Sustainability,
Journal Year:
2024,
Volume and Issue:
16(23), P. 10608 - 10608
Published: Dec. 3, 2024
This
study
investigated
the
impact
of
China’s
new
environmental
protection
law
on
greenwashing
A-share
listed
companies.
By
employing
difference-in-differences
(DID)
method,
this
reveals
that
EPL
exerts
a
significant
inhibitory
effect
corporate
behavior.
To
ensure
robustness
results,
several
tests
are
conducted,
including
parallel
trend
tests,
placebo
and
propensity
score
matching
DID
(PSM-DID),
all
which
confirm
reliability
findings.
paper
explores
influence
mechanism
through
constructing
institutional
deterrence
mechanism,
cost
financing
constraint
mechanism.
It
is
found
has
more
economically
developed
regions,
non-high-tech
industries,
non-state-owned
enterprises.
Finally,
specific
policy
recommendations
put
forward
from
macro
micro
perspectives.
Sustainability,
Journal Year:
2025,
Volume and Issue:
17(3), P. 1274 - 1274
Published: Feb. 5, 2025
The
ESG
performance
of
enterprises
is
becoming
an
essential
form
support
for
investors’
investment
decisions
and
a
critical
aspect
to
follow
achieve
sustainable
development
enterprises.
This
study
uses
A-share
listed
companies
in
China
from
2009
2022
as
the
research
sample
impact
on
corporate
over-indebtedness
its
mechanism.
findings
show
that
good
significantly
negatively
affects
level
over-debt
probability
over-debt.
mechanism
test
revealed
reduces
excessive
debt
by
alleviating
information
asymmetry,
reducing
financing
costs
short-term
length,
improving
operating
performance.
heterogeneity
analysis
indicates
inhibitory
effect
more
significant
polluting
industries
regions
with
low
degree
marketization.
Through
moderating
effect,
we
find
improved
internal
control
quality
increased
analyst
attention
can
enhance
debt.
Based
results
above,
should
focus
reduce
risk
development.
paper
enriches
leverage
manipulation
perspective
over-indebtedness,
deepens
expands
affecting
explores
external
governance
mechanisms
over-indebtedness.
Applied Economics Letters,
Journal Year:
2025,
Volume and Issue:
unknown, P. 1 - 6
Published: Jan. 5, 2025
By
using
a
mediation-threshold
model,
we
investigate
the
mechanism
by
which
optimizing
business
environment
for
private
enterprises
affects
their
ESG
performance.
The
results
indicate
that
digital
transformation
exerts
nonlinear
effect
on
relationship
between
and
performance
of
enterprises.
Specifically,
human
capital
serves
as
threshold
influence
transformation,
with
values
13.64
35.59.
Research
development
(R&D)
investment,
other
hand,
acts
enterprises,
value
0.0335.
Furthermore,
examine
dynamic
changes
in
mediating
transformation.
findings
reveal
levels
R&D
investment
increase,
role
becomes
more
pronounced.
Achieving
optimal
mediation
requires
substantial
initial
capital,
preventing
from
jumping
directly
to
highest
stage.
Consistent
stabilizes
effects,
sustaining
improvements.
This
study
enhances
model
analysis,
providing
deeper
insights
policy
recommendations
boost
investments
sustainable
International Journal of Research in Business and Social Science (2147-4478),
Journal Year:
2025,
Volume and Issue:
14(1), P. 01 - 16
Published: Feb. 25, 2025
This
paper
explores
the
relationship
between
environmental,
social,
and
governance
performance
(ESGP)
firm
value
in
both
emerging
developed
economies,
with
moderating
impact
of
environmental
uncertainty
competitive
advantage.
Using
secondary
unbalanced
data
spanning
from
2011
to
2022,
we
examine
direct
non-linear
effects
ESG
on
value,
employing
advanced
econometric
estimation
techniques
such
as
two-step
system
GMM
(2sGMM)
two-stage
least
square
(2SLS).
The
analysis
finds
that:
(1)
positively
influences
Chinese
US
banks,
results
remain
valid
after
robustness
test;
(2)
also
confirm
that
non-linearly
influence
across
samples,
an
inverted
U-shape
relationship;
(3)
Additionally,
further
investigate
advantage,
uncovering
dampens
ESGP-firm
relationship,
while
advantage
amplifies
it.
study
contributes
understanding
how
can
act
strategic
assets
align
managerial
stakeholder
interests,
improve
performance,
by
underpinning
agency,
stakeholder,
resource-based
view
theory.
Practical
insights
are
provided
for
policymakers,
regulators,
financial
institutions
regarding
use
ESGP
a
tool
uncertain
dynamic
market
environments.
Sustainability,
Journal Year:
2025,
Volume and Issue:
17(5), P. 2296 - 2296
Published: March 6, 2025
This
study
examines
the
mutual
relationships
among
ESG
performance,
total
factor
productivity
(TFP),
and
energy
efficiency
(EE)
in
a
sample
of
Chinese
A-share
listed
firms
from
2010
to
2022.
shows
that
has
significant
promotional
effect
on
TFP.
Reducing
financing
constraints
inefficient
investment
are
mediating
mechanisms,
latter
plays
greater
role.
Heterogeneity
analyses
suggest
state-owned
enterprises
(SOEs)
heavy-polluting
(HPEs)
should
be
consistently
committed
responsibility
fulfillment.
Formal
environmental
regulation
(FER)
can
complementary
ESG,
but
informal
(IER)
opposite
effect.
TFP
was
instead
suppressed
by
triple
combined
with
these
two.
The
results
threshold
effects
EE
indicate
positive
impact
becomes
more
pronounced
as
performance
improves.
However,
varies
across
subdimensions.
As
green
technology
research
development
(GRDE)
transformation
(GTTE)
improve,
stronger
promotes
EE.
also
exhibits
heterogeneity
respect
ownership
structure.
Moreover,
there
is
bidirectional
causality
between
TFP,
These
findings
reveal
optimal
paths
potential
risks
for
moving
toward
sustainability
firms.
Corporate Social Responsibility and Environmental Management,
Journal Year:
2025,
Volume and Issue:
unknown
Published: April 6, 2025
ABSTRACT
This
study
employs
panel
data
from
GCC‐listed
firms
between
2018
and
2022
to
investigate
the
relationship
corporate
social
responsibility
(CSR)
strategy
Environmental,
Social,
Governance
(ESG)
level.
Utilizing
dynamic
non‐dynamic
analysis,
this
finds
that
with
higher
scores
of
CSR
disclose
less
ESG
information
than
lower
scores.
outcome
remains
robust
passes
multiple
robustness
checks.
Notably,
research
demonstrates
board
characteristics
positively
influence
level,
suggesting
good
governance
results
in
more
disclosure.
These
findings
deepen
our
understanding
these
firm‐level
variables
have
implications
serve
policy
decision‐makers,
ultimately
supporting
national
sustainability
goals
aligned
Sustainable
Development
Goals
(SDGs).
Systems,
Journal Year:
2025,
Volume and Issue:
13(5), P. 315 - 315
Published: April 25, 2025
As
environmental,
social,
and
governance
(ESG)
concerns
increasingly
shape
corporate
behavior,
understanding
their
financial
implications
remains
critical.
This
study
investigates
the
impact
of
ESG
performance
on
shareholder
value,
focusing
mediating
role
dividend
policy.
A
multi-period
difference-in-differences
(DID)
approach
is
applied
to
panel
data
from
Chinese
A-share
listed
firms
between
2011
2022
address
endogeneity
establish
causal
inference.
The
empirical
findings
indicate
that
strong
significantly
enhances
value
policy
a
credible
transmission
mechanism
by
signaling
stability
quality.
Heterogeneity
analysis
reveals
magnitude
effect
further
shaped
firm
size,
profitability,
ownership
concentration,
with
larger,
more
profitable,
less
concentrated
benefiting
more.
Industry-level
stronger
effects
in
capital-
technology-intensive
sectors,
comparatively
minor
labor-intensive
industries.
These
results
extend
literature
clarifying
how
translates
into
identifying
contextual
conditions
amplify
or
attenuate
its
impact.
also
offer
practical
insights
for
aligning
strategies
policies
tailoring
sustainability
regulation
organizational
industry-specific
dynamics.
Journal of Applied Economics,
Journal Year:
2024,
Volume and Issue:
28(1)
Published: Dec. 18, 2024
The
role
of
ESG
is
not
confined
to
investments,
but
extends
the
influence
it
exerts
on
capital
markets.
This
study
investigates
impact
corporate
performance
information
environment.
Our
results
show
that
as
companies
demonstrate
higher
performance,
there
a
significant
increase
in
analyst
coverage,
an
enhancement
accuracy
public
information,
and
reduction
precision
private
information.
Further
analysis
reveals
market
environment
significantly
state-owned
companies,
non-heavily
polluting
industries,
eastern
regions.
only
examines
economic
consequences
from
perspective
market's
environment,
also
provides
practical
guidelines
for
policymakers
professionals
finance
sustainability
optimize
through
development
ESG.
