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Cheng Qian

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Open access Sep 2026

ESG Score Boosts Stock Excess Returns: From the Perspective of Information

This study examines whether environmental, social, and governance (ESG) performance improves risk-adjusted stock returns and identifies the information-transmission channels underlying this relationship. Using an unbalanced panel of 1,104 Chinese A-share listed firms from 2011 to 2019 and Bloomberg ESG scores, the anal...

Cheng Qian · 0 citations

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