Informal Environmental Regulation and Corporate ESG Performance

DOI

10.2991/978-94-6463-488-4_59How to use a DOI?

Keywords

Informal environmental regulation; ESG; Environmental investment; Executive environmental awareness

Abstract

In recent years, the environment, society, and governance have played an increasingly important role in the development of enterprise operations. However, the driving factors of ESG performance have not been fully studied. This paper takes China’s A-share listed companies in Shanghai and Shenzhen from 2011-2021 as a sample, and theoretically analyzes and empirically tests the impact of informal environmental regulation on enterprise ESG performance. The research results show that informal environmental regulation has a significant positive impact on enterprise ESG performance, which is still valid after multiple robustness tests and endogenous tests. We verified that executive environmental awareness has a moderating effect on the relationship between informal environmental regulations and ESG performance. Further analysis indicates that the research findings are more pronounced for companies with high reputation and high analyst coverage. Our research enriches the literature on ESG driving factors and highlights the supervisory role of informal environmental regulations in promoting sustainable development of enterprises.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Dianmin Yu
AU  - Anran Zhang
PY  - 2024
DA  - 2024/08/29
TI  - Informal Environmental Regulation and Corporate ESG Performance
BT  - Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)
PB  - Atlantis Press
SP  - 521
EP  - 533
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-488-4_59
DO  - 10.2991/978-94-6463-488-4_59
ID  - Yu2024
ER  -