We investigate whether ESG ratings predict future ESG news and the associated market reactions. We find that the … consensus rating predicts future news, but its predictive ability diminishes for firms with large disagreement between raters …. Relation between news and market reaction is moderated by the consensus rating. In the presence of high disagreement between …

This paper investigates the dynamic linkages between portfolio flows and various news indices (based on both "positive …" and "negative" news headlines collected from Bloomberg), whilst also controlling for a comprehensive set of push and pull … results document the important role played by the news variables. More specifically, news pessimism and intensity affect bond …