Minimum wage level and corporate ESG performance

Min Zhang, Dan Wu and Gongcheng Huang

Finance Research Letters, 2024, vol. 67, issue PA

Abstract: This paper explores the cost-effectiveness of minimum wage level and their relationship with corporate ESG performance from a theoretical perspective and empirically examines their impact on corporate ESG performance. The study finds that minimum wage level significantly promotes corporate ESG performance, even after considering endogeneity issues. Moreover, the impact of minimum wage level on corporate ESG performance varies across different geographical locations. The mechanism analysis reveals that minimum wage level primarily enhances corporate ESG performance by improving productivity.

Keywords: Minimum wage level; ESG performance; Productivity (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324008134

DOI: 10.1016/j.frl.2024.105783

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