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.
ABSTRACT
The
transformation
of
resource‐exhausted
cities
is
great
significance
to
the
sustainable
development
region,
but
effect
supportive
policy
for
has
yet
be
examined.
This
study
empirically
analyzes
impact
on
industrial
based
prefecture‐level
data
in
China
from
2006
2012
using
time‐varying
difference‐in‐differences.
finds
that
increases
urban
per
capita
GDP
a
negative
proportion
tertiary
industry
and
passes
series
robustness
tests.
Further
analysis
shows
dynamic
becomes
more
significant
with
stronger
local
government
capacity
higher
marketization
level.
Mechanism
reveals
influences
by
affecting
innovation,
capital
allocation,
labor
allocation.
results
existence
“resource
curse
amplification”
policies,
provides
empirical
support
conditional
resource
theory,
challenges
static
inevitability
curse.”
Additionally,
it
also
re‐examines
relationship
between
market,
potential
risks
“government‐led
transformation,”
which
echoes
paradox
state
capacity,
enriches
research
place‐based
.
Business Strategy and the Environment,
Год журнала:
2025,
Номер
unknown
Опубликована: Май 26, 2025
ABSTRACT
Driven
by
the
growing
focus
on
decarbonisation
and
energy
economic
dynamics
in
emerging
economies,
this
study
examines
interplay
between
executive
compensation
(EC),
sustainability‐based
(SBC),
board
sustainability
committee
initiative
(BSCI),
corporate
transition
initiatives
(CETIs),
carbon
emissions
(CCEs)
firm
performance
(FP)
using
a
multi‐theoretical
framework.
Analysing
panel
dataset
from
13
economies
spanning
2002–2022,
we
find
that
SBC
positively
influences
CETIs,
while
EC
has
no
significant
effect.
Our
results
also
show
do
not
impact
CCE.
BSCI
affects
CETIs
but
influence
Additionally,
moderates
relationship
CCE,
highlighting
critical
role
of
governance
structures.
While
are
associated
with
low
FP,
CCE
appears
to
have
direct
FP.
These
findings
vary
across
business
operating
periods
remain
robust
under
alternative
measures,
addressing
potential
endogeneities
sample
selection
bias.
The
provide
insights
for
policy
makers
practitioners
aiming
enhance
practices
economies.
Sustainability,
Год журнала:
2024,
Номер
16(13), С. 5802 - 5802
Опубликована: Июль 8, 2024
The
integrated
planning
of
central
and
local
emission
reduction
tasks
is
crucial
for
achieving
sustainable
economic
development,
corporate
ESG
performance
aligns
with
the
principles
having
become
a
prominent
topic
in
academic
research.
This
paper
empirically
investigates
impact
regional
carbon
reductions
on
enterprises
from
2009
to
2021
using
provincial
data
China.
findings
indicate
that
significantly
enhance
firms.
underlying
mechanism
facilitate
obtaining
green
credit,
attracting
media
coverage
investors
thus
improving
performance.
Second,
heterogeneity
tests
reveal
firms
more
regions
stricter
environmental
regulations,
within
heavily
polluted
industries,
among
less
digitized
enterprises.
Finally,
further
analysis
demonstrates
residents’
can
enterprises,
exerting
dual
effect
after
this
study
provide
valuable
insights
into
low-carbon
development
various
entities
collaborative
promotion
transformation.
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.
