{"title":"Does supply chain finance improve firms’ ESG performance?","authors":"Shaohua Wang , Hong Hu , Hong Fan","doi":"10.1016/j.econlet.2024.112098","DOIUrl":null,"url":null,"abstract":"<div><div>This study investigates the impact of supply chain finance (SCF) participation on firms’ ESG performance by studying Chinese companies between 2011 and 2021. We find a significant positive association between SCF participation and ESG performance. Additional analysis indicates that SCF improves ESG by alleviating financial constraints and enhancing operational scrutiny. The results are consistent across various ESG and SCF measures and remain robust after endogeneity concerns are addressed.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"247 ","pages":"Article 112098"},"PeriodicalIF":2.1000,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176524005822","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This study investigates the impact of supply chain finance (SCF) participation on firms’ ESG performance by studying Chinese companies between 2011 and 2021. We find a significant positive association between SCF participation and ESG performance. Additional analysis indicates that SCF improves ESG by alleviating financial constraints and enhancing operational scrutiny. The results are consistent across various ESG and SCF measures and remain robust after endogeneity concerns are addressed.
期刊介绍:
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.