气候变化领域集成服务门户(CCPortal): Does carbon control policy risk affect corporate ESG performance?

CCPortal

DOI	10.1016/j.econmod.2022.106148
	Does carbon control policy risk affect corporate ESG performance?
	Shu, Hao; Tan, Weiqiang
发表日期	2023
ISSN	0264-9993
EISSN	1873-6122
卷号	120
英文摘要	An important manifestation of corporate sustainability is environmental, social, and governance (ESG) perfor-mance. Based on a dataset of listed industrial firms in China from 2010 to 2019, carbon control policy risk negatively and significantly impacts corporate ESG performance, with financing constraints and bank loan costs as potential channels. This negative relationship is especially pronounced among non-state-owned firms, firms that are non-green innovation-sensitive, firms in carbon-sensitive industries, and firms located in regions with strict environmental regulations. It is also apparent in firms with higher institutional investor ownership and lower analyst coverage. Our findings can serve as possible action guidelines for firms aiming to address carbon control policy risks and actively invest in ESG activities.
英文关键词	Climate change; Carbon control policy risk; China; ESG performance
语种	英语
WOS研究方向	Economics
WOS类目	Social Science Citation Index (SSCI)
WOS记录号	WOS:000918131900001
来源期刊	ECONOMIC MODELLING
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/281310
作者单位	Central South University; Education University of Hong Kong (EdUHK)
推荐引用方式 GB/T 7714	Shu, Hao,Tan, Weiqiang. Does carbon control policy risk affect corporate ESG performance?[J],2023,120.
APA	Shu, Hao,&Tan, Weiqiang.(2023).Does carbon control policy risk affect corporate ESG performance?.ECONOMIC MODELLING,120.
MLA	Shu, Hao,et al."Does carbon control policy risk affect corporate ESG performance?".ECONOMIC MODELLING 120(2023).