Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)

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Whether the Disclosure of ESG Information can Enhance Corporate Environmental Performance

Authors
Xinghao Wei1, Jie Yang2, *
1Foreign Language School, University of Electronic Science and Technology of China, Chengdu, 610054, China
2Asia-Europe Institute, University Malaya, Kuala Lumpur, 50603, Malaysia
*Corresponding author. Email: 23058766@siswa.um.edu.my
Corresponding Author
Jie Yang
Available Online 30 December 2024.
DOI
10.2991/978-94-6463-638-3_34How to use a DOI?
Keywords
strategic emerging industries; ESG performance; external financing capability; corporate environmental performance improvement
Abstract

With the concept of green and sustainable development deeply embedded in society, ESG (Environmental, Social, and Governance) disclosure and corporate environmental performance have become focal points for both enterprises and stakeholders. This study examines listed companies in China's strategic emerging industries from 2011 to 2023, using R language, calling gml package, through regression function, empirically testing whether ESG disclosure can promote and motivate improvements in corporate environmental performance. The analysis reveals that improving ESG performance enhances a company's external financing environment through two primary channels: increased attention from external analysts and enhanced resource investment. A heterogeneity analysis shows that ESG disclosure is more effective in improving the external financing environment for non-high-tech enterprises, companies with younger executives, non-state-owned enterprises, and firms in regions with higher market competition.

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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Volume Title
Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 December 2024
ISBN
978-94-6463-638-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-638-3_34How to use a DOI?
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.

Cite this article

risenwbib
TY  - CONF
AU  - Xinghao Wei
AU  - Jie Yang
PY  - 2024
DA  - 2024/12/30
TI  - Whether the Disclosure of ESG Information can Enhance Corporate Environmental Performance
BT  - Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)
PB  - Atlantis Press
SP  - 334
EP  - 344
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-638-3_34
DO  - 10.2991/978-94-6463-638-3_34
ID  - Wei2024
ER  -