#2200. Corporate social responsibility and market efficiency: Evidence from ESG and misvaluation measures

September 2026publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript6510 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Finance;
Economics and Econometrics;
Places in the authors’ list:
place 1place 2place 3place 4
FreeFreeFreeFree
2650 $1470 $1290 $1100 $
Contract №2200.1 Contract №2200.2 Contract №2200.3 Contract №2200.4
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)

Abstract:
We study the impact of corporate social responsibility (CSR) on firm misvaluation. Our results indicate that a firms Environmental, Social and Governance (ESG) profile significantly affects valuation: an improvement of a firms CSR leads to a higher ratio of actual to true firm value. Analyzing the relation between ESG and misvaluation separately, we find that ESG expands existing overvaluation whereas it reduces undervalued firms’ deviation from the true value. Further analyses reveal a moderating role of market sentiment towards sustainability in the ESG-misvaluation relationship.
Keywords:
Corporate social responsibility; ESG; Market efficiency; Misvaluation; Sentiment; Sustainable investing

Contacts :
0