Sustainability, Год журнала: 2025, Номер 17(7), С. 2862 - 2862

Опубликована: Март 24, 2025

Risk-taking is a critical driver of sustainable development and financial performance for firms, especially under environmental degradation constraints. Despite the increasing implementation green credit policies, their impact on corporate risk-taking remains underexplored in existing literature. This study investigates effects underlying mechanisms policies behaviors among Chinese listed companies from 2009 to 2019. Utilizing econometric methodologies, including Difference-in-Differences, mediation analysis, moderation findings reveal that significantly enhance activities polluting enterprises. These results are robust across various sensitivity tests. Additionally, relationship between mediated by debt maturity mismatch moderated ESG executive compensation. Subgroup analyses indicate large state-owned enterprises experience greater increases compared small, medium-sized, private counterparts. Furthermore, remuneration notably amplifies firms. research provides essential micro-level insights optimize effectiveness promoting advancing development.

Язык: Английский