In recent years, academics have paid more attention to green finance, and public companies have reached a broad consensus on the concept of timely environmental, social, and governance (ESG) disclosure. Due to the close relationship between green finance and ESG, this presents an opportunity to determine whether green finance compels companies to actively disclose ESG. The sample for this study consists of China's non-financial A-share listed companies from 2010 to 2021, and the empirical findings demonstrate that green finance can positively influence the ESG performance of listed companies. Through an analysis of heterogeneity, this study reaches the following conclusions: state-owned enterprises, heavy pollution companies, and companies in low-carbon pilot cities perform better in terms of green finance's role in promoting ESG scoring. This study also introduces market concentration and social trust as the moderating variables, enriching the green finance research framework. Through the analysis of moderating variables, the 'black box' effect of green finance on ESG is disclosed, providing theoretical support for the government and companies to better comprehend the policy effect as well as a reference for reform and experimental promotion of green finance.
Download full-text PDF |
Source |
|---|---|
| http://dx.doi.org/10.1007/s11356-023-30139-x | DOI Listing |
Publication Analysis
Top Keywords
Similar Publications
Higher potential leaching of inorganic and organic additives from biodegradable compared to conventional agricultural plastic mulch film.
J Hazard Mater
January 2025
Organic Geochemistry Unit, School of Chemistry, University of Bristol, Cantock's Close, Bristol BS8 1TS, UK; School of Geography, University of Bristol, Bristol BS8 1SS, UK.
Plastic mulch films support global food security, however, their composition and the potential release rates of organic, metal and metalloid co-contaminants remains relatively unknown. This study evaluates the low molecular weight organic additives, metal and metalloid content and leaching from low density polyethylene (LDPE) and biodegradable plastic mulch films. We identified 59 organic additives, and non-intentionally added substances in the new LDPE films (39.
View Article and Find Full Text PDFIs place-based supportive policy necessary to reduce corporate emissions? Firm-level evidence from China.
J Environ Manage
January 2025
Economics and Management School, Wuhan University, Wuhan, 430072, China. Electronic address:
Although a considerable body of research has documented the effects of environmental regulation, spatially differentiated sustainability pressures in China call for diversified environmental governance policies. Based on the Sustainable Development Policy for Resource-based Cities (SDPRC) implemented in 2007, we adopt a staggered difference-in-differences approach using firm-level data to investigate the microeffects and mechanisms of place-based supportive policy on corporate emissions. We find strong and robust evidence that the SDPRC has significantly reduced corporate emissions.
View Article and Find Full Text PDFAn integrated participatory framework for WEFE nexus strategic planning: The Jordan Valley case study.
J Environ Manage
January 2025
Department of Environmental Economics & Management, The Hebrew University of Jerusalem, Israel.
The Jordan Valley (JV) is a critical region where the interplay of water, energy, food, and ecosystem (WEFE) dynamics presents both challenges and opportunities for sustainable development and climate change mitigation and adaptation. In such a transboundary river basin with acute nexus problems and a long history of conflicts, it is essential that conscious efforts are made to pluralize the debate and actively encourage stakeholders' empowerment, participation and fair collaboration in strategic planning. An integrated framework for participatory strategic planning in the WEFE nexus is proposed, which has been developed in the context of the JV case study.
View Article and Find Full Text PDFDo market-based environmental regulations always promote enterprise green innovation commercialization?
J Environ Manage
January 2025
School of Economics and Management, Harbin Institute of Technology (Shenzhen), Shenzhen, China. Electronic address:
Motivated by increasingly strengthened market-based environmental regulations, enterprises intend to pursue both pollution reduction and competitive edge through developing green innovation. Although the volume of green innovation has increased substantially, some of them are not successfully commercialized to pay rewards for enterprises. Hence, how market-based environmental regulations affect enterprise green innovation commercialization is urgently to be explored.
View Article and Find Full Text PDFNonnegligible transition risks towards net-zero economy: Lessons from green finance initiatives in China.
J Environ Manage
January 2025
Institute of Blue and Green Development, Shandong University, Weihai, 264209, China; Faculty of Finance, City University of Macau, Macao, China. Electronic address:
Owing to critical policy significance, a growing body of literature has been predominantly concentrating on the social welfare benefits brought by green finance (GF) initiatives. However, there is a paucity of research that quantifies the economic costs of GF initiatives on carbon reduction, raising the increasing concerns about the irreconcilable climate-economy trade-offs. To end this, the present study systematically investigates the influence of GF initiatives on the carbon-related marginal abatement cost (MAC) using two competing hypotheses: regulatory versus technical effects.
View Article and Find Full Text PDFWant AI Summaries of new PubMed Abstracts delivered to your In-box?
Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!