ESG Confusion and Stock Returns: Tackling the Problem of Noise
Citations
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Cited by:
- Koji Takahashi & Sumiko Takaoka, 2023. "How much do firms need to satisfy employees? - Evidence from credit spreads and online employee reviews," BIS Working Papers 1111, Bank for International Settlements.
- Konrad Adler & Oliver Rehbein & Matthias Reiner & Jing Zeng, 2026. "Market-Based Green Firms," ECONtribute Discussion Papers Series 421, University of Bonn and University of Cologne, Germany.
- Hou, Xiaojuan & Xie, Guanxia, 2024. "ESG divergence and corporate strategic green patenting," Finance Research Letters, Elsevier, vol. 67(PB).
- Xuming Shangguan & Gengyan Shi & Zhou Yu, 2024. "ESG Performance and Enterprise Value in China: A Novel Approach via a Regulated Intermediary Model," Sustainability, MDPI, vol. 16(8), pages 1-18, April.
- Jin, Yurong & Yan, Jingzhou & Yan, Qianhui, 2024. "Unraveling ESG Ambiguity, Price Reaction, and Trading Volume," Finance Research Letters, Elsevier, vol. 61(C).
- Roman Kräussl & Tobi Oladiran & Denitsa Stefanova, 2024.
"A review on ESG investing: Investors’ expectations, beliefs and perceptions,"
Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 476-502, April.
- Kräussl, Roman & Oladiran, Tobi & Stefanova, Denitsa, 2023. "A review on ESG investing: Investors' expectations, beliefs and perceptions," CFS Working Paper Series 694, Center for Financial Studies (CFS).
- Konrad Adler & Oliver Rehbein & Matthias Reiner & Jing Zeng, 2026. "Market-Based Green Firms," CRC TR 224 Discussion Paper Series crctr224_2025_768, University of Bonn and University of Mannheim, Germany.
- Rojo-Suárez, Javier & Alonso-Conde, Ana B. & Gonzalez-Ruiz, Juan David, 2024. "Does sustainability improve financial performance? An analysis of Latin American oil and gas firms," Resources Policy, Elsevier, vol. 88(C).
- Wang, Xinyu & Zhao, Jing, 2023. "The green reputation: Corporate culture and environmental reputation risk," Finance Research Letters, Elsevier, vol. 58(PA).
- Luo, Deqing & Shan, Xun & Yan, Jingzhou & Yan, Qianhui, 2023. "Sustainable investment under ESG volatility and ambiguity," Economic Modelling, Elsevier, vol. 128(C).
- Gucciardi, Gianluca & Ossola, Elisa & Parisio, Lucia & Pelagatti, Matteo, 2025.
"Common factors behind companies’ Environmental ratings,"
International Review of Financial Analysis, Elsevier, vol. 100(C).
- Gianluca Gucciardi & Elisa Ossola & Lucia Parisio & Matteo Pelagatti, 2024. "Common factors behind companies' Environmental ratings," Working Papers 536, University of Milano-Bicocca, Department of Economics.
- 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).
- Birindelli, Giuliana & Quas, Anita & Rancan, Michela & Vandone, Daniela, 2025. "How important are ESG ratings for financial institutions? Evidence from corporate leverage ratios across Europe," International Review of Economics & Finance, Elsevier, vol. 102(C).
- Jin, Yurong & Yan, Jingzhou, 2024. "Sustainable investing with ESG ambiguous information," Economics Letters, Elsevier, vol. 241(C).
- Gaëlle Le Fol, 2024.
"Understanding the effect of ESG scores on stock returns using mediation theory,"
Post-Print
hal-04660291, HAL.
- Serge Darolles & Yuyi He & Gaëlle Le Fol, 2024. "Understanding the effect of ESG scores on stock returns using mediation theory," Post-Print hal-04594004, HAL.
- Yinong Liu & Yanying Li & Huiying Chen, 2025. "The Keywords in Corporate Social Responsibility: A Dictionary Construction Method Based on MNIR," Sustainability, MDPI, vol. 17(6), pages 1-23, March.
- Ricci, Ornella & Santilli, Gianluca & Scardozzi, Giulia & Stentella Lopes, Francesco Saverio, 2024. "ESG resilience in conflictual times," Research in International Business and Finance, Elsevier, vol. 71(C).
- Li, Hao & Guo, Hui & Hao, Xinyao & Zhang, Xuan, 2023. "The ESG rating, spillover of ESG ratings, and stock return: Evidence from Chinese listed firms," Pacific-Basin Finance Journal, Elsevier, vol. 80(C).
- 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).
- Xiaoquan (Michael) Zhang & DaPeng Xu & Hong Hong & Kalok Chan, 2026. "Attention or Sentiment: How Social Media React to ESG?," Information Systems Research, INFORMS, vol. 37(2), pages 1323-1336, June.
- Çiğdem Yerli, 2025. "Evaluating the Impact of ESG and Decarbonization Metrics on Stock Price Prediction," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 10(SI), pages 252-274.
- He, Feng & Duan, Lin & Lucey, Brian & Hao, Jing, 2025. "Biodiversity risk or climate risk? Which factor affects corporate ESG rating divergence," International Review of Financial Analysis, Elsevier, vol. 104(PA).
- Liu, Dianhao & Zhou, Jun, 2025. "Do ESG rating changes matter? Evidence from Chinese stock market," Global Finance Journal, Elsevier, vol. 67(C).
- Lu, Xiaomeng & Zhang, Xianjun & Guo, Fusen & Li, Feng, 2024. "Evaluating ESG Investment Profitability: From the Perspective of Sophistication in Investment Decision-Making," Finance Research Letters, Elsevier, vol. 69(PA).
- Xin Li & Yan Ke & Longbing Cao, 2026. "Beyond ESG Scores: Learning Dynamic Constraints for Sequential Portfolio Optimization," Papers 2605.09310, arXiv.org.
- Yikai Zhao & Jun Nagayasu & Xinyi Geng, 2024. "Measuring Climate Policy Uncertainty with LLMs: New Insights into Corporate Bond Credit Spreads," DSSR Discussion Papers 143, Graduate School of Economics and Management, Tohoku University.
- Michele Costa, 2023. "The evaluation of the effects of ESG scores on financial markets," Working Papers wp1189, Dipartimento Scienze Economiche, Universita' di Bologna.
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