How does peer firms' ESG performance affect carbon emission reductions ?

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-06-04 DOI:10.1016/j.frl.2025.107711

Pei Wang , Weixian Xue , Zhi Li

引用次数: 0

Abstract

This study analyzes the green spillover effects of peer firms' ESG performance on the carbon reduction actions of focal organizations from 2013 to 2023. Empirical data indicates that superior ESG practices among industry peers substantially improve the decarbonization efforts of focal enterprises, principally mediated by diminished financial restrictions and increased public attention. Competitive pressures and the pursuit of legitimacy compel focal firms to implement sustainable practices, especially when peers exhibit genuine ESG commitments. The findings highlight the pivotal influence of peer dynamics and institutional circumstances in expediting business climate shifts.

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同行企业的ESG绩效如何影响碳减排？

本研究分析了2013 - 2023年同行企业ESG绩效对焦点组织碳减排行动的绿色溢出效应。实证数据表明，行业内优秀的ESG实践显著提高了重点企业的脱碳努力，这主要是由金融限制减少和公众关注增加所介导的。竞争压力和对合法性的追求迫使焦点公司实施可持续实践，特别是当同行表现出真正的ESG承诺时。研究结果强调了同行动态和制度环境在加速商业环境变化方面的关键影响。

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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