Do bank-enterprise ESG disparities affect corporate ESG performance?1

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-02-01 DOI:10.1016/j.frl.2024.106571

Jin Zou , Nanli Cheng , Li Gao , Chi Gong , Xiaoye Lu

引用次数: 0

Abstract

This study investigates the impact of bank-enterprise ESG performance disparities on corporate ESG performance using China's A-share listed banks and their corporate clients' ESG rating data from 2016 to 2022. The lending relationship between banks and enterprises significantly promotes corporate ESG performance improvement, especially when the ESG performance gap is substantial. Banks can further incentivize enterprises by adjusting loan terms and amounts. However, ESG rating divergences may weaken this effect. Banks exhibit dimensional heterogeneity in their attention to borrowing enterprises' ESG performance, emphasizing social responsibility and governance over environmental performance, although the latter is gradually gaining importance.

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银行与企业之间的ESG差异会影响企业的ESG绩效吗？1

本研究利用2016 - 2022年中国a股上市银行及其企业客户的ESG评级数据，考察银企ESG绩效差异对企业ESG绩效的影响。银行与企业之间的借贷关系显著促进了企业ESG绩效的提升，尤其是在ESG绩效差距较大的情况下。银行可以通过调整贷款条件和额度来进一步激励企业。然而，ESG评级差异可能会削弱这种影响。银行对借款企业ESG绩效的关注表现出维度异质性，虽然环境绩效逐渐受到重视，但对社会责任和治理的重视程度高于环境绩效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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