Journal of Computational Methods in Sciences and Engineering,
Год журнала:
2024,
Номер
24(4-5), С. 2719 - 2731
Опубликована: Авг. 14, 2024
The
fixed
effects
regression
has
become
an
important
method
for
estimating
causal
from
panel
data.
Drawing
on
a
sample
of
282
companies
in
heavily-polluting
industries
China
2018
to
2021,
this
study
utilized
the
linear
empirically
examine
relationship
between
ESG
and
financial
performance.
Specifically,
employed
variable
replacement
IV-GMM
approaches
conduct
robustness
tests.
empirical
results
reveal
significant
positive
correlation
composite
scores
Among
dimensions
(E,
S,
G),
E
dimension
shows
correlation,
while
S
G
lack
correlation.
Notably,
most
prominently
promotes
In
China,
impact
is
East
but
not
Central
or
Western
regions.
