绿色投资者和ESG评级的分歧
Yiyun Ge1, Ruixuan Zhang2, Hanbin Zhu3
1School of Economics and Management, Jiangsu University of Science and Technology, Zhenjiang, 212100, China.
Scientific reports
|July 2, 2025
概括
绿色投资者通过改善信息流来减少环境,社会和治理 (ESG) 评级的差异. 这种企业治理作用对于准确的ESG评估至关重要,特别是对于非国有企业.
科学领域:
- 环境,社会和治理 (ESG) 研究
- 公司治理 公司治理
- 金融市场是金融市场.
背景情况:
- 环境,社会和治理 (ESG) 评级的分歧给投资者带来了挑战.
- 绿色投资者对公司治理的影响力越来越大.
- 信息不对称性可能会扭曲ESG评估.
研究的目的:
- 调查绿色投资者对ESG评级分歧的影响.
- 了解绿色投资者影响ESG评级的机制.
- 确定能够缓解这种影响的坚定特征.
主要方法:
- 使用中国A股上市公司 (2015-2023) 的数据进行实证分析.
- 回归分析以评估绿色投资者与ESG评级差异之间的关系.
- 部分样本分析,以检查企业特征的缓和效应.
主要成果:
- 绿色投资者显著减少了ESG评级的分歧.
- 这种减少主要是通过减轻信息不对称来实现的.
- 在非国有企业,环境透明度较低的公司,治理较差的公司,不严重污染的公司以及受到更严格环境法规的公司中,这种影响更为强烈.
结论:
- 绿色投资者在缓解ESG评级差异方面发挥着关键作用.
- 他们的影响力提高了ESG评级的可靠性.
- 调查结果提供了关于绿色投资战略治理影响的见解.
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