The North American Journal of Economics and Finance, Год журнала: 2025, Номер unknown, С. 102431 - 102431
Опубликована: Апрель 1, 2025
Язык: Английский
Finance research letters, Год журнала: 2025, Номер unknown, С. 107284 - 107284
Опубликована: Март 1, 2025
Язык: Английский
Процитировано
1
Humanities and Social Sciences Communications, Год журнала: 2024, Номер 11(1)
Опубликована: Июль 30, 2024
According to external pressure theory and reputation theory, reputation-oriented enterprises will experience as societal attention increases, enhanced ESG performance can mitigate information asymmetry boost reputation, thereby signaling customers the company's commitment sustainable development. Based on data of A-share listed firms in China, this paper manually compiles detailed corporate customers, explores relationship between firm's customer stability using a two-way fixed-effects model. The results show that: (1) Firms with advantages enhance stability, higher score, more significant improvement stability; (2) mechanism test indicates that firms' improves by strengthening internal regulation well enhancing reputation; (3) heterogeneity analysis high governance level small-sized firms, effect is significant, sub-test, environmental social responsibility have impact stability. This provides implications for improving stabilizing supply chain.
Язык: Английский
Процитировано
6
Ecological Indicators, Год журнала: 2024, Номер 166, С. 112463 - 112463
Опубликована: Авг. 8, 2024
Язык: Английский
Процитировано
5
Research in International Business and Finance, Год журнала: 2024, Номер unknown, С. 102670 - 102670
Опубликована: Ноя. 1, 2024
Язык: Английский
Процитировано
5
Journal of Environmental Management, Год журнала: 2024, Номер 360, С. 121235 - 121235
Опубликована: Май 25, 2024
Язык: Английский
Процитировано
4
Journal of Cleaner Production, Год журнала: 2024, Номер 486, С. 144465 - 144465
Опубликована: Дек. 12, 2024
Язык: Английский
Процитировано
4
International Studies of Economics, Год журнала: 2024, Номер 19(3), С. 374 - 405
Опубликована: Май 6, 2024
Abstract Environmental, social, and governance (ESG) performance is crucial for companies to attain sustainable development, which a key reference assessing the value growth potential of company. Government subsidies can provide incentives prioritize environmental preservation, meet their social duties, improve performance. This paper empirically examines effects mechanisms government on corporate ESG performance, using an Ologit multiple ordered regression model based data from Chinese listed companies. We find that not only do total significantly firms' but both non‐environmental also have similar effect, albeit with different impact mechanisms. The analysis mechanism suggests enhance by promoting green innovation, alleviating financing constraints, increasing charitable donations, attracting attention. holds significant practical as it presents empirical findings basis reforming China's subsidy policies, showcasing actual diverse policies heterogeneity.
Язык: Английский
Процитировано
3
International Journal of Finance & Economics, Год журнала: 2024, Номер unknown
Опубликована: Авг. 28, 2024
Abstract In this study, we examine the effect of environmental, social, and governance (ESG) performance, firms, industry, macroeconomics, financial determinants on corporate capital structure. Using a sample 3420 listed firms from BRICS (Brazil, Russia, India, China, South Africa) countries over period 2013 to 2022, key findings are summarised as follows: ESG performance negatively impacts market leverage, whereas it positively affects book implying that with higher score benefit lower financing costs. Firm characteristics, such tangibility assets size firm, have positive impact profitability, growth opportunity, business risk negative impact. Industry‐level determinants, munificence industry concentration, affect dynamism has effect. Additionally, GDP inflation associated leverage. Private credit structure, while stock development A sub‐sample (country‐wise) analysis highlights varying across countries, showing effects scores The study implications for firm managers policymakers, stressing need align strategies sustainability, economic conditions in these influential countries.
Язык: Английский
Процитировано
3
International Review of Economics & Finance, Год журнала: 2024, Номер unknown, С. 103726 - 103726
Опубликована: Ноя. 1, 2024
Язык: Английский
Процитировано
3
Sustainability, Год журнала: 2025, Номер 17(5), С. 1961 - 1961
Опубликована: Фев. 25, 2025
Carbon taxes and carbon markets both contribute to mitigating emissions in China’s power industry. Nevertheless, the pricing mechanism within national market, confined solely sector, faces challenges accurately reflecting diverse costs of emission-reduction efforts across various regions. Similarly, encounter difficulties effectively harnessing inherent capabilities enterprises. This study investigates which carbon-pricing mechanism—a tax or market—can better promote neutrality coal-based electricity Using a stochastic price model, we reveal shocks market under different goals. Taking China Emission Trading Market as research object, results are follows: First, could significantly trigger volatility industry, while market’s shock effect on industry’s is more significant than that tax. Second, through mechanisms, be reduced by much 20%—a key premise achieving this goal keeping at level 100 yuan/ton. Third, range price, policy based, does not manifest incentivizing economic instruments emission reduction Policy allows for an upper limit 15% floating price. By clarifying linkage between tools costs, contributes developing help industry achieve timely manner.
Язык: Английский
Процитировано
0