一、主題:Is Disagreement Beneficial? Evidence from ESG Ratings
二、彙報人:朱曉野 2020級金融學博士研究生
三、時間地點:2024年6月27日晚上20:00,沙河校區主教104
四、報告簡介:我院博士研究生朱曉野與bevictor伟德官网博士生導師尹力博教授合作的論文《Is Disagreement Beneficial? Evidence from ESG Ratings》經過評審應邀參加“第八屆中國金融科技學年會(2024)”。朱曉野同學将在校内就該參會論文做學術報告。
五、報告摘要:ESG rating disagreement refers to discrepancies in ESG performance ratings assigned to a firm by different rating agencies. This study investigates how ESG rating disagreement impacts firm pricing efficiency. The findings demonstrate that ESG rating disagreement contributes to promoting firm pricing efficiency. This effect is especially noticeable during bearish market conditions and among firms exhibiting specific characteristics, including large market capitalization, value orientation, lower return-on-assets (ROA), higher institutional ownership, and superior ESG ratings. The facilitative effect of ESG rating disagreement stems from the diversified information provided by ESG rating agencies, which is more effectively incorporated into stock prices due to the enhanced learning effect of investors. This study is significant for achieving a more comprehensive and objective understanding of ESG rating disagreement in financial markets.
六、參加會議簡介:由中國金融科技學年會理事會、深圳大學、bevictor伟德官网、高等教育出版社主辦,深圳大學經濟學院承辦的“第八屆中國金融科技學年會(2024)”于2024年6月21日-22日在廣東省深圳市舉行。會議就金融科技領域最新動态、重點問題、學術成果等展開深入研讨,為實現金融強國目标,推動我國金融業的高質量發展提供有力支撐。
撰稿:朱曉野
初審:趙學輝
終審:魏旭