How entrepreneurship drives ESG performance: The roles of data assetization and financing constraints

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-05-25 DOI:10.1016/j.frl.2025.107630

AnChao Wang , Abdul Saqib

引用次数: 0

Abstract

This study investigates the impact of entrepreneurship on corporate ESG performance, emphasizing the roles of financing constraints and data assetization. Using panel data from Chinese listed firms (2010–2022) and addressing endogeneity using multiple estimation techniques, we find that entrepreneurship enhances ESG performance by alleviating financing constraints, enabling sustainable investments. Data assetization further strengthens this relationship by optimizing resource utilization and fostering innovation. This paper highlights the pivotal role of entrepreneurship and, based on the resource-based view, provides a novel analysis to inform the future advancement of corporate ESG initiatives.

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企业家精神如何推动ESG绩效：数据资产化和融资约束的作用

本研究探讨企业家精神对企业ESG绩效的影响，强调融资约束和数据资产化的作用。利用2010-2022年中国上市公司的面板数据，并利用多重估计技术解决内生性问题，我们发现企业家精神通过缓解融资约束、实现可持续投资来提高ESG绩效。数据资产化通过优化资源利用和促进创新进一步加强了这种关系。本文强调了企业家精神的关键作用，并基于资源基础观点，提供了一种新颖的分析，为企业ESG计划的未来发展提供信息。

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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