Judicial quality and corporate ESG performance: Evidence from the establishment of circuit courts

被引：0
|
作者：
Yang, Yuan [1 ]
Wang, Baomin [1 ]
Su, Xingyu [1 ]
机构：
[1] Xi An Jiao Tong Univ, Law Sch, Xian 710049, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 65卷
关键词：
Judicial quality; Environmental; social and governance; performance; Circuit court;
D O I：
10.1016/j.frl.2024.105610
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Effective legal systems are crucial to the implementation of corporate social responsibility. This paper employs the implementation data of China's Supreme People's Court as a quasi-natural experiment to evaluate the potential influence of the circuit court system on corporate environmental, social, and governance (ESG) performance. This study affirms that the circuit court system can improve corporate ESG performance via deterrence, regional cohort, and governance effects. These findings offer a fresh viewpoint on how legal regulations can facilitate the highquality growth of small firms by providing practical insights for government agencies to encourage ESG achievement.
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页数：6
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