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Spillover of stock price crash risk: Do environmental, social and governance (ESG) matter?
16 references·13 citing·47 second hop
Spillover of stock price crash risk: Do environmental, social and governance (ESG) matter? (2023)Spillover of stock price crash risk: Do e…The effect of ESG rating events on corporate green innovation in China: The mediating role of financial constraints and managers' environmental awareness (2022)The effect of ESG rating even…ESG disclosure and financial performance: Moderating role of ESG investors (2022)ESG disclosure and financial …Aggregate Confusion: The Divergence of ESG Ratings (2022)Aggregate Confusion: The Dive…The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China (2020)The role of ESG performance d…Greenwashing in environmental, social and governance disclosures (2020)Greenwashing in environmental…Carbon Tail Risk (2018)Carbon Tail RiskDo Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows (2017)Do Investors Value Sustainabi…On the network topology of variance decompositions: Measuring the connectedness of financial firms (2014)On the network topology of va…Excess perks and stock price crash risk: Evidence from China (2014)Excess perks and stock price …Corporate social responsibility and stock price crash risk (2014)Corporate social responsibili…Corporate tax avoidance and stock price crash risk: Firm-level analysis (2011)Corporate tax avoidance and s…CFOs versus CEOs: Equity incentives and crashes (2011)CFOs versus CEOs: Equity ince…Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets (2008)Measuring Financial Asset Ret…Manipulation and the Allocational Role of Prices (2008)Manipulation and the Allocati…Managers' Personal Values as Drivers of Corporate Social Responsibility (2004)Managers' Personal Values as …Differences of Opinion, Short-Sales Constraints, and Market Crashes (2003)Differences of Opinion, Short…Unveiling the Dynamics of Green Innovation on ESG Performance: The Role of Financial Distress and the Impact of the Paris Agreement (2025)Unveiling the Dynamics of Gre…Digital revolution meets ESG: Can AI, blockchain and cloud computing enhance ESG performance? (2025)Digital revolution meets ESG:…Promoting corporate financing efficiency through digital finance and sustainable practices (2024)Promoting corporate financing…ESG uncertainty, investor attention and stock price crash risk in China: evidence from PVAR model analysis (2024)ESG uncertainty, investor att…ESG score, analyst coverage and corporate resilience (2024)ESG score, analyst coverage a…ESG rating results and corporate total factor productivity (2024)ESG rating results and corpor…Environmental, social, and governance performance and corporate debt maturity in China (2024)Environmental, social, and go…Do Government Subsidies Induce Green Transition of Construction Industry? Evidence from Listed Firms in China (2024)Do Government Subsidies Induc…Cross-country risk spillovers of ESG stock indices: Dynamic patterns and the role of climate transition risks (2024)Cross-country risk spillovers…Corporate ESG performance and human capital investment efficiency (2024)Corporate ESG performance and…Can corporate environmental, social, and governance performance influence foreign institutional investors to hold shares? Evidence from China (2024)Can corporate environmental, …What drives environmental, social and governance (ESG) performance? The role of institutional quality (2023)What drives environmental, so…Family business succession and corporate ESG behavior (2023)Family business succession an…Noise Trader Risk in Financial Markets (1990)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Breadth of ownership and stock returns (2002)Market liquidity as a sentiment indicator (2004)Downside Risk (2006)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Management ownership and market valuation (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Accounting Conservatism and Stock Price Crash Risk: Firm‐level Evidence (2014)Religion and Stock Price Crash Risk (2015)A Theory of Cognitive Dissonance (1957)Culture's Consequences: International Differences in Work-Related Values. (1983)Burnout: 35 years of research and practice (2009)Political Ideologies of CEOs (2013)A Theory of Cognitive Dissonance (2017)Detecting Earnings Management. (1995)Corporate Governance and Equity Prices (2003)Earnings Management through Real Activities Manipulation (2003)A Three-Dimensional Conceptual Model of Corporate Performance (1979)The Social Responsibility of Business Is to Increase Its Profits (2007)Country-level institutions, firm value, and the role of corporate social responsibility initiatives (2016)Do ESG Controversies Matter for Firm Value? Evidence from International Data (2016)Does Corporate Social Responsibility Affect Information Asymmetry? (2016)Macroeconomics and Reality (1980)Generalized impulse response analysis in linear multivariate models (1998)Better to give than to receive: Predictive directional measurement of volatility spillovers (2011)SRISK: A conditional capital shortfall measure of systemic risk (2017)Measuring the Frequency Dynamics of Financial Connectedness and Systemic Risk* (2018)Refined Measures of Dynamic Connectedness based on Time-Varying Parameter Vector Autoregressions (2020)Socially responsible investments: Institutional aspects, performance, and investor behavior (2008)ESG activities and banking performance: International evidence from emerging economies (2020)Connecting the COVID-19 pandemic, environmental, social and governance (ESG) investing and calls for ‘harmonisation’ of sustainability reporting (2021)Sustainable development, ESG performance and company market value: Mediating effect of financial performance (2022)The robustness of identified VAR conclusions about money (1998)No Contagion, Only Interdependence: Measuring Stock Market Comovements (2002)Advances in prospect theory: Cumulative representation of uncertainty (1992)Does Doing Good Always Lead to Doing Better? Consumer Reactions to Corporate Social Responsibility (2001)Risk as feelings. (2001)The effect of pro-environmental preferences on bond prices: Evidence from green bonds (2018)Resiliency of Environmental and Social Stocks: An Analysis of the Exogenous COVID-19 Market Crash (2020)Sustainable investing with ESG rating uncertainty (2021)Intraclass correlations: Uses in assessing rater reliability. (1979)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)Content Analysis: An Introduction to Its Methodology (2019)Climate Risks and Financial Stability (2020)Dissecting green returns (2022)
this work references cited by second hop

References

  • 2014On the network topology of variance decompositions: Measuring the connectedness of financial firms4,694 cited
  • 2022Aggregate Confusion: The Divergence of ESG Ratings3,411 cited
  • 2008Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets3,131 cited
  • 2011Corporate tax avoidance and stock price crash risk: Firm-level analysis2,154 cited
  • 2020The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China1,686 cited
  • 2017Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows1,602 cited
  • 2004Managers' Personal Values as Drivers of Corporate Social Responsibility1,492 cited
  • 2014Corporate social responsibility and stock price crash risk1,466 cited
  • 2003Differences of Opinion, Short-Sales Constraints, and Market Crashes1,356 cited
  • 2011CFOs versus CEOs: Equity incentives and crashes1,219 cited
  • 2020Greenwashing in environmental, social and governance disclosures1,138 cited
  • 2018Carbon Tail Risk1,129 cited
  • 2022ESG disclosure and financial performance: Moderating role of ESG investors993 cited
  • 2022The effect of ESG rating events on corporate green innovation in China: The mediating role of financial constraints and managers' environmental awareness664 cited

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  • 2014Excess perks and stock price crash risk: Evidence from China662 cited
  • 2008Manipulation and the Allocational Role of Prices540 cited
  • Cited by

    • 2023What drives environmental, social and governance (ESG) performance? The role of institutional quality84 cited
    • 2024ESG rating results and corporate total factor productivity79 cited
    • 2024Corporate ESG performance and human capital investment efficiency75 cited
    • 2024ESG score, analyst coverage and corporate resilience52 cited
    • 2024Environmental, social, and governance performance and corporate debt maturity in China50 cited
    • 2023Family business succession and corporate ESG behavior34 cited
    • 2024Can corporate environmental, social, and governance performance influence foreign institutional investors to hold shares? Evidence from China33 cited
    • 2024Cross-country risk spillovers of ESG stock indices: Dynamic patterns and the role of climate transition risks29 cited
    • 2024ESG uncertainty, investor attention and stock price crash risk in China: evidence from PVAR model analysis26 cited
    • 2025Unveiling the Dynamics of Green Innovation on ESG Performance: The Role of Financial Distress and the Impact of the Paris Agreement24 cited
    • 2025Digital revolution meets ESG: Can AI, blockchain and cloud computing enhance ESG performance?23 cited
    • 2024Do Government Subsidies Induce Green Transition of Construction Industry? Evidence from Listed Firms in China12 cited
    • 2024Promoting corporate financing efficiency through digital finance and sustainable practices10 cited