Work

Consumption center construction and enterprise ESG performance: Evidence from China

Year: 2024

Type: article

Abstract: • There is a positive relationship between consumption center city construction and enterprise ESG performance. • The consumption center city construction promote enterprise ESG performance by optimizing the urban environment. • The consumption center city construction promote enterprise ESG performance by easing financing constraints. Our study empirically analyzes the impact of consumption center city construction on enterprise Environmental, Social, and Governance (ESG) performance in China. The findings suggest that such construction positively influences enterprise ESG performance, a relationship that remains robust after addressing the potential endogeneity issues. We also find that consumption center city construction enhances enterprise ESG performance by optimizing the urban environment and easing financing constraints.

Source: Finance research letters

DOI: 10.1016/j.frl.2024.106513

Authors: Yongbo Sun, Fengqin Wang

Institution: Beijing Technology and Business University

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: hybrid

Estimated APC paid: $3,350