The effect of environmental information disclosure on environmental rating divergence

Jianping Deng, Han Chen and Yuxin Bai

Finance Research Letters, 2025, vol. 71, issue C

Abstract: This study examine the relationship between environmental information disclosure and environmental rating divergence by empirically analyzing China's A-share listed companies from 2011 to 2020. The findings reveal a positive correlation between environmental information disclosure and rating divergence. When regulatory authorities tighten the norms for environmental information disclosure, the impact of corporate environmental disclosure on rating divergence is significantly reduced. Heterogeneity analyses indicate that the variations in environmental information disclosure are less pronounced among large-scale firms and state-owned enterprises. Additionally, audits conducted by the Big Four and the professional board contribute to mitigating the divergence in environmental information disclosure.

Keywords: Environmental information disclosure; Rating divergence; Environmental performance; Environmental regulation (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324013801
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324013801

DOI: 10.1016/j.frl.2024.106351

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().