ESG performance and investment efficiency

Yuanqiang Lian and Xiaowen Weng

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

Abstract: This paper selects China's A-share listed companies from 2010 to 2022 as a research sample to explore the impact of corporate environmental, social, and governance (ESG) performance on investment efficiency and the mechanism of its role. The findings show that ESG performance can significantly reduce performance volatility and thus improve corporate investment efficiency; ESG performance can alleviate corporate inefficient investment by enhancing market attention.

Keywords: ESG performance; Performance volatility; Investment efficiency; Market attention (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:s1544612324001144

DOI: 10.1016/j.frl.2024.105084

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