The increasing prominence of ESG ratings is reshaping asset pricing by providing new approaches to assess risk and return in financial markets. This study conducts a bibliometric analysis of 392 publications from Scopus and Web of Science, covering research from 2005 to 2024. A notable acceleration in studies has been observed since 2018, with the USA and UK leading in contributions. The analysis identifies key thematic clusters on the impact of corporate social responsibility on stock performance and portfolio management. It maps the evolution of ESG-related asset pricing research, highlights key contributors, and outlines emerging themes for financial decision-making.

中文翻译：

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ESG 评级的新兴趋势是资产定价的风险因素

ESG 评级的日益重要性正在通过提供评估金融市场风险和回报的新方法来重塑资产定价。本研究对来自 Scopus 和 Web of Science 的 392 篇出版物进行了文献计量分析，涵盖 2005 年至 2024 年的研究。自 2018 年以来，观察到研究显着加速，其中美国和英国的贡献处于领先地位。该分析确定了企业社会责任对股票表现和投资组合管理影响的关键主题集群。它描绘了 ESG 相关资产定价研究的演变，突出了关键贡献者，并概述了财务决策的新兴主题。