Does the rating provider matter?," International Review of Financial Analysis, Elsevier, vol. 96(PA).
  116. Dong, Xinzhong & Wang, Ying, 2024. "Intellectual property, resource curse, and the path to sustainable investment in China," Resources Policy, Elsevier, vol. 97(C).
  117. Muck, Matthias & Schmidl, Thomas, 2024. "Comparing ESG score weighting approaches and stock performance differentiation," Finance Research Letters, Elsevier, vol. 67(PB).
  118. Li Ren & Yanping Cheng, 2024. "The Impact and Mechanism of ESG Performance on Corporate Continuous Innovation: Evidence from China," Sustainability, MDPI, vol. 16(17), pages 1-22, September.
  119. Wang Xueqing & Shi Yongdong & Wang Jianxiang & Wang Guiliang & Wei Zeshuai & Li Jingyi, 2025. "Does Corporate ESG Performance Enhance Sustained Green Innovation? Empirical Evidence from China," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 19(1), pages 1-18.
  120. Omid Sabbaghi, 2023. "ESG and volatility risk: International evidence," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 32(2), pages 802-818, April.
  121. Hasmik V. Khachatryan, 2022. "Divergence of ESG Ratings: Foreign Regulatory Trends," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 89-104, October.
  122. Salvatore Vergine, 2025. "How do investor preferences on ESG score influence portfolio management? A Markov model for simulating risk-return expectations," Annals of Operations Research, Springer, vol. 351(3), pages 2033-2057, August.
  123. Dahlström, Petter & Lööf, Hans & Sahamkhadam, Maziar & Stephan, Andreas & Lu, Emma Rui, 2023. "Science-based emission targets and risk-adjusted portfolio return: An analysis using global SBTi-validated stocks," Working Paper Series in Economics and Institutions of Innovation 492, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  124. Marius Banke & Stephanie Lenger & Christiane Pott, 2022. "ESG Ratings in the Corporate Reporting of DAX40 Companies in Germany: Effects on Market Participants," Sustainability, MDPI, vol. 14(15), pages 1-21, August.
  125. Feng, Han & Ma, Chaoqun & Chen, Yiqing & Mi, Xianhua, 2025. "Dance to government’s tune: Firms’ ESG information catering behaviors and government subsidies," Finance Research Letters, Elsevier, vol. 85(PD).
  126. Zou, Jin & Yan, Jingzhou & Deng, Guoying, 2023. "ESG rating confusion and bond spreads," Economic Modelling, Elsevier, vol. 129(C).
  127. Oehler, Andreas & Horn, Matthias, 2025. "Contemporaneous ESG ratings and idiosyncratic stock risk: Empirical evidence on measures of market consensus and dispersion," International Review of Economics & Finance, Elsevier, vol. 103(C).
  128. Yu Cao & Lan Tao & Yan Zhang, 2024. "Does environmental credit rating policy improve corporate ESG performance?," Sustainable Development, John Wiley & Sons, Ltd., vol. 32(5), pages 4329-4337, October.
  129. Jun Wan & Yuejia Wang & Yuan Wang, 2025. "Promoting or Hindering: The Impact of ESG Rating Differences on Energy Enterprises’ Green Transformation—A Causal Test from Double Machine-Learning Algorithms," Energies, MDPI, vol. 18(3), pages 1-21, January.
  130. Michele Azzone & Emilio Barucci & Davide Stocco, 2024. "Asset management with an ESG mandate," Papers 2403.11622, arXiv.org, revised Dec 2024.
  131. Kabderian Dreyer, Johannes & Smith, William, 2024. "Proportional warm-glow theory and asset pricing," Journal of Behavioral and Experimental Finance, Elsevier, vol. 41(C).
  132. Vu Le Tran & Guillaume Coqueret, 2023. "ESG news spillovers across the value chain," Post-Print hal-04325746, HAL.
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  263. Seungju Nam & Sejong Choi & Georgia Edell & Amartya De & Woon-Kyung Song, 2023. "Comparative Analysis of the Aviation Maintenance, Repair, and Overhaul (MRO) Industry in Northeast Asian Countries: A Suggestion for the Development of Korea’s MRO Industry," Sustainability, MDPI, vol. 15(2), pages 1-15, January.
  264. Zhu, Jialei & Xiong, Zhengde & Lu, Xinxin & Yao, Zhu, 2025. "Does ESG rating disagreement impede corporate green innovation?," Global Finance Journal, Elsevier, vol. 64(C).
  265. Teng, Huiyang & Zhang, Jiawei & Li, Xiaoshuo & Li, Bin, 2025. "ESG rating divergence and future corporate ESG performance: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 108(PB).
  266. Jingguo Zhang & Lianhai Ren, 2024. "A mean field game model of green economy," Digital Finance, Springer, vol. 6(4), pages 657-692, December.
  267. Luo, Deqing & Shan, Xun & Yan, Jingzhou & Yan, Qianhui, 2023. "Sustainable investment under ESG volatility and ambiguity," Economic Modelling, Elsevier, vol. 128(C).
  268. Liang, Haoye & Sun, Yanqi & Xu, Cheng & Xiong, Wanfang & Cai, Wei, 2024. "Unleashing stock volatility and its implications for stock crash risk: Evidence from China’s price limit policies," Research in International Business and Finance, Elsevier, vol. 71(C).
  269. Li Wang & Hongyu Yang, 2024. "Digital technology innovation and corporate ESG performance: evidence from China," Economic Change and Restructuring, Springer, vol. 57(6), pages 1-32, December.
  270. Huang, Huiling & Tian, Yixiang, 2026. "Pricing Green Bonds Under Externalities: How do market signals and government intervention affect project emission reduction and bond pricing?," Finance Research Letters, Elsevier, vol. 92(C).
  271. Enilov, Martin & Delantar, Edna & Parhi, Mamata, 2026. "The predictive effects of Fintech-ESG dynamic interdependence: A global perspective on Cleantech energy transition risk," Energy Economics, Elsevier, vol. 153(C).
  272. Minnetti, Francesco & Cuozzo, Benedetta & Di Nallo, Loris & Zaccarella, Pasquale, 2025. "Unlocking finance through sustainability: Evidence from Italian-listed companies," International Review of Economics & Finance, Elsevier, vol. 103(C).
  273. Daniel Zdolšek & Sabina Taškar Beloglavec, 2023. "Sustainability Reporting Ecosystem: A Once-in-a-Lifetime Overhaul during the COVID-19 Pandemic," Sustainability, MDPI, vol. 15(9), pages 1-22, April.
  274. Chen, An & Chen, Yusha & Nguyen, Thai & Uddin, Gazi Salah, 2025. "Goal-oriented preferences for green bonds: A model of sustainable investment strategies," Economic Modelling, Elsevier, vol. 150(C).
  275. Wanyan, Ruiyun & Zhao, Tongpu, 2025. "The dual path of fintech in alleviating ESG decoupling: A dynamic balance between short-term and long-term effects," Finance Research Letters, Elsevier, vol. 86(PB).
  276. Wen, Limin & Li, Junxue & Sheng, Jiliang & Zhang, Yi, 2025. "Active portfolio management in the face of ESG uncertainty: An agile framework for adaptive investment strategies," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
  277. Qian Ding & Jianbai Huang & Jinyu Chen & Ding Wang, 2025. "ESG peer effects and corporate financial distress: An executive social network perspective," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 2284-2310, July.
  278. Xiaohua Zhou & Yi Yang & Haitao Zhang, 2025. "The curvilinear effect of environmental, social, and governance performance on stock price crash risk in China," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 34(4), pages 1742-1767, October.
  279. Wang, Jianli & Xiao, Xiao & Dong, Minghua & Li, Jingyuan, 2025. "Does ESG rating disagreement discourage corporate green innovation? Evidence from China," Research in International Business and Finance, Elsevier, vol. 80(C).
  280. Chen, Zhongfei & Xie, Guanxia, 2022. "ESG disclosure and financial performance: Moderating role of ESG investors," International Review of Financial Analysis, Elsevier, vol. 83(C).
  281. Fei Qin & Mao Zhang, 2024. "The Impact of High-Tech Policies on Corporate ESG Performance: Evidence from China," Sustainability, MDPI, vol. 16(23), pages 1-25, November.
  282. Hendrik Weichel & Aleksandr Zinovev & Heikki Haario & Martin Simon, 2024. "Uncertainty Quantification in Portfolio Temperature Alignment," Papers 2412.14182, arXiv.org.
  283. Prodosh Eugene Simlai, 2025. "Non-Pecuniary Risk, ESG Ratings, and Expected Stock Returns," Sustainability, MDPI, vol. 17(16), pages 1-24, August.
  284. Avramov, Doron & Cheng, Si & Tarelli, Andrea, 2026. "Active fund management when ESG matters," Journal of Banking & Finance, Elsevier, vol. 182(C).
  285. Cao, Qilin & Ren, Qian & Wang, Wenke & Ren, Mengxi & Jia, Haochen, 2025. "Can readability of the ESG report alleviate rating divergence?," International Review of Financial Analysis, Elsevier, vol. 106(C).
  286. Mustafa Tevfik Kartal & Serpil Kılıç Depren & Ugur Korkut Pata & Dilvin Taşkın & Tuba Şavlı, 2024. "Modeling the link between environmental, social, and governance disclosures and scores: the case of publicly traded companies in the Borsa Istanbul Sustainability Index," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-20, December.
  287. Wang, Junkai & Qi, Baolei & Li, Yan & Hossain, Muhammad Istiaque & Tian, Haowen, 2024. "Does institutional commitment affect ESG performance of firms? Evidence from the United Nations principles for responsible investment," Energy Economics, Elsevier, vol. 130(C).
  288. Xin Yun & Yang Hu, 2024. "An Overview of the Evolution in the Research Landscape of Green Finance," World, MDPI, vol. 5(4), pages 1-32, December.
  289. Marcin Kacperczyk & Lin Peng & Jing Xie, 2024. "ESG Investing and Stock Return Comovements," Working Papers 202403, University of Macau, Faculty of Business Administration.
  290. Jonah J. Allen, 2025. "Can Anti-ESG Policy Protect Targeted Industries from Divestment?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(5), pages 1435-1477, May.
  291. Zhang, Ailian & Zhao, Yuxin & Liu, Bai, 2026. "Bank fintech and corporate environmental information disclosure: The role of financial mismatch," Economic Modelling, Elsevier, vol. 156(C).
  292. Si, Yuxiu & Wu, Gongliang, 2025. "ESG rating disagreement and supply chain bargaining power: evidence from China," Finance Research Letters, Elsevier, vol. 83(C).
  293. Vu Le Tran & Guillaume Coqueret, 2023. "ESG news spillovers across the value chain," Financial Management, Financial Management Association International, vol. 52(4), pages 677-710, December.
  294. Wang, Zhen & Chu, Erming & Hao, Yukai, 2024. "Towards sustainable development: How does ESG performance promotes corporate green transformation," International Review of Financial Analysis, Elsevier, vol. 91(C).
  295. Zhen Wang, 2025. "Can ESG ratings drive digital innovation in enterprises? Exploring Porter's hypothesis in the digital era," Business Strategy and the Environment, Wiley Blackwell, vol. 34(1), pages 945-964, January.
  296. Radło Mariusz-Jan & Napiórkowski Tomasz M. & Zabawa Justyna & Łosiewicz-Dniestrzańska Ewa, 2025. "The role and impact of ESG standards in mergers and acquisitions. Empirical analysis of stakeholders, synergies, and firm characteristics," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 61(4), pages 58-70.
  297. Yao, Jian & Yang, Cunyi, 2025. "Financial technology and climate risks in the financial market," International Review of Financial Analysis, Elsevier, vol. 99(C).
  298. Xiaofeng Liu & Zhi Wang & Shichi Ren, 2024. "Investor–Firm Interactions and Corporate ESG Performance: Evidence from China," Sustainability, MDPI, vol. 16(24), pages 1-33, December.
  299. Guo, Kun & Bian, Yuan & Zhang, Dayong & Ji, Qiang, 2024. "ESG performance and corporate external financing in China: The role of rating disagreement," Research in International Business and Finance, Elsevier, vol. 69(C).
  300. Luo, Qiling & Xue, Minggao & Xiong, Yeqin & Ge, Xiaowen, 2024. "The backfire of mutual funds balancing financial objectives in ESG investments: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 96(PB).
  301. Pedro Antonio Martín-Cervantes & María del Carmen Valls Martínez, 2023. "Unraveling the relationship between betas and ESG scores through the Random Forests methodology," Risk Management, Palgrave Macmillan, vol. 25(3), pages 1-29, September.
  302. Nikolaos Iliopoulos, 2025. "Covariance-Aware Simplex Projection for Cardinality-Constrained Portfolio Optimization," Papers 2512.19986, arXiv.org.
  303. Jiangyuan Hou & Yanping Wang & Mingyue Du, 2023. "Friend or Foe: How Do Consumers and Producers Affect the ESG Rating Index? Evidence from China’s Market of Organic Milk," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
  304. Long, Huaigang & Chiah, Mardy & Cakici, Nusret & Zaremba, Adam & Bilgin, Mehmet Huseyin, 2024. "ESG investing in good and bad times: An international study," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
  305. Allahdadi, Mohammad R. & Fretheim, Torun & Vindedal, Kjetil, 2024. "Value of climate change news: A textual analysis," Global Finance Journal, Elsevier, vol. 63(C).
  306. Wang, Renxuan & Wang, Xuewu & Yan, Zhipeng, 2024. "Sustainable success: How high ESG ratings affect stock market responses to earnings surprises," Finance Research Letters, Elsevier, vol. 62(PA).
  307. Wang, Lei & Sha, Yifan & Li, Yue & Wang, Tongyu, 2025. "The double-edged effects of the ESG rating on analyst forecast performance," International Review of Economics & Finance, Elsevier, vol. 103(C).
  308. Beckmann, Joscha & Rogmann, Jennifer, 2024. "Determinants and effects of country ESG controversy," Energy Economics, Elsevier, vol. 131(C).
  309. repec:rjr:romjef:v::y:2025:i:3:p:68-88 is not listed on IDEAS
  310. Liu, Xue-Ying & Zhao, Xin-Xin & Ma, Kun & Sharma, Susan Sunila, 2024. "The impact of financial sanctions on ESG performance of target countries," Pacific-Basin Finance Journal, Elsevier, vol. 87(C).
  311. Lin, Yu-En & Teng, Shi & Yu, Bo & Lam, Keith S.K., 2025. "ESG rating, rating divergence and investment efficiency: International evidence," The Quarterly Review of Economics and Finance, Elsevier, vol. 100(C).
  312. Chiappari, Mattia & Scotti, Francesco & Flori, Andrea, 2025. "Hedging financial risks with a climate index based on EU ETS firms," Energy, Elsevier, vol. 320(C).
  313. Caiyun Lin & Shibao Lu & Xuyang Su & Chuanhao Wen, 2024. "RETRACTED ARTICLE: Can the greening of the tax system improve enterprises’ ESG performance? Evidence from China," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-32, June.
  314. Zhonghua Cheng & Lele Han, 2025. "Environmental and social governance performance and enterprise total factor productivity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1411-1428, April.
  315. Li, Ye & Lu, Honghong & Sun, Minxian, 2025. "Fulfillment of environmental responsibility, targeted reduction of inclusive finance and corporate NPD innovation," International Review of Financial Analysis, Elsevier, vol. 99(C).
  316. Zhang, Cheng & Zha, Qianyao & Sun, Xun & Chen, Liping, 2024. "Does ESG rating disagreement affect audit opinions?," International Review of Economics & Finance, Elsevier, vol. 96(PA).
  317. Lu, Xunfa & He, Pengchao & Zhang, Zhengjun & Apergis, Nicholas & Roubaud, David, 2024. "Extreme co-movements between decomposed oil price shocks and sustainable investments," Energy Economics, Elsevier, vol. 134(C).
  318. Fiordelisi, Franco & Ricci, Ornella & Santilli, Gianluca, 2023. "Environmental engagement and stock price crash risk: Evidence from the European banking industry," International Review of Financial Analysis, Elsevier, vol. 88(C).
  319. Hu, Xinwen & Hua, Renhai & Liu, Qingfu & Wang, Chuanjie, 2023. "The green fog: Environmental rating disagreement and corporate greenwashing," Pacific-Basin Finance Journal, Elsevier, vol. 78(C).
  320. Binghong Lin & Bingxiang Li & Dan Zhang, 2025. "ESG implementation, public environmental concern, and corporate green technology innovation: analysis based on the background of China's "Dual Carbon" targets," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(10), pages 24271-24308, October.
  321. Chen, An & Gerick, Leonard & Jin, Zhuo, 2025. "Optimizing portfolios under carbon risk constraints: Setting effective constraints to favor green investments," Energy Economics, Elsevier, vol. 148(C).
  322. Yin, Libo & Zhu, Xiaoye & Su, Zhi & Guo, Hongliang, 2025. "Is disagreement beneficial for market efficiency? Evidence from ESG ratings," Journal of International Money and Finance, Elsevier, vol. 154(C).
  323. Zhang, Dongna & Dai, Xingyu & Wang, Qunwei, 2025. "Do green assets enhance portfolio optimization? A multi-horizon investing perspective," The British Accounting Review, Elsevier, vol. 57(5).
  324. Xiao, Zhongyi & Shum, Wai Yan & Lai, Fujun & Xiang, Cheng, 2025. "How do firms respond to divergent ESG ratings? The perspective of green innovation," Research in International Business and Finance, Elsevier, vol. 75(C).
  325. Cini, Federico & Ferrari, Annalisa, 2025. "Towards the estimation of ESG ratings: A machine learning approach using balance sheet ratios," Research in International Business and Finance, Elsevier, vol. 73(PB).
  326. Jiang, Cuixia & Li, Xiuxiu & Xu, Qifa & Liu, Junhang, 2024. "Does environmental protection tax impact corporate ESG greenwashing? A quasi-natural experiment in China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 774-786.
  327. Hu, Kexin & Li, Xingyi & Li, Zhongfei, 2024. "Effect of ESG rating disagreement on stock price informativeness: Empirical evidence from China's capital market," International Review of Financial Analysis, Elsevier, vol. 96(PB).
  328. Minjuan Wang & Dingsheng Zhang, 2024. "Big Data Infrastructure and Corporate ESG Performance: Evidence from Listed Chinese Manufacturing Companies," Sustainability, MDPI, vol. 16(12), pages 1-24, June.
  329. Hantao Liu & Xiaoyun Zhang & Yang He, 2025. "Digital Transformation and ESG Performance—Empirical Evidence from Chinese Listed Companies," Sustainability, MDPI, vol. 17(13), pages 1-23, July.
  330. Gil Cohen, 2023. "The impact of ESG risks on corporate value," Review of Quantitative Finance and Accounting, Springer, vol. 60(4), pages 1451-1468, May.
  331. Hakenes, Hendrik & Schliephake, Eva, 2025. "Your Carbon Footprint, Including Investments," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325389, Verein für Socialpolitik / German Economic Association.
  332. Lei Wu & Zhenkai Zhai & Yongbin Lv, 2024. "A cross‐cultural study of ESG impact on corporate performance and equity," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(5), pages 4771-4788, December.
  333. Muhammad Istiaque Hossain & Baolei Qi & Mohamed Marie & Mohamed Omran & Yucheng Chen, 2025. "Financial sustainability in the context of ESG disclosure: A comprehensive analysis of Chinese‐listed firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(2), pages 2438-2457, March.
  334. Mohanasundaram, S. & Kasilingam, R., 2024. "The sustainability factor in asset pricing: Empirical evidence from the Indian market," The Quarterly Review of Economics and Finance, Elsevier, vol. 94(C), pages 206-213.
  335. Ko, Hyungjin & Lee, Jaewook, 2024. "Can ChatGPT improve investment decisions? From a portfolio management perspective," Finance Research Letters, Elsevier, vol. 64(C).
  336. Chibane, Messaoud & Joubrel, Mathieu, 2024. "The ESG-efficient frontier under ESG rating uncertainty," Finance Research Letters, Elsevier, vol. 67(PB).
  337. Li, Zengfu & Yu, Zhijun & Yang, Zhihao & Ding, Zijia, 2025. "Specialization in Bank Lending and short-term debt for long-term use: Evidence from China," Finance Research Letters, Elsevier, vol. 75(C).
  338. Lei, Heng & Xue, Minggao & Liu, Huiling & Ye, Jing, 2023. "Precious metal as a safe haven for global ESG stocks: Portfolio implications for socially responsible investing," Resources Policy, Elsevier, vol. 80(C).
  339. Jin Zhu & Fei Huang, 2023. "Transformational Leadership, Organizational Innovation, and ESG Performance: Evidence from SMEs in China," Sustainability, MDPI, vol. 15(7), pages 1-23, March.
  340. Li, Xin & Tong, Yan & Xu, Guoquan, 2025. "Corporate ESG disclosure and regulatory inquiry: Evidence from comment letters on annual reports," The North American Journal of Economics and Finance, Elsevier, vol. 77(C).
  341. Bachner, Felix, 2025. "Decoding market reactions: Analysis of divergent signals of ESG ratings," International Review of Financial Analysis, Elsevier, vol. 103(C).
  342. Aydin Aslan & Peter N. Posch, 2022. "How Do Investors Value Sustainability? A Utility-Based Preference Optimization," Sustainability, MDPI, vol. 14(23), pages 1-15, November.
  343. Ma, Ning & Ma, Xue, 2024. "Does the ESG rating promote common prosperity within enterprises?," Finance Research Letters, Elsevier, vol. 69(PA).
  344. Jinhua Li & Kui Wang & Yali Mei, 2025. "State-Owned Capital Participation and Corporate Environmental, Social, and Governance Performance: Evidence from Chinese Private Firms," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(3), pages 12364-12391, September.
  345. Yan, Jingzhou & Shen, Jiahao & Zou, Jin & Zou, Yanchi, 2025. "ESG ratings and attention: The impact on stock market performance," Finance Research Letters, Elsevier, vol. 83(C).
  346. Picheng Lee & Gary Kleinman & Asokan Anandarajan, 2025. "The effect of tournament incentives on environmental, social, and governance (ESG) performance," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 22(2), pages 397-408, June.
  347. Si, Deng-Kui & Zhou, Fu-You & Li, Xiao-Lin & Kong, Dongmin, 2025. "The effect of financial marketization on the nexus between ESG rating uncertainty and corporate innovation," International Review of Financial Analysis, Elsevier, vol. 106(C).
  348. Nguyen, Harvey & Pham, Anh Viet & Pham, Man Duy (Marty) & Pham, Mia Hang, 2026. "Resource allocation in times of need: the role of social commitments," Journal of Contemporary Accounting and Economics, Elsevier, vol. 22(1).
  349. Liang, Hao & Ng, Lilian & Yoon, Aaron, 2025. "Editorial: What have we learned about green and climate finance?," The British Accounting Review, Elsevier, vol. 57(5).
  350. He, Ye & Pan, Yuetong & Shan, Tao & Zhou, Yanyu, 2025. "ESG rating disagreement and the cost of equity financing," International Review of Financial Analysis, Elsevier, vol. 107(C).
  351. Xiaoyan Xu & Hong Zhao, 2024. "An Empirical Study on ESG Evaluation of Chinese Energy Enterprises Based on High-Quality Development Goals—A Case Study of Listed Company Data," Sustainability, MDPI, vol. 16(15), pages 1-22, August.
  352. Xue, Liuyang & Jiang, Shiyao & Wu, Nanxuan & Yin, Meng, 2025. "Effect of firm social status on ESG performance: Theoretical mechanism and heterogeneity analysis," International Review of Economics & Finance, Elsevier, vol. 99(C).
  353. Seng, Jianfen & Zhang, Lijie, 2025. "ESG ratings and corporate clean production from the perspective of evolutionary game theory: Evidence from A-share listed companies," Energy Economics, Elsevier, vol. 152(C).
  354. Du, Linqi & Lu, Na, 2025. "Do ESG incidents matter for corporate cost of debt? Evidence from China," Finance Research Letters, Elsevier, vol. 86(PB).
  355. Sun, Guanglin & Yan, Zian & Gong, Zejun & Li, Mengding, 2025. "The impact of ESG rating divergence on stock price crash risk," International Review of Financial Analysis, Elsevier, vol. 102(C).
  356. Alessi, Lucia & Duranovic, Anja & Kvedaras, Virmantas & Monasterolo, Irene, 2025. "From risks to opportunities: The impact of green public investment programs on sovereign yields," Research in International Business and Finance, Elsevier, vol. 77(PA).
  357. Ling, Shixian & Xia, Hui & Liu, Zhangxin (Frank), 2024. "ESG rating divergence and audit fees: Evidence from China," Finance Research Letters, Elsevier, vol. 67(PA).
  358. Jiazhan Gao & Guihong Hua & Baofeng Huo, 2024. "Green finance policies, financing constraints and corporate ESG performance: insights from supply chain management," Operations Management Research, Springer, vol. 17(4), pages 1345-1359, December.
  359. Bai, Xiao & Zhao, Wenyao & Tian, Geran, 2024. "ESG certification, green innovation, and firm value: A quasi-natural experiment based on SynTao Green Finance's ESG ratings: A pre-registered report," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
  360. Yin, Li & Han, Yuanhang & Shao, Jinan & Dai, Jing & Shou, Yongyi, 2025. "Does ESG rating divergence depress trade credit? A signaling theory perspective," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 203(C).
  361. Chang, Xin & Jin, Yaling & Yang, Endong & Zhang, Wenrui, 2025. "Corporate taxes and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 94(C).
  362. Matteo FOCARACCi & Karinne-Alexandra RADU, 2025. "Esg Assessment And Reporting: A Bibliometric Analysis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 34(2), pages 347-357, December.
  363. Guo, Chun & Luo, Jingbo, 2026. "Green supply chain management and ESG rating divergence: A quasi-natural experiment in China," Technological Forecasting and Social Change, Elsevier, vol. 223(C).
  364. Hongbo He & Yiqing Chen & Ruiqi Guo & Lerong He & Hong Wan, 2025. "Cost of Vagueness: Stakeholders’ Responses to Firms’ ESG Information," Journal of Business Ethics, Springer, vol. 202(3), pages 543-566, December.
  365. Lufeng Gou & Xiaoxiao Li, 2025. "Why Do ESG Rating Differences Affect Audit Fees?—Dual Intermediary Path Analysis Based on Operating Risk and Analyst Earnings Forecast Error," Sustainability, MDPI, vol. 17(2), pages 1-17, January.
  366. Shu, Hao & Tan, Weiqiang, 2023. "Does carbon control policy risk affect corporate ESG performance?," Economic Modelling, Elsevier, vol. 120(C).
  367. Deng, Guoying & Fu, Xu & Zou, Jin & Yan, Jingzhou, 2025. "Enterprise digitalization and bank-enterprise ESG consistency: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 103(C).
  368. Lestari, Jenjang Sri & Frömmel, Michael, 2024. "Socially responsible investments: doing good while doing well in developed versus emerging markets?," Research in International Business and Finance, Elsevier, vol. 69(C).
  369. Yang, Zhonghai & Song, Pingting & Xu, Meng, 2025. "Nearer means better? CSRC proximity and ESG greenwashing," International Review of Financial Analysis, Elsevier, vol. 106(C).
  370. Chaudhry, Neeru & Dhawan, Priya, 2025. "Does firms' commitment towards CSR influence idiosyncratic volatility? Evidence from India," Emerging Markets Review, Elsevier, vol. 68(C).
  371. Xiaoya Chen & Yue Song & Xueqin Hu & Guangfan Sun, 2025. "Sustainability Uncertainty and Digital Transformation: Evidence from Corporate ESG Rating Divergence in China," Sustainability, MDPI, vol. 17(14), pages 1-17, July.
  372. Wenxuan Hou & Xiaoyu Zhang, 2025. "Do passive investors influence corporate social responsibility? A risk‐management perspective," International Review of Finance, International Review of Finance Ltd., vol. 25(1), March.
  373. Zou, Jin & Gao, Li & Yan, Jingzhou & Liu, Yuan, 2025. "ESG report tone and bond spreads," Energy Economics, Elsevier, vol. 152(C).
  374. Yang, Ge & Tan, Zelong & Zhao, Yiyi, 2026. "Green funds and green innovation in family firms: A perspective of long-term value congruence," Research in International Business and Finance, Elsevier, vol. 81(C).
  375. Chang, Yuyuan & Foss, Nicolai J. & Li, Shuping & Xie, Jing, 2024. "Compensation peer effects of corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 89(C).
  376. Zhihong Mao & Siyang Wang & Yu‐En Lin, 2024. "ESG, ESG rating divergence and earnings management: Evidence from China," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(4), pages 3328-3347, July.
  377. Fuxiu Jiang & Jia Ma & Xiaojia Zheng, 2025. "Multiple large shareholders and ESG performance: Evidence from the cost‐sharing and resource‐provision view," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 1309-1346, June.
  378. Tsang, Albert & Wang, Yujie & Xiang, Yi & Yu, Li, 2024. "The rise of ESG rating agencies and management of corporate ESG violations," Journal of Banking & Finance, Elsevier, vol. 169(C).
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