Corporate Climate Investments and Their Impact on Financing Decisions: Evidence From Leading Firms in the Brown Economy DOI
Bilal Haider Subhani,

Zunhuan Shen,

An Pengbei

и другие.

Managerial and Decision Economics, Год журнала: 2025, Номер unknown

Опубликована: Май 21, 2025

ABSTRACT This study explores the supporting dynamics of trade‐off notion and Porter's win–win hypothesis by conducting an empirical analysis between corporate climate investments (CCI) strategic financial management approaches. For this purpose, we consider Chinese A‐shares listed corporations from 2010 to 2022. Utilizing a two‐step system generalized method moment (GMM) for regression analysis; findings reveal inverse relationship CCI debt financing approach (DFA) because institutions incorporate environmental risks into their lending decisions, leading higher interest rates that deter leveraging debt. However, notable positive correlation exists equity (EFA). arises in climate‐related initiatives significantly enhance corporation's public image, demonstrating its commitment sustainability social responsibility. Such actions foster investor goodwill trust, aligning with broader sustainable development goals. Consequently, alignment renders EFA increasingly appealing investors. These highlight importance contemporary finance, underlining twofold capacity sustainability. Moreover, challenges traditional Trade‐off paradigm, which posits companies must choose economic performance. In contrast, it supports hypothesis, advocating integrated strategy aligns sustainability, highlighting potential businesses achieve both objectives simultaneously.

Язык: Английский

External Governance and Corporate Behavior: Impact of Negative Media Coverage Pressure on ESG Rating Divergence DOI Creative Commons
Asif Ali, Farman Ali

Borsa Istanbul Review, Год журнала: 2025, Номер unknown

Опубликована: Май 1, 2025

Язык: Английский

Процитировано

0
Corporate Climate Investments and Their Impact on Financing Decisions: Evidence From Leading Firms in the Brown Economy DOI
Bilal Haider Subhani,

Zunhuan Shen,

An Pengbei

и другие.

Managerial and Decision Economics, Год журнала: 2025, Номер unknown

Опубликована: Май 21, 2025

ABSTRACT This study explores the supporting dynamics of trade‐off notion and Porter's win–win hypothesis by conducting an empirical analysis between corporate climate investments (CCI) strategic financial management approaches. For this purpose, we consider Chinese A‐shares listed corporations from 2010 to 2022. Utilizing a two‐step system generalized method moment (GMM) for regression analysis; findings reveal inverse relationship CCI debt financing approach (DFA) because institutions incorporate environmental risks into their lending decisions, leading higher interest rates that deter leveraging debt. However, notable positive correlation exists equity (EFA). arises in climate‐related initiatives significantly enhance corporation's public image, demonstrating its commitment sustainability social responsibility. Such actions foster investor goodwill trust, aligning with broader sustainable development goals. Consequently, alignment renders EFA increasingly appealing investors. These highlight importance contemporary finance, underlining twofold capacity sustainability. Moreover, challenges traditional Trade‐off paradigm, which posits companies must choose economic performance. In contrast, it supports hypothesis, advocating integrated strategy aligns sustainability, highlighting potential businesses achieve both objectives simultaneously.

Язык: Английский

Процитировано

0