ESG rating disagreement, external attention and stock return: Evidence from China

Ruipeng Tan and Lulu Pan

Economics Letters, 2023, vol. 231, issue C

Abstract: Using a comprehensive dataset comprising various ratings on ESG performance of A-listed companies in China, we find that ESG rating disagreement exerts a significantly negative influence on both stock returns and volatility. External attention serves as a crucial moderating factor influencing the relationship.

Keywords: ESG rating disagreement; Stock returns; Volatility; External attention (search for similar items in EconPapers)
JEL-codes: G24 G38 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:231:y:2023:i:c:s0165176523002938

DOI: 10.1016/j.econlet.2023.111268

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