空间中的可持续金融:银行集聚如何塑造企业ESG绩效

IF 9.1 2区 管理学 Q1 BUSINESS
Weijie Tan, Wanting Sun, Xihui Haviour Chen
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引用次数: 0

摘要

虽然之前的研究考察了银行业在企业ESG转型中的作用,但内部金融机制和外部驱动因素仍未得到充分探讨。本研究利用多源大数据,构建了中国上市公司ESG金融合作指数,并从1000多万条媒体文本中识别ESG相关新闻。研究了银行集聚与企业ESG绩效之间的关系。研究结果表明,银行集聚主要通过促进ESG金融合作来促进企业ESG成果,而媒体对ESG问题的关注进一步放大了这一效应。异质性分析表明,民营企业、非衰退企业和供应链下游企业的影响更为明显。此外,银行的进入和退出有助于重塑信贷资源的空间分布,银行的进入显著地鼓励了企业的ESG实践。国有银行集聚主要提高环境绩效,股份制银行注重社会责任和治理,外资银行推动全面的ESG发展。本文提出了可持续金融合作助力企业ESG转型的新路径,并通过突出媒体ESG关注的作用拓展了理论视角,为新兴经济体转型提供了有价值的见解。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Sustainable Finance in Space: How Bank Agglomeration Shapes Corporate ESG Performance

While prior research has examined the role of the banking sector in corporate ESG transformation, the internal financial mechanisms and external driving forces involved remain underexplored. Drawing on multi-source big data, this study constructs an ESG financial cooperation index for Chinese listed companies and identifies ESG-related news from over 10 million media texts. It investigates the relationship between bank agglomeration and corporate ESG performance. The findings suggest that bank agglomeration enhances corporate ESG outcomes primarily by fostering ESG financial cooperation, with media attention to ESG issues further amplifying this effect. Heterogeneity analysis reveals that the impact is more pronounced among private firms, non-recessionary enterprises, and downstream firms in the supply chain. Additionally, bank entry and exit contribute to reshaping the spatial distribution of credit resources, with bank entry significantly encouraging corporate ESG practices. State-owned bank agglomeration predominantly improves environmental performance, joint-stock banks focus on social responsibility and governance, and foreign banks drive comprehensive ESG development. This paper proposes a novel pathway for sustainable financial cooperation to empower corporate ESG transformation and expands the theoretical perspective by highlighting the role of media ESG attention, offering valuable insights for the transition of emerging economies.

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来源期刊
CiteScore
17.20
自引率
16.30%
发文量
189
期刊介绍: Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas. The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.
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