“Good medicine is bitter” or “drinking poison to quench thirst”? The impact of maturity mismatch on corporate ESG performance

Song Nie and Qiang Ji

Finance Research Letters, 2024, vol. 69, issue PA

Abstract: The maturity mismatch can influence corporate behavior to some extent, so whether they affect corporate ESG performance becomes an issue worthy of attention. This paper verifies maturity mismatch's negative effect on corporate ESG performance. This inhibitory effect acts through governance performance and productive efficiency. Furthermore, the negative impact of maturity mismatch on corporate ESG performance varies heterogeneously with different ownership and financing constraints.

Keywords: Maturity mismatch; Corporate ESG performance; Total factor productivity; Governance performance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:69:y:2024:i:pa:s1544612324011553

DOI: 10.1016/j.frl.2024.106126

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