Synergies between ESG Performance and Financing Cost Control in Advanced Manufacturing Firms in the Digital Era DOI Open Access

Shuyi Zheng,

Tiantian Wang

Applied Mathematics and Nonlinear Sciences, Journal Year: 2024, Volume and Issue: 9(1)

Published: Jan. 1, 2024

Abstract In the context of digital era, advanced manufacturing firms exhibit significant synergies between their environmental, social, and governance performance cost control in financing. The purpose this paper is to design an endogenous transformation method for enterprises evaluate capability using entropy weight model. To analyze relationship enterprise’s ESG performance, regression equations are used collect data. proposal demonstration suggest analyzing synergistic effect enterprise financing manner. comprehensive ability shows a steady increase 2018 2023, brush most measured 0.064 0.076. After fixing industry time effects, one-unit improvement corporate associated with corresponding rise 0.0622. Lower costs can be achieved through better that have been digitally transformed. analysis proves hypothesis negatively correlated costs. summary, achieve more efficient greener development transformation, enhance sustainability capability.

Language: Английский

Unlocking ESG Performance Through Intelligent Manufacturing: The Roles of Transparency, Green Innovation, and Supply Chain Collaboration DOI Open Access
Hui Huang,

Jing Yang,

Changman Ren

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(23), P. 10724 - 10724

Published: Dec. 6, 2024

With the advancement of global sustainable development goals and introduction ‘dual-carbon’ strategy, intelligent manufacturing (IM) has become an important pathway to promote transformation upgrading enterprises. However, ways in which IM enhances environmental, social, corporate governance (ESG) performance, along with its potential mechanisms, remain unexplored. This study employs a two-way fixed-effects model panel data from 4417 Chinese listed firms spanning period 2009–2022 examine these relationships. It is found that significantly improves ESG performance. Robustness tests confirm reliability results, mechanism analysis highlights mediating effects information transparency, green technology innovation, supply chain collaborative innovation. Furthermore, heterogeneity indicates notably stronger effect high-carbon-emission sectors, state-owned enterprises, high-tech industries. suggests policymakers should design differentiated policies based on industry firm characteristics adoption foster strategies. research contributes expanding theoretical understanding how affects while also providing empirical evidence for enterprises governments transformation.

Language: Английский

Citations

2

Under the ESG Dome of China DOI Open Access
Binbin Yang, Sang-Do Park

Sustainability, Journal Year: 2024, Volume and Issue: 16(16), P. 6983 - 6983

Published: Aug. 15, 2024

Implementing ESG is crucial for China’s modernization journey and corporate sustainability. To deeply understand the current standing of in China, this study leverages online data richness using text mining techniques, specifically Latent Dirichlet Allocation (LDA) ego network analysis. LDA utilized to identify prevalent discussion topics on ESG, while analysis applied examine relationships influences among key stakeholders. The scientific aim research topics, stakeholders, determine core focus areas Chinese society. findings highlight popular such as investment, notion, green finance transformation, rating. These underscore growing concern environmental protection social responsibility. sustainable development, company responsibility, eco-friendliness, framing harmonized progress across economic, social, realms. Interestingly, governance discourse sparse; reasons are analyzed. Through discussions aims enhance policymakers’ participants’ understanding true status being practical significance policy formulation appropriate strategies.

Language: Английский

Citations

1

Intelligent Manufacturing and Value Creation in Enterprises: Lessons from a Quasi-Natural Experiment in a Chinese Demonstration Project DOI Open Access
Zhao-Zhen Zhu, Yue Chen, Zhao Jiang

et al.

Sustainability, Journal Year: 2023, Volume and Issue: 15(15), P. 11611 - 11611

Published: July 27, 2023

With the rapid advancement of contemporary information technologies, intelligent manufacturing has emerged as a pivotal direction in global technological transformation. To empirically examine impact on enterprise value creation, this article conducts quasi-natural experiments using Chinese demonstration projects sample. Specifically, it focuses A-share-listed enterprises Shanghai and Shenzhen from 2011 to 2020. According report, implementation positive influence production. This conclusion remains robust even after undergoing rigorous testing procedure. Mechanism analysis further reveals that alleviating financial constraints fostering innovation are two primary avenues through which enhances creation. Moreover, study indicates regions with favorable business environments experience more conspicuous boost generation due manufacturing. Additionally, businesses growth stage significantly affected by phenomenon. Overall, research not only contributes existing body knowledge subject but also offers empirical evidence support their endeavors enhance

Language: Английский

Citations

3

"Greenwashing" or "Helping": ESG Performance and Chinese Firm Total Factor Productivity DOI Creative Commons
Jing Zhang, Ziyang Liu

Journal of Engineering Research and Sciences, Journal Year: 2024, Volume and Issue: 3(3), P. 1 - 12

Published: March 1, 2024

As the market economy has continued to develop, businesses have consistently prioritized profits, excessively emphasizing income and financial gains while neglecting ecological conservation fraud.Consequently, phenomenon of "greenwashing" emerged.How prevent this pursuing economic benefits enabling high-quality business development become a focal point.Therefore, paper analyzes whether ESG (Environmental, Social, Governance) performance listed companies an impact on enhancement Total Factor Productivity (TFP) enterprises.This study aims explore how companies, striving maximize interests, can more proactively undertake environmental protection social responsibility, thereby promoting green transformation enterprises.Using A-share from 2012 2022 as sample, through empirical examination correlation between in China TFP enterprises, following conclusions are drawn: (1) significantly promotes indicating that higher corresponds TFP; (2) Through intermediary effect tests, it is found corporate reputation plays role enhancing enterprises.That is, good performance, company's improved, leading (3) Heterogeneity analysis demonstrates significant large-scale enterprises state-owned enterprises.

Language: Английский

Citations

0

Factors affecting the readiness for ESG reporting in Vietnamese enterprises DOI Creative Commons

Nguyen Thi Phuong Dung,

Lien Thi Huong Nguyen, Nguyen Thi Mai Anh

et al.

Problems and Perspectives in Management, Journal Year: 2024, Volume and Issue: 22(3), P. 263 - 275

Published: July 30, 2024

Countries around the world are taking further steps toward transparency and corporate sustainability. Environmental, social, governance (ESG) reporting will be required for all firms listed on European exchanges as of 2026 according to Corporate Sustainability Reporting Directive. Meanwhile, companies’ rate in Vietnam disclosing ESG information is still limited. There an empirical gap between theory practices Vietnam. Therefore, this study aims investigate determinants affecting readiness Vietnamese enterprises. Survey questionnaires quantitative analysis employed based structural models using SmartPLS4 software analyze sample 169 manufacturing, commercial, service enterprises The findings show that accountant qualifications, management processes, women boards, technology systems positively affect firms’ report ESG. relationship business executives’ awareness, public media pressure, governmental guidelines, not statistically supported. Based research results, should increase women’s participation facilitate professional development training accountants, invest systems, improve processes enhance adoption

Language: Английский

Citations

0

CAN ESG PERFORMANCE DRIVE FIRM INNOVATION? THE MEDIATING ROLE OF AI ADOPTION AND DIGITAL TRANSFORMATION — EVIDENCE FROM CHINA DOI
X. W. He

International Journal of Innovation Management, Journal Year: 2024, Volume and Issue: 28(05n06)

Published: Aug. 1, 2024

The effectiveness of Environmental, Social, and Governance (ESG) on corporate performance is an area growing interest with significant practical implications. However, the role ESG in fostering innovation has received limited attention, mechanisms through which factors influence remain inadequately understood. This paper empirically investigates impact capabilities using a sample Chinese A-share listed companies from 2010 to 2021. results indicate that significantly enhances capacity, mediated by degree artificial intelligence (AI) adoption digital transformation. By employing concept organisational innovation, this study elucidates performance, addressing gap existing research. findings offer valuable insights for enterprises aiming improve their competitive advantage provide crucial foundation policymakers seeking enhance targeted reforms.

Language: Английский

Citations

0

Leveraging machine learning to uncover the dynamic evolution of business models in intelligent manufacturing DOI

Weihong Xie,

Rongkang Chen,

Zhongshun Li

et al.

Computers & Industrial Engineering, Journal Year: 2024, Volume and Issue: unknown, P. 110597 - 110597

Published: Sept. 1, 2024

Language: Английский

Citations

0

The Interaction Effects of Board Independence and Digital Transformation on Environmental, Social, and Governance Performance: Complementary or Substitutive? DOI Open Access

Jason C Yu,

Yong-Sik Hwang

Sustainability, Journal Year: 2024, Volume and Issue: 16(20), P. 9098 - 9098

Published: Oct. 21, 2024

Both board independence (BI) and digital transformation (DT) play important roles in promoting Environmental, Social, Governance (ESG) performance. However, few studies have focused on their interaction effects ESG performance (ESGP). The study selected Chinese A-share listed companies from 2013 to 2023 as the research sample used a moderating effect model test complementary or substitutive relationship between two. empirical results show that there is effect, rather than one. Further analysis of individual pillars revealed BI DT primarily reflected corporate governance. Moreover, this more pronounced state-owned enterprises non-manufacturing enterprises, supervision mechanisms may stronger role traditional independent director oversight mechanisms. These findings uncover complex two governance ESGP, offering insights for managers; need strike balance “human governance” “digital maximize ESGP.

Language: Английский

Citations

0

The Sustainability-Dividend Nexus: An Emerging Markets Perspective DOI
Neha Malik, Smita Kashiramka

Published: Jan. 1, 2024

Based on stakeholder and agency theories, this research explores the relationship between sustainability disclosure by firms their dividend payouts in emerging economies. Various measures like likelihood of paying dividends, stability disbursed, payout ratio, yield are employed to test hypotheses. The findings demonstrate that higher ESG scores associated with a greater making payments, ensuring these payments delivering implied shareholder returns through yield. Importantly, results remain robust across various sensitivity analyses. These hold implications for investors, managers, policymakers.

Language: Английский

Citations

0

Smart Manufacturing and Enterprise Breakthrough Innovation: Co-Existence Test of “U-Shaped” and Inverted “U-Shaped” Relationships in Chinese Listed Companies DOI Open Access

Hui Guang,

Ying Liu, Jiao Feng

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(14), P. 6181 - 6181

Published: July 19, 2024

This study, using the Technology Acceptance Model and Innovation Diffusion Theory, utilizes datasets from A-share manufacturing companies listed on China’s stock exchange 2010 to 2022 examine impact of smart dimensions enterprise breakthrough innovation moderating role service-oriented transformation. The findings reveal a “U-shaped” relationship between width innovation, an inverted depth innovation. Furthermore, enterprises’ transformation positively moderates these relationships. study is limited by its focus Chinese companies, which may restrict generalizability results other regions. Future research should consider broader sample, validate extend findings. Nevertheless, provide theoretical basis practical insights for intelligent service transformation, promoting

Language: Английский

Citations

0