International Journal of Finance & Economics,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Dec. 17, 2024
ABSTRACT
The
rise
of
ESG
investment
has
stimulated
the
development
ratings,
while
there
is
substantial
rating
disagreement
among
different
agencies,
which
creates
a
major
obstacle
to
sustainable
investment.
This
study
empirically
examines
impact
on
quality
analysts'
forecasts
based
data
Chinese
listed
companies
from
2015
2021.
It
found
that
significantly
improves
forecasts.
Mechanism
analysis
demonstrates
can
enhance
by
increasing
attention.
Heterogeneity
reveals
observed
effect
more
pronounced
in
with
low
information
and
those
star
analysts.
These
findings
not
only
objectively
assess
disagreement,
but
also
emphasise
crucial
role
analysts
improving
capital
market
environment.
Borsa Istanbul Review,
Journal Year:
2024,
Volume and Issue:
24(6), P. 1305 - 1315
Published: Aug. 5, 2024
Stakeholders
have
become
increasingly
interested
in
sustainable
practices,
leading
to
intense
investigation
the
literature
of
their
effects
on
companies'
returns.
However,
not
much
information
is
available
about
effect
environmental,
social,
and
governance
(ESG)
controversy
financial
performance.
Inappropriate
social
behavior
environmental
scandals
attract
attention
media
and,
consequently,
among
investors.
Therefore,
this
study
analyzes
impact
ESG
return
equity,
identifying
differences
between
companies
that
operate
different
clusters
such
as
environmentally
sensitive
industries
(ESI)
or
non–environmentally
emerging/developed
countries.
To
end,
we
investigate
625
publicly
owned
for
period
2011
2022,
using
a
four-dimensional
hierarchical
linear
regression
model,
comprising
time,
firms,
industries,
controversies
negatively
performance
operating
ESI
developed
International Journal of Energy Sector Management,
Journal Year:
2024,
Volume and Issue:
unknown
Published: Nov. 25, 2024
Purpose
This
study
aims
to
examine
the
impact
of
ESG
performance
on
financial
risk
(FR)
in
energy
firms
from
developing
countries.
It
also
explores
moderating
roles
controversies
and
board
gender
diversity
(BGD)
this
relationship.
Design/methodology/approach
The
research
uses
a
panel
data
set
218
20
countries
2019
2024,
using
two-stage
least
squares
regression
address
potential
endogeneity.
Robustness
checks
are
conducted
fixed-effects
estimation
pooled
ordinary
squares.
Findings
results
indicate
that
superior
significantly
reduces
both
total
systemic
risk.
positively
moderate
relationship
between
FR,
suggesting
may
weaken
risk-reducing
benefits
strong
practices.
Additionally,
BGD
strengthens
negative
FR.
confirm
consistency
these
findings
across
different
methods.
Originality/value
contributes
growing
body
literature
by
examining
role
FR
mitigation,
specifically
within
sector
To
best
authors’
knowledge,
is
first
explore
dynamics
specific
context.
uniquely
illustrates
how
ESG–risk
relationship,
offering
fresh
insights
extend
stakeholder,
management
legitimacy
theories.
highlight
importance
integrating
factors
into
corporate
governance
management,
particularly
for
operating
high-risk,
high-impact
industries
such
as
energy.
International Journal of Finance & Economics,
Journal Year:
2025,
Volume and Issue:
unknown
Published: Jan. 13, 2025
ABSTRACT
This
study
uses
a
quasi‐natural
experiment
of
the
Shanghai‐Hong
Kong
and
Shenzhen‐Hong
Connect
Trading
Systems
to
investigate
role
capital
market
opening
in
fostering
corporate
innovation.
We
use
panel
data
for
A‐listed
corporations
covering
2009–2021
construct
empirical
analysis,
corroborate
that
can
exert
significantly
positive
influences
on
The
robustness
research
is
verified.
Furthermore,
we
conduct
quantile
analysis
asymmetric
effects,
employ
multi‐phase
difference‐in‐difference‐in‐difference
model,
which
reveals
effect
more
distinctly
potent
among
heavy
polluters
new‐high‐tech
corporations.
Moreover,
results
also
reflect
enhance
ESG
performance
ease
financing
constraints,
turn
enhances
extends
researches
topic
regarding
relationship
between
innovation,
outlines
theoretical
practical
implications
helping
foster
