Dorfleitner, Gregor; Zhang, Rongxin - In: Schmalenbach journal of business research : SBUR 76 (2024) 2, pp. 197-244
In this paper, we examine in a systematic manner how investors react to the sentiment of instant ESG news. Instead of … build a comprehensive and fresh ESG news dataset, and how company ESG news sentiment can be efficiently recognized by a … machine. Overall, we find that the market reacts to ESG news based on news sentiment. On the event day, positive ESG news has …