Supply chain ESG and non-financial corporate shadow banking: Evidence from China

Chunyan Zhao, Zhongxin Gan and Zhibo Xu

Finance Research Letters, 2024, vol. 66, issue C

Abstract: This paper examines the impact of supply chain ESG on non-financial corporate shadow banking using data on Chinese listed firms from 2009 to 2022. We find that improved supply chain ESG performance effectively inhibits non-financial corporate shadow banking. Mechanism tests indicate that supply chain ESG enhances information transparency, encourages entity investment and alleviates financial constraints. In addition, the negative effect is more pronounced in more marketized regions. Overall, this paper approaches shadow banking from a brand-new perspective that integrates supply chain and ESG.

Keywords: Supply chain; ESG; Shadow banking (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:66:y:2024:i:c:s1544612324007128

DOI: 10.1016/j.frl.2024.105682

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