...Tianquan Jin; Yuting Wu; Ming Lu; Jinhai Wang Purpose This study, based on the information asymmetry theory, aims to examine the impact of ESG on managerial perception of uncertainty, analyzing its mechanisms, influencing factor and economic implications. Design/methodology/approach This study...

... in incremental information asymmetry in the capital market. This, in turn, increases capital costs (Tabash et al., 2020 ; Sheikh et al., 2020) and reduces access to external finance. Furthermore, several managers manipulate stock prices to inflate their compensation schemes (Wang et al...

... indicates that ESG performance reduces the risk of stock price crash through three paths of organizational management: pre-event, during the event and post-event. That is, ESG performance plays the role of restraining managers’ opportunistic behavior, reducing information asymmetry and boosting investor...