Abstract
ABSTRACT Examining the influence of air quality on the mispricing of dual-listed companies in the China stock market, this study shows that poor air quality exacerbates the premium between A-share and H-share prices, and that persistent air quality degradation intensifies this effect. Our findings suggest that air pollution-induced cognitive impairments among local investors contribute to A-share overpricing in mainland China, widening the price gap with H-shares traded in Hong Kong. Our results reveal a connection between financial markets and the environment, providing support for green finance initiatives that emphasize the negative market impacts of environmental harm.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
