Does carbon control policy risk affect corporate ESG performance?

Shu, Hao; Tan, Weiqiang

doi:10.1016/j.econmod.2022.106148

Cited by 96 publications

(36 citation statements)

References 38 publications

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“…This suggests significant variation in CO2 emissions among the sample firms 2 . The main variables are in line with prior literature in Table 2 [ 4 , [49] , [50] , [51] , [52] , [53] ].…”

Section: Resultssupporting

confidence: 65%

Carbon reduction and corporate sustainability: Evidence from low-carbon city pilot policy

Yu,

Li,

2024

Heliyon

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“…This suggests significant variation in CO2 emissions among the sample firms 2 . The main variables are in line with prior literature in Table 2 [ 4 , [49] , [50] , [51] , [52] , [53] ].…”

Section: Resultssupporting

confidence: 65%

Carbon reduction and corporate sustainability: Evidence from low-carbon city pilot policy

Yu,

Li,

2024

Heliyon

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“…, 2022). ESG scores from the Hexun database are relative numbers because of the classifications of corporations based on industry categories and different weights assigned to each element (Shu and Tan, 2023). An increasing number of Chinese researchers prefer to apply Hexun ESG scores in their data analysis (Yi et al.…”

Section: Methodsmentioning

confidence: 99%

“…China, Hexun Finance provides a comprehensive and detailed measurement of corporate ESG performance in the following aspects of responsibility: shareholder; employee; supplier, customer, and consumer; environmental; and social responsibility (He et al, 2022). ESG scores from the Hexun database are relative numbers because of the classifications of corporations based on industry categories and different weights assigned to each element (Shu and Tan, 2023). An increasing number of Chinese researchers prefer to apply Hexun ESG scores in their data analysis (Yi et al, 2021).…”

Section: Manda Activity and Esg Performancementioning

confidence: 99%

M&A activity and ESG performance: evidence from China

Rahman,

2023

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PurposeThis study explores the effect of mergers and acquisitions (M&As) on corporations' environmental, social and governance (ESG) performance and values in the Chinese financial market.Design/methodology/approachThis study collected data covering 158 Chinese listed companies that have successfully completed at least one M&A activity between 2011 and 2020. Fixed effect and random models based on the Hausman test are adopted to mitigate potential heterogeneity issues in the selection.FindingsResults show that acquiring targets with high ESG performance can help increase their own ESG performance, which in turn increases their market values. Heterogeneity and robustness tests also provide consistent results. Findings further confirm the bidirectional correlation between ESG and M&As, and then enrich related literature by suggesting the importance of utilizing M&As as a driver to increase corporate ESG performance.Originality/valueThis study embodies the practical implications of ESG and M&A. Managers, investors and policymakers can highly benefit from the results through practical applications.

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“…Li et al found that the central environmental protection inspector improved the ESG performance of enterprises by strengthening the environmental compliance of enterprises, strengthening the connection between enterprises and stakeholders, and easing the agency conflicts between managers and shareholders [ 24 ]. Shu and TanIn the context of achieving the "two-carbon" goal, carbon control policy risk is negatively correlated with firm ESG performance, especially in non-state-owned enterprises, enterprises that are not sensitive to green innovation, carbon-sensitive industries, or regions with strict environmental regulations [ 25 ]. In addition to environmental regulations, government actions have also had an impact on ESG performance in the past.…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

The ESG performance influence mechanism analysis-based on empirical analysis

Ma,

Yuan,

et al. 2024

PLoS ONE

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ESG has emerged as a prominent method for evaluating enterprises, gaining increasing importance in recent years. It assesses a company’s ability to promote sustainable economic development and fulfill its social responsibilities, encompassing three non-financial dimensions: environmental, social, and corporate governance. Regulatory authorities, industry associations, and investment institutions worldwide have placed growing emphasis on a company’s ESG performance. From the perspective of career concern, this study conducted a multiple regression analysis using data from Chinese A-share companies listed in Shanghai and Shenzhen from 2011 to 2020. It used CEO shareholding and CEO political affiliation as moderating variables to examine the impact of CEO career concerns on the corporate environment, society, and corporate governance performance. Empirical testing of whether CEO career concerns promote or suppress the ESG performance in enterprises. The findings of this study reveal that CEOs with heightened career concerns tend to impede the ESG performance of their respective enterprises. Additionally, CEO shareholding and political affiliations exert a negative moderating influence on the relationship between CEO career concerns and ESG performance. This research significantly extends the investigation into factors influencing ESG performance, offering fresh perspectives that could inform improved CEO oversight, foster corporate transformation, and enhance ESG performance.

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Does carbon control policy risk affect corporate ESG performance?

Cited by 96 publications

References 38 publications

Carbon reduction and corporate sustainability: Evidence from low-carbon city pilot policy

Carbon reduction and corporate sustainability: Evidence from low-carbon city pilot policy

M&A activity and ESG performance: evidence from China

The ESG performance influence mechanism analysis-based on empirical analysis

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