The impact of green finance on the peer effect of corporate ESG information disclosure

Zhidong Liang and Xiao Yang

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: In this paper, we empirically examine the impact of green finance on the peer effect of ESG information disclosure based on listed firms in China's stock markets between 2012 and 2021. We show that green finance plays a significant role in promoting the peer effect of firm ESG information disclosure, which is specifically driven by access to green credit, in comparison to other green finance financing options. Green finance can amplify the peer effect of ESG information disclosure by alleviating financing constraints. Overall, this study contributes to the understanding of the interaction mechanism between green finance and firm ESG information disclosure, offering policy implications for enhancing firm-level ESG information disclosure.

Keywords: Green finance; ESG; Information disclosure; Peer effect (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001107

DOI: 10.1016/j.frl.2024.105080

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