Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)

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ESG Performance and Stock Price Collapse Risk of Listed Companies from the Perspective of Property Rights

Authors
Pei Liu1, *
1Evergrande School of Management, Wuhan University of Science and Technology, Wuhan, Hubei, China
*Corresponding author. Email: 171528881@qq.com
Corresponding Author
Pei Liu
Available Online 20 December 2022.
DOI
10.2991/978-94-6463-030-5_70How to use a DOI?
Keywords
ESG Performance; Risk of Share Price Collapse; State-owned Enterprise
Abstract

At present, China’s securities market is still in the development stage. Guiding investors to pay attention to the relationship between ESG performance and stock price collapse risk is of great significance to the improvement of domestic ESG rating system and the stability of financial market. From the perspective of the nature of property rights, taking A-share listed companies from 2015 to 2020 as a sample, this paper empirically tests the relationship between ESG performance and stock price collapse risk. The results show that the negative correlation between enterprise ESG performance and stock price collapse risk is more significant in state-owned enterprises. Due to the “reputation effect”, state-owned enterprises can better inhibit the stock price collapse risk, which enlightens enterprises to make reasonable ESG investment and investors should reasonably treat the differences of the impact of ESG rating on different enterprises.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
20 December 2022
ISBN
10.2991/978-94-6463-030-5_70
ISSN
2589-4919
DOI
10.2991/978-94-6463-030-5_70How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Pei Liu
PY  - 2022
DA  - 2022/12/20
TI  - ESG Performance and Stock Price Collapse Risk of Listed Companies from the Perspective of Property Rights
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 704
EP  - 711
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_70
DO  - 10.2991/978-94-6463-030-5_70
ID  - Liu2022
ER  -