Cross-listing and ESG rating disagreement

被引：1
作者：
Yuan, Dongliang [1 ]
Shang, Duo [2 ]
Wu, Xinmei [3 ]
机构：
[1] Lanzhou Univ, Sch Management, Lanzhou, Peoples R China
[2] Univ Sci & Technol Beijing, Sch Econ & Management, Beijing, Peoples R China
[3] Univ Int Business & Econ, Sch Business, Beijing, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2025年 / 78卷
基金：
中国国家自然科学基金; 北京市自然科学基金;
关键词：
Cross-listing; ESG rating disagreement;
D O I：
10.1016/j.frl.2025.107180
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Based on Chinese A-share listed companies from 2010 to 2022, we find that cross-listing has a significant dampening effect on ESG rating disagreement. Specifically, cross-listing reduces ESG rating disagreement through five channels: improving internal controls, obtaining international standard certifications, attracting media attention, facilitating institutional investor site visits, and improving the quality of information disclosure. In addition, the dampening effect of crosslisting on ESG rating disagreement is reinforced by the overseas experience of executives, the internationalization of the enterprise and the openness of the enterprise's location.
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