eLibrary
  • Home
  • Sources
  • Search
  • About

Is ESG Rating an Effective Tool for Addressing Mispricing of Corporate Assets?

Miaomiao Wang
Frontiers in Economics and Management, (2025), Vol.6, No.12, pp.163-166
Published: December 15, 2025
DOI: 10.6981/FEM.202512_6(12).0015
PDF: Download Full Text PDF
Abstract

This study employs a multi-period difference-in-differences model to empirically examine the impact of ESG ratings on asset mispricing, utilising data from Chinese A-share listed companies between 2009 and 2023 and treating ESG ratings as an exogenous shock variable. Findings indicate that ESG ratings significantly mitigate the degree of asset mispricing within firms. The research not only provides fresh empirical evidence for understanding the relationship between ESG ratings and asset pricing.

Keywords: ESG Ratings; Asset Mispricing; Multi-period Double Difference.
APA Citation: Miaomiao Wang (2025). Is ESG Rating an Effective Tool for Addressing Mispricing of Corporate Assets?. Frontiers in Economics and Management, 6(12), 163-166. https://doi.org/10.6981/FEM.202512_6(12).0015

References

  1. Li, Li, D. Zhang and R. Li: ESG rating disagreement and corporate innovation: Evidence from China." Finance Research Letters 62 (2024): 105096.
  2. G. Ran, et al. Supervisory board characteristics and accounting information quality: Evidence from China, International Review of Economics & Finance, 37 (2015), 18-32.
  3. M. Rhodes–Kropf, D.T. Robinson and S. Viswanathan: Valuation waves and merger activity: The empirical evidence, Journal of financial Economics, 77.3 (2005), 561-603.
  4. Y. Tan and Z. Zhu: The effect of ESG rating events on corporate green innovation in China: The mediating role of financial constraints and managers' environmental awareness, Technology in Society, 68 (2022), 101906.
© 2026 eLibrary · Stand on the shoulders of giants