Sun, Yihan; Jiao, Diyang; Yang, Yiqu; Peng, Yumeng; Hu, Sang - In: International Journal of Financial Studies : open … 13 (2025) 4, pp. 1-17
This study explores the time-varying influence of Environmental, Social, and Governance (ESG) factors on asset pricing in China's A-share market from 2017 to 2023, integrating investor heterogeneity categorized as ESG-unaware (Type-U), ESG-aware (Type-A), and ESG-motivated (Type-M). taxonomy. It...