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Do Public Climate Concerns Affect Corporate ESG Performance?Evidence from China
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发布日期:2024年08月23日 上次修订日期:2024年08月23日

摘要

We investigate the impact of public climate concerns on corporate ESG performance and find a negative association between the two variables. Our mechanistic analysis suggests that public climate concern increases firm risk, which explains the negative effect of ESG performance. This negative effect is exacerbated by inefficient corporate investments and mitigated by increased local social trust. Furthermore, the negative relationship between climate attention and ESG performance is more pronounced for companies with weak CEO hometown identify, high resource acquisition costs, non-heavy polluting industries and in the colder northern regions of China. The findings highlight the need to address the challenging impact of climate attention on corporate sustainable performance by enhancing regional social trust and CEOs' sense of belonging.
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Yueshan Li; Jing Kang; Shoudong Chen Do Public Climate Concerns Affect Corporate ESG Performance?Evidence from China (2024年08月23日) https://www.cfrn.com.cn/lw/15878

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