Influencing pathways of mountain-waters project pilot policy on corporate ESG in China DOI Creative Commons

Zhu Hong-gen,

Jianjun Li, Limin Zhang

et al.

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: April 24, 2025

Introduction: Although considerable research has explored factors affecting corporate ESG performance and environmental policies, few studies integrate these dimensions to assess the Mountains-Waters Project pilot policy—an expansive ecological restoration initiative in China. This study aims examine policy's effects on within Yangtze River Economic Belt, a critical economic region Methods: To investigate of policy, we use panel data from 129 publicly listed companies across 76 districts (2009—2023). A multi-period difference-in-differences (DID) model is employed analyze impact policy performance. Results: The findings show that significantly enhances operate through three primary mechanisms: promoting green technologies, boosting media attention, strengthening government oversight practices. Furthermore, are more pronounced for high-tech non-state-owned enterprises, suggesting heterogeneous responses interventions. Discussion These results provide novel empirical evidence role policies advancing sustainability. They also offer valuable insights design implementation future especially regions with significant importance like Belt.

Language: Английский

Influencing pathways of mountain-waters project pilot policy on corporate ESG in China DOI Creative Commons

Zhu Hong-gen,

Jianjun Li, Limin Zhang

et al.

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: April 24, 2025

Introduction: Although considerable research has explored factors affecting corporate ESG performance and environmental policies, few studies integrate these dimensions to assess the Mountains-Waters Project pilot policy—an expansive ecological restoration initiative in China. This study aims examine policy's effects on within Yangtze River Economic Belt, a critical economic region Methods: To investigate of policy, we use panel data from 129 publicly listed companies across 76 districts (2009—2023). A multi-period difference-in-differences (DID) model is employed analyze impact policy performance. Results: The findings show that significantly enhances operate through three primary mechanisms: promoting green technologies, boosting media attention, strengthening government oversight practices. Furthermore, are more pronounced for high-tech non-state-owned enterprises, suggesting heterogeneous responses interventions. Discussion These results provide novel empirical evidence role policies advancing sustainability. They also offer valuable insights design implementation future especially regions with significant importance like Belt.

Language: Английский

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