所属栏目:新金融/金融科技

How Does Financial Support Affect ESG Performance? Evidence from Listed Manufacturing Companies in China
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发布日期:2025年06月05日 上次修订日期:2025年06月05日

摘要

We evaluate the impact of digital finance on the ESG performance of manufacturing enterprises and whether digital and traditional finance play a complementary or substitute role in promoting the ESG performance. First, we find that developing digital finance can alleviate financing constraints and promote technological innovation, thereby increasing enterprises' investment in environmental, social, and governance, providing sufficient technical support, and improving their ESG performance. Furthermore, digital finance and traditional finance have a direct impact on the ESG performance and further enhance their influence through complementary effects. Therefore, this paper may provide a valuable reference for finance to support manufacturing enterprises' development effectively.
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Sisi Zhou; Xinyuan Cao; Tingting Cao How Does Financial Support Affect ESG Performance? Evidence from Listed Manufacturing Companies in China (2025年06月05日) https://www.cfrn.com.cn/lw/16263.html

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