ESG greenwashing and corporate debt financing costs

被引：0
|
作者：
Peng, Qian [1 ]
Xie, Yang [2 ]
机构：
[1] Guizhou Univ Finance & Econ, Coll Big Data Applicat & Econ, Guiyang 550025, Peoples R China
[2] Southwest Univ, Coll Econ & Management, Chongqing 400715, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 69卷
关键词：
ESG greenwashing; Corporate debt financing costs;
D O I：
10.1016/j.frl.2024.106012
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper empirically examines the impact of ESG "greenwashing" on corporate bond costs in China's capital market, focusing on non-financial listed companies. The study results indicate that corporate ESG "greenwashing" can lead to negative economic consequences, resulting in an increase in corporate debt financing costs. Further analysis shows that this effect is mainly concentrated in non-state-owned enterprises and small-scale enterprises.
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页数：5
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