The Impact of Green Credit Policy on Corporate Environmental Social Responsibility: The Moderating Role of Media Attention

Hongya Liu () and Haslindar Ibrahim ()
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Hongya Liu: Universiti Sains Malaysia, School of Management
Haslindar Ibrahim: Universiti Sains Malaysia, School of Management

A chapter in Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024), 2024, pp 440-454 from Springer

Abstract: Abstract This study aims to explore the impact of green credit policy on corporate environmental social responsibility (CESR), with a particular focus on the moderating role of media attention. All listed businesses in China’s A-share market between 2008 and 2022 make up the research sample, and the difference-in-differences (DID) model is used for analysis. The study finds that green credit policy significantly enhances corporate environmental social responsibility performance, with this effect being particularly pronounced in non-state-owned enterprises and heavily polluting companies. Media attention plays a moderating role in the process by which green credit policy influences corporate environmental social responsibility. Specifically, higher levels of media attention amplify this positive effect. This suggests that the environmental supervisory effect of the credit market depends on the perfection of the market environment, and media attention can promote the corporate undertaking of environmental social responsibility.

Keywords: Green Credit Policy; Corporate Environmental Social Responsibility (CESR); Difference-in-Differences (DID); Media Attention (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-638-3_44

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DOI: 10.2991/978-94-6463-638-3_44

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