Reports Outline Investment Management and Financial Innovations Study Findings from Wenzhou-Kean University (ESG ratings and stock performance in the internet industry).

A study conducted by researchers at Wenzhou-Kean University explores the relationship between environmental, social, and governance (ESG) ratings and stock performance in the Chinese internet industry from 2016 to 2020. The findings indicate that ESG initiatives have a significant negative impact on stock performance, particularly in value stocks compared to growth stocks. The study also suggests that higher ESG ratings lead to reduced stock performance, rather than the other way around. The research aims to contribute to the understanding of ESG and stock performance in the Chinese internet industry and offers recommendations for its sustainable development. [Extracted from the article]