Can government subsidies improve corporate ESG performance? Evidence from listed enterprises in China

被引：1
|
作者：
Na, Chaohong [1 ]
Ni, Zhixing [1 ]
Shu, Qiu [2 ]
Zhang, He [3 ]
机构：
[1] Yunnan Univ Finance & Econ, Sch Accounting, Kunming, Peoples R China
[2] Yunnan Univ Finance & Econ, Sch Marxism, Kunming, Peoples R China
[3] State Informat Ctr, Beijing, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 64卷
关键词：
Government subsidies; Corporate ESG performance; Innovation investmants; Managerial myopia; INFORMATION DISCLOSURE;
D O I：
10.1016/j.frl.2024.105427
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The corporate environmental, social, and governance (ESG) performance of businesses is crucial for the sustainable development of our evolving global economy. This study analyzes the mechanisms through which government subsidies influence ESG performance in corporations. The findings reveal that government subsidies significantly improve corporate ESG performance. Furthermore, government subsidies enhance corporate innovation investments and mitigate managerial myopia, leading to improved ESG performance in companies. Additional research indicates that in firms with lesser political connections and greater industry competition, the impact of government subsidies in elevating corporate ESG performance is more significant.
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页数：7
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