Climate transition risk and corporate environment, social and governance performance: Evidence from Chinese listed companies

IF 2.8 3区 经济学 Q2 BUSINESS, FINANCE
Jinyu Chen, Yixin Qiu, Qian Ding, Yuan Geng
{"title":"Climate transition risk and corporate environment, social and governance performance: Evidence from Chinese listed companies","authors":"Jinyu Chen,&nbsp;Yixin Qiu,&nbsp;Qian Ding,&nbsp;Yuan Geng","doi":"10.1002/ijfe.3045","DOIUrl":null,"url":null,"abstract":"<p>Using a sample taken from Chinese A-share listed companies from 2010 to 2020, we explore the effect of climate transition risk on corporate environment, social and governance (ESG) performance. Our finding shows that climate transition risk promotes corporate ESG performance. In addition, we discover that equity incentives play an important positive moderating role in the above relationship. Compared with positive media tone, the positive effect of climate transition risk on corporate ESG performance is more significant under the moderating effect of a negative media tone. Further analyses find that there exists a more prominent relationship between climate transition risk and corporate ESG performance in non-state-owned enterprises, enterprises with more female directors, and enterprises in highly market-oriented regions. Our findings provide a reference to improve ESG practice to achieve corporate sustainable development and provide practical suggestions for better dealing with climate transition risk.</p>","PeriodicalId":47461,"journal":{"name":"International Journal of Finance & Economics","volume":"30 3","pages":"2829-2848"},"PeriodicalIF":2.8000,"publicationDate":"2024-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Finance & Economics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/ijfe.3045","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

Abstract

Using a sample taken from Chinese A-share listed companies from 2010 to 2020, we explore the effect of climate transition risk on corporate environment, social and governance (ESG) performance. Our finding shows that climate transition risk promotes corporate ESG performance. In addition, we discover that equity incentives play an important positive moderating role in the above relationship. Compared with positive media tone, the positive effect of climate transition risk on corporate ESG performance is more significant under the moderating effect of a negative media tone. Further analyses find that there exists a more prominent relationship between climate transition risk and corporate ESG performance in non-state-owned enterprises, enterprises with more female directors, and enterprises in highly market-oriented regions. Our findings provide a reference to improve ESG practice to achieve corporate sustainable development and provide practical suggestions for better dealing with climate transition risk.

气候转型风险与公司环境、社会和治理绩效:来自中国上市公司的证据
本文以2010 - 2020年中国a股上市公司为样本,探讨了气候转型风险对公司环境、社会和治理绩效的影响。我们的研究结果表明,气候转型风险促进了企业的ESG绩效。此外,我们发现股权激励在上述关系中起着重要的正向调节作用。与正面媒体语气相比,在负面媒体语气的调节作用下,气候转型风险对企业ESG绩效的正向影响更为显著。进一步分析发现,在非国有企业、女性董事较多的企业和高度市场化地区的企业中,气候转型风险与企业ESG绩效之间的关系更为突出。研究结果可为企业改善ESG实践以实现可持续发展提供参考,并为更好地应对气候转型风险提供实用建议。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
5.70
自引率
6.90%
发文量
143
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:604180095
Book学术官方微信