Media attention, information asymmetry and agribusiness ESG rating divergence

Tianyu Chen, Ding Yin, Xinghua Li and Xuegao Xu

Finance Research Letters, 2025, vol. 74, issue C

Abstract: This study examines the impact of media attention on the divergence of ESG ratings among Chinese A-share agricultural companies from 2015 to 2022, utilizing data from six domestic and international rating agencies. The findings indicate that increased media attention reduces ESG rating divergence, especially for non-state-owned enterprises, those not audited by the "Big Four," and companies that do not independently disclose ESG reports. Additionally, information asymmetry moderates the relationship between media attention and ESG rating divergence. Robustness tests confirm the reliability of these results.

Keywords: ESG rating divergence; Media attention; Information asymmetry (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:74:y:2025:i:c:s1544612324017501

DOI: 10.1016/j.frl.2024.106721

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