Does ESG advantage promote total factor productivity (TFP)? Empirical evidence from China’s listed enterprises DOI

Xiaochen Yu,

Yuhang Chen

Applied Economics, Год журнала: 2024, Номер unknown, С. 1 - 17

Опубликована: Апрель 2, 2024

The question of whether enterprises are incentivized to improve their environment, society, and governance(ESG)performance is uncertain since scholars have long debated or not ESG directly benefits the enterprise. In this study, research addressed by investigating potential effect on productivity net advantage yielded corporations taking specific behaviours. Using panel data A-share listed companies spanning from 2010 2022, paper draws multiple findings. Firstly, fundamental result study shows that corporate advantages significantly enhance relevant total factor productivity(TFP). This means firms a willingness adopt behaviours achieve due gains. Secondly, heterogeneous analysis indicates TFP for large, state-owned enterprises(SOEs),labour-intensive corporations, non-mature corporations. Thirdly, in terms influential mechanism, enhancing labour expenses reducing agency costs within enterprise while assisting overcoming external environment uncertainty. findings illuminate China's interested achieving enables high-quality development. Simultaneously, offers novel perspectives investors assess performance.

Язык: Английский

Addressing environment, social and governance (ESG) investment in China: Does board composition and financing decision matter? DOI Creative Commons
Naiping Zhu,

Ernest Nii Teiko Aryee,

Andrew Osei Agyemang

и другие.

Heliyon, Год журнала: 2024, Номер 10(10), С. e30783 - e30783

Опубликована: Май 1, 2024

This study examined the link between board composition and environment, social governance (ESG) investment, how financing decisions moderate this nexus. The constructed hypotheses using insights derived from stakeholder agency theories. We used secondary data 2010 to 2022 conduct an empirical analysis system Generalized Method of Moments (GMM) Fixed Effect (FE) estimators. found a positive significant relationship independence, sustainability committee, gender diversity, managerial ownership, meetings ESG investment. also negative connection CEO duality, size, foreign nationals on board, annual remuneration, Furthermore, significantly moderated results confirm importance in investment Chinese manufacturing firms. show that splitting chairperson roles frequent can improve company's Policymakers should facilitate company operations by providing regulations for

Язык: Английский

Процитировано

16

Innovation in shouldering green responsibility: ESG performance and green technology innovation DOI
Xiang Gao, Xixi He, Chuanwang Sun

и другие.

Energy Economics, Год журнала: 2025, Номер unknown, С. 108197 - 108197

Опубликована: Янв. 1, 2025

Язык: Английский

Процитировано

9

Green Awakening: The Rising Influence of Minority Shareholders and ESG in Shaping China's Sustainable Future DOI Creative Commons
Shanshan Yue,

Norkhairul Hafiz Bajuri,

Guang Ye

и другие.

Sustainable Futures, Год журнала: 2025, Номер unknown, С. 100441 - 100441

Опубликована: Янв. 1, 2025

Язык: Английский

Процитировано

3

How does perception of economic policy uncertainty affect corporate greenwashing? DOI
Shikuan Zhao, Ahmed Imran Hunjra, David Roubaud

и другие.

International Journal of Bank Marketing, Год журнала: 2025, Номер unknown

Опубликована: Фев. 14, 2025

Purpose In the context of macroeconomic fluctuations and uncertainty in policy changes, it is essential to understand how companies adapt their environmental strategies marketing tactics ensure survival growth. This study, therefore, examines impact perceived economic on corporate greenwashing. Design/methodology/approach Based panel data from listed Chinese A-share market between 2013 2022, this paper employs a high-dimensional fixed effects model explore (PEPU) greenwashing behavior. Findings The results show that higher PEPU increases greenwashing, with agency costs investor sentiment mediating relationship. Corporate credit availability managerial short-sightedness positively moderate effect. Heterogeneity analysis reveals non-state-owned enterprises central western regions, particularly those weak regulation high pollution, are most impacted by PEPU. Practical implications provides practical guidance for avoid phenomenon green reshuffle policies encourages take more real effective protection measures. Originality/value These findings highlight importance considering responses when formulating policies. They provide valuable insights emerging economies fostering genuine behavior promoting sustainable development.

Язык: Английский

Процитировано

2

The Effect of Environmental, Social, and Governance (ESG) Performance on Corporate Financial Performance in China: Based on the Perspective of Innovation and Financial Constraints DOI Open Access
Yiming Xu, Naiping Zhu

Sustainability, Год журнала: 2024, Номер 16(8), С. 3329 - 3329

Опубликована: Апрель 16, 2024

This paper analyzes the effects of Environmental, Social, and Governance (ESG) performance on corporate financial (CFP), enriching research intrinsic mechanism between ESG in developing countries. study uses a data sample A-share listed companies Shanghai Shenzhen, China from 2009 to 2021, adopts two-way fixed model methodology with time industries explore relationship two conjunction relevant basic theories. The findings indicate that exerts positive influence CFP by fostering innovation. Corporations good long term may be more conducive CFP. When corporations face constraints, role enhancing weakens. Heterogeneity analyses contributes non-state-owned enterprises (non-SOEs). negative moderating constraints is pronounced non-SOEs. Additionally, promotes improvement non-heavy polluting corporates. extends scientific foundation for how corporates can improve increase market competitiveness.

Язык: Английский

Процитировано

15

Environmental, social, and governance performance and corporate debt maturity in China DOI

Mengling Zhou,

Zizhen Huang, Kangqi Jiang

и другие.

International Review of Financial Analysis, Год журнала: 2024, Номер 95, С. 103349 - 103349

Опубликована: Май 4, 2024

Язык: Английский

Процитировано

15

ESG performance and green innovation in new energy enterprises: Does institutional environment matter? DOI
Miao Wang, Yiduo Wang, Shouxun Wen

и другие.

Research in International Business and Finance, Год журнала: 2024, Номер 71, С. 102495 - 102495

Опубликована: Июль 22, 2024

Язык: Английский

Процитировано

14

Does digital economy affect corporate ESG performance? New insights from China DOI

Lichuan Tian,

Kai Sun,

Yang Jie

и другие.

International Review of Economics & Finance, Год журнала: 2024, Номер 93, С. 964 - 980

Опубликована: Май 2, 2024

Язык: Английский

Процитировано

12

Environmental social and governance (ESG) disclosure motives for environmentally sensitive industry: an emerging economy perspective DOI Creative Commons
Muhammad Sani Khamisu, Ratna Achuta Paluri, Vandana Sonwaney

и другие.

Cogent Business & Management, Год журнала: 2024, Номер 11(1)

Опубликована: Март 4, 2024

Organizations disclose environmental, social, and governance (ESG) information for various reasons, including mandatory reporting regulations. However, environmentally sensitive corporations, ESG disclosure is not only a regulatory obligation. It also has the potential to promote corporate reputation. This study aims uncover motivating factors behind disclosures in an emerging economy. The research methodology employed includes (i) systematically reviewing literature following PRISMA protocol identify motives, (ii) integrating fuzzy set theory with interpretive structural modelling (FISM) developing hierarchical model understand interactions between (iii) applying Matrice d'impacts croisés multiplication appliquée á un classment (Fuzzy MICMAC) approach categorize motives. FISM shows that organizations primarily response stakeholders' pressures. results further highlight role of 'greenwashing' behaviour ethical considerations ESG. findings recommend feasible regulations are crucial improving quantity quality. one very few examining motives 'stepping-stone' implementing Understanding will enable policymakers draft policies greater sustainability commitment.

Язык: Английский

Процитировано

11

ESG score, analyst coverage and corporate resilience DOI

Hua Wu,

Ke Zhang,

Renyu Li

и другие.

Finance research letters, Год журнала: 2024, Номер 62, С. 105248 - 105248

Опубликована: Март 13, 2024

Язык: Английский

Процитировано

11