, this study empirically explores how negative media coverage pressure influences ESG rating divergence in China. The … empirical findings suggest that negative media coverage pressure increases ESG rating divergence-these outcomes remain valid … after a series of robustness and additional tests. The mediating effects of the outcomes show that negative media coverage …

) market and allows us to understand how media coverage may influence discretionary policy controls. Leveraging a special … expectations. Crucially, our empirical results indicate that media coverage significantly constrained the government's ability to …