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Can Environmental, Social and Governance Performance Alleviate Financial Dilemma?

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Proceedings of the 7th International Conference on Economic Management and Green Development (ICEMGD 2023)

Part of the book series: Applied Economics and Policy Studies ((AEPS))

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Abstract

In the context of the increasing emphasis on sustainable development, enterprises, as integral components of society, play a crucial role in realizing sustainable objectives. ESG (Environmental, Social, and Governance) principles serve as a significant avenue for businesses to promote sustainable development. However, due to the external nature of ESG, many enterprises fail to prioritize its importance. This paper delves into the relationship between ESG and corporate financing constraints. Through an analysis of data from all A-share listed companies in China spanning from 2009 to 2020, the study concludes that ESG practices can significantly alleviate corporate financing constraints. This finding suggests that motivating companies to prioritize ESG fulfillment can yield positive effects on their financing capabilities. Additionally, this research contributes to a deeper understanding of ESG-related outcomes and sheds light on the influencing factors of financing constraints.

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Author information

Authors and Affiliations

  1. School of Economics, Lanzhou University, Lanzhou, Gansu, China

    Junyi Wang

Authors
  1. Junyi Wang
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Correspondence to Junyi Wang .

Editor information

Editors and Affiliations

  1. Department of Postal Management, Bei**g University of Posts and Telecommunications, Bei**g, China

    **aolong Li

  2. School of Economics and Management, Bei**g University of Posts and Telecommunications, Bei**g, China

    Chunhui Yuan

  3. Supply Chain Management, University of Arkansas, Fayetteville, NC, USA

    John Kent

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© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

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Wang, J. (2024). Can Environmental, Social and Governance Performance Alleviate Financial Dilemma?. In: Li, X., Yuan, C., Kent, J. (eds) Proceedings of the 7th International Conference on Economic Management and Green Development. ICEMGD 2023. Applied Economics and Policy Studies. Springer, Singapore. https://doi.org/10.1007/978-981-97-0523-8_182

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  • DOI: https://doi.org/10.1007/978-981-97-0523-8_182

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-97-0522-1

  • Online ISBN: 978-981-97-0523-8

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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