Impact of the environmental ESG pillar on firm sustainability: Empirical research in the V4 countries DOI Creative Commons
Jan Kubálek,

Michal Erben,

Michal Kuděj

et al.

JOURNAL OF INTERNATIONAL STUDIES, Journal Year: 2024, Volume and Issue: 17(3), P. 148 - 163

Published: Sept. 1, 2024

The research aimed to define the impact of environmental pillar ESG principles on sustainability firms in V4 region and quantify certain factors perception firms’ sustainability. To this end, a questionnaire survey attitudes managers business owners was conducted February 2024 Czech Republic, Slovakia, Poland Hungary. Data were collected using Computer Assisted Web Interviewing (CAWI) method. distribution respondents by country as follows: there 338 from 349 Poland, 312 Slovakia 321 Correlation analysis linear regression used test scientific hypotheses. results suggest that focus education employees, use green practices, provide truthful information about impacts, spend adequate costs protection are more likely achieve sustainable growth. On other hand, appears be no affect corporate policies pertaining managing company accordance with specific regulations, minimising impacts activities, intensively addressing energy efficiency buildings, renewable sources. In conclusion, countries aspects Pillar E growth but do not significantly increase or overall complexity processes.

Language: Английский

Can green finance improve corporate ESG performance? Empirical evidence from Chinese A-share listed companies DOI

Huiqi Zhu,

Xiaofan Li

Asia-Pacific Journal of Accounting & Economics, Journal Year: 2024, Volume and Issue: unknown, P. 1 - 18

Published: June 27, 2024

Leveraging China's 2017 Green Finance Reform and Innovation Pilot Zone Policy (GFPP) as an exogenous shock, this study selects A-share listed companies spanning from 2014 to 2022 the sample, employing difference-in-differences (DID) examine impact mechanism of GFPP on corporate ESG performance. The reveals that significantly enhance performance, with financing constraints social responsibility awareness mediating relationship. Furthermore, incentivizing effect performance is notably pronounced in enterprises located eastern region, small-scale enterprises, non-state-owned heavily polluting industries.

Language: Английский

Citations

2
Green bonds and corporate Environmental social and governance performance: Innovative approaches to identifying greenwashing in green bond markets DOI Open Access
Pengfei Ge, Yichao Liu,

Chuxiong Tang

et al.

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 9, 2024

Abstract This study examines the impact of green bond issuance on companies' environmental social and governance (ESG) performances greenwashing behavior a sample Chinese‐listed firms. We find that bonds significantly bolsters corporate ESG performance through financing signaling mechanisms. The moderating effect policy uncertainty proves to have mutually reinforcing performance. By commitment low‐carbon transformation, offsets negative effects firm's Extended analysis discerns no notable differences among firms with different polluting conditions politically connected levels. primarily improves (E) (S) dimensions, negligible influence (G) aspect ESG. Our findings suggest potential propensity in China's market.

Language: Английский

Citations

2
The Impacts of External Sustainability: Institutional Investors’ Sustainable Identity, Corporate Environmental Responsibility, and Green Innovation DOI Open Access

Xiao Yan,

Chengning Yang

Sustainability, Journal Year: 2024, Volume and Issue: 16(5), P. 1961 - 1961

Published: Feb. 27, 2024

Motivated by the growing importance of corporate sustainable development and executives’ strong desire for shareholder input, this paper fulfills research gap green innovation determinants from view institutional investors’ sustainability, which is scarcely investigated in related research. Prior (on determinants) mostly focused on internal sustainability’s influencing effects (e.g., absorptive capacity, organizational identify); few role external sustainability investors) innovation. We examine potential impact identity environmental responsibility efforts innovation, utilizing difference-in-differences (DID) design along with Chinese-listed companies’ data 2010 to 2020. Our empirical results confirm that an investor’s has a promoting effect This more pronounced companies perform better responsibility. cross-sectional analysis validates such better-performing effects. Additionally, we find produces shock similar rating third-party agency study contributes literature innovations’ (sustainable) institutions’ outcomes (prior various characteristics, as ownership dispersion site visit, though determined whether their produced effects).

Language: Английский

Citations

1
Green Financial Policy, Resource Allocation and Corporate Environmental Responsibility DOI Open Access
Xueying Yuan, Lixia Shang, Jinhua Xu

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(15), P. 6273 - 6273

Published: July 23, 2024

Green finance policy has emerged as a powerful driver for sustainable development worldwide, which arisen at the top of political agenda. Drawing on resource allocation theory, this study empirically investigates whether and how green affects corporate environmental responsibility in achieving goals micro level. Taking China’s reform innovation (GFRI) pilot quasi-natural experiment, paper employs difference-in-differences model to investigate impact responsibility. The evidence shows that GFRI significantly promotes results hold robust after series checks such parallel trend examination, placebo test, exclusion other policies, alternative variable measurement. Moreover, explores potential mechanism channels from perspective theory. Specifically, ultimately accelerates through financing capacity protection supervision. heterogeneity analysis positive is more pronounced companies areas with superior development, strong law enforcement, higher levels pollution. above findings indicate formal institution government-led financial can positively affect responsibility, regional enforcement factors enhancing effectiveness these policies. Furthermore, level local pollution further intensifies sensibility effects. Overall, our sheds light significant role fostering economy, helping reconcile mixed function firm

Language: Английский

Citations

1
Impact of the environmental ESG pillar on firm sustainability: Empirical research in the V4 countries DOI Creative Commons
Jan Kubálek,

Michal Erben,

Michal Kuděj

et al.

JOURNAL OF INTERNATIONAL STUDIES, Journal Year: 2024, Volume and Issue: 17(3), P. 148 - 163

Published: Sept. 1, 2024

The research aimed to define the impact of environmental pillar ESG principles on sustainability firms in V4 region and quantify certain factors perception firms’ sustainability. To this end, a questionnaire survey attitudes managers business owners was conducted February 2024 Czech Republic, Slovakia, Poland Hungary. Data were collected using Computer Assisted Web Interviewing (CAWI) method. distribution respondents by country as follows: there 338 from 349 Poland, 312 Slovakia 321 Correlation analysis linear regression used test scientific hypotheses. results suggest that focus education employees, use green practices, provide truthful information about impacts, spend adequate costs protection are more likely achieve sustainable growth. On other hand, appears be no affect corporate policies pertaining managing company accordance with specific regulations, minimising impacts activities, intensively addressing energy efficiency buildings, renewable sources. In conclusion, countries aspects Pillar E growth but do not significantly increase or overall complexity processes.

Language: Английский

Citations

1