中文版 | English
题名

企业股价稳定性和ESG评级分歧度的关系研究

其他题名
STUDY ON THE RELATIONSHIPS BETWEEN COMPANIES’ STOCK PRICE STABILITY AND ESG RATING DISAGREEMENT
姓名
姓名拼音
SUN Jiaxi
学号
12232966
学位类型
硕士
学位专业
0251 金融
学科门类/专业学位类别
02 经济学
导师
严硕
导师单位
商学院
论文答辩日期
2024-05-16
论文提交日期
2024-07-04
学位授予单位
南方科技大学
学位授予地点
深圳
摘要
   随着ESG(环境、社会和治理)投资的兴起,企业的ESG表现受到资本市场的广泛关注。股价稳定性作为衡量公司在资本市场表现的重要指标,其与ESG评级分歧度之间的关系值得探究。这种关系把财务数据和非财务数据联系起来,并且对于市场预期和价格形成有影响。尽管ESG 评级在投资决策中的作用日益重要,不同评级机构给出的 ESG 评级却存在分歧,这种分歧度可能对投资者的判断造成影响。
   本论文旨在探索公司股价稳定性与ESG 评级分歧度之间的关系。通过分析A 股市场中剔除状态异常公司的2018-2023年的六年面板数据,研究发现公司股价稳定性较低的公司,ESG 评级分歧度也越大,并且这种显著的关系在使用双固定效应模型和进行稳健性检验后仍然存在。而公司Sharpe比率和ESG评级分歧度之间呈正相关。文章认为财务稳健性,信息透明度和ESG相关新闻等是同时影响两个变量的因素。资本市场对公司全面的评估使得公司财务信息和非财务信息稳定性关联性增强,而本研究希望为理解公司股价稳定性与ESG评级分歧度之间的关系提供证据和和启示,同时也为政策制定者,投资者和企业管理层提供建议。
关键词
语种
中文
培养类别
独立培养
入学年份
2022
学位授予年份
2024-06
参考文献列表

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条目标识符http://sustech.caswiz.com/handle/2SGJ60CL/778941
专题商学院_金融系
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孙家熙. 企业股价稳定性和ESG评级分歧度的关系研究[D]. 深圳. 南方科技大学,2024.
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