Bank financing and green financing: The influence of sustainable practices on investment sensitivity

IF 4.9 2区社会学 Q2 ENVIRONMENTAL SCIENCES

Sustainable Futures Pub Date : 2025-06-06 DOI:10.1016/j.sftr.2025.100775

Ashfaq Habib , Muhammad Asif Khan

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引用次数: 0

Abstract

This study explores the influence of sustainable investment practices, focusing on how firms’ Environmental, Social, and Governance (ESG) activites and environmental disclosure affect the investment sensitivity of environmentally sensitive firms (ESFs). The results reveal that high environment sensitivity firms are more inclined to implement sustainable practices to improve operational efficiency and mitigate risks. The findings explain that ESG and environmental disclosures significantly influence investment sensitivity, with stronger effects observed in high-environment sensitivity firms compared to their low- environment sensitivity firms. Further, the study reveals that bank financing plays a moderating role in the relationship of bank sustainability and investment sensitivity. Additionally, we find that green finance acts as a mediator, reducing investment sensitivity by channeling resources toward sustainable investment initiatives, particularly in high-sensitivity firms. This research underscores the critical role of banks sustainable practices and innovative financing strategies in improving stable and efficient investment decisions.

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银行融资与绿色融资：可持续实践对投资敏感性的影响

本研究探讨了可持续投资实践的影响，重点关注企业的环境、社会和治理（ESG）活动和环境信息披露如何影响环境敏感型企业（esf）的投资敏感性。结果表明，高环境敏感性企业更倾向于实施可持续实践，以提高运营效率和降低风险。研究结果解释了ESG和环境披露显著影响投资敏感性，高环境敏感性公司的影响强于低环境敏感性公司。此外，研究发现银行融资在银行可持续性与投资敏感性的关系中起调节作用。此外，我们发现绿色金融起到了中介作用，通过将资源引导至可持续投资举措，降低了投资敏感性，特别是在高敏感性企业中。本研究强调了银行可持续实践和创新融资策略在改善稳定和高效投资决策方面的关键作用。

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来源期刊

Sustainable Futures Social Sciences-Sociology and Political Science

CiteScore

9.30

自引率

1.80%

发文量

审稿时长

71 days

期刊介绍： Sustainable Futures: is a journal focused on the intersection of sustainability, environment and technology from various disciplines in social sciences, and their larger implications for corporation, government, education institutions, regions and society both at present and in the future. It provides an advanced platform for studies related to sustainability and sustainable development in society, economics, environment, and culture. The scope of the journal is broad and encourages interdisciplinary research, as well as welcoming theoretical and practical research from all methodological approaches.