Environment, social, and governance performance and corporate financing constraints

Yun Hao and Wenzhao Wu

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

Abstract: This study selects the data of A-share listed companies in China from 2010 to 2022 as a research sample. We explore the relationship between corporate environment, social, and governance (ESG) performance, corporate financing constraints, and the transmission mechanism. Our findings show that corporate ESG performance reduces corporate financing constraints. Non-state-owned enterprises reduce financing constraints more than state-owned enterprises through corporate ESG performance. Finally, intermediary impacts of information and resource effects in ESG performance affect corporate financing constraints.

Keywords: ESG; Financing constraints; Information effect; Resource effect (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324001132
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001132

DOI: 10.1016/j.frl.2024.105083

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().