IDEAS home Printed from https://ideas.repec.org/a/taf/applec/v57y2025i6p600-616.html
   My bibliography  Save this article

ESG Information Disclosure, Stock Price Informativeness and Corporate Digital Transformation

Author

Listed:
  • Zaifeng Wang
  • Tiancai Xing

Abstract

This study investigates the effect of ESG information disclosure on stock price informativeness from the perspective of return and volatility in the Chinese stock market. We use Chinese A-share listed companies from 2011 to 2020 as samples and find that ESG information disclosure significantly improves stock price informativeness, companies with weaker ESG disclosure benefit more from improving ESG disclosures to improve their stock price informativeness and comprehensive ESG disclosure in particular shows a strong informative effect during the COVID-19 pandemic. Further research shows that corporate digital transformation reinforces this positive relationship. Stock price informativeness reacts more strongly to negative than positive ESG news. ESG disclosure and corporate digital transformation have the financial effect of improving firm value and the influence of ESG disclosure on stock price informativeness is higher for SOEs. Our findings enrich the research on the direct impact of ESG disclosure on stock price informativeness and provide a reference for the capital market to promote green transformation through ESG practices.

Suggested Citation

  • Zaifeng Wang & Tiancai Xing, 2025. "ESG Information Disclosure, Stock Price Informativeness and Corporate Digital Transformation," Applied Economics, Taylor & Francis Journals, vol. 57(6), pages 600-616, February.
    • Handle: RePEc:taf:applec:v:57:y:2025:i:6:p:600-616
    DOI: 10.1080/00036846.2024.2305612
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00036846.2024.2305612
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00036846.2024.2305612?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:57:y:2025:i:6:p:600-616. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.