Does supply chain finance improve firms’ ESG performance?

Shaohua Wang, Hong Hu and Hong Fan

Economics Letters, 2025, vol. 247, issue C

Abstract: This study investigates the impact of supply chain finance (SCF) participation on firms’ ESG performance by studying Chinese companies between 2011 and 2021. We find a significant positive association between SCF participation and ESG performance. Additional analysis indicates that SCF improves ESG by alleviating financial constraints and enhancing operational scrutiny. The results are consistent across various ESG and SCF measures and remain robust after endogeneity concerns are addressed.

Keywords: Supply chain finance; ESG; Financing constraints (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:247:y:2025:i:c:s0165176524005822

DOI: 10.1016/j.econlet.2024.112098

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