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

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

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