Economic indicator accuracy and corporate ESG performance

被引：0
|
作者：
Zhu, Shiqian [1 ]
Tian, Haowen [2 ]
Wang, Chenyu [3 ]
机构：
[1] Beijing Foreign Studies Univ, Sch Int Relat & Diplomacy, Beijing, Peoples R China
[2] Northwestern Polytech Univ, Sch Management, Xian, Peoples R China
[3] Univ Glasgow, Adam Business Sch, Glasgow, Scotland
来源：
ECONOMICS LETTERS | 2024年 / 243卷
关键词：
ESG; economic indicators accuracy; government intervention; financial constraints; GROWTH;
D O I：
10.1016/j.econlet.2024.111907
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Economic indicators are important tools used to assess the economic situation of a country or region and for macroeconomic control, and the decline in the accuracy of economic indicators creates potential risks. In this study, we use GDP as a proxy for economic indicators and empirically test the intrinsic correlation between its accuracy and firms' ESG performance. Using A-share listed companies from 2013 to 2021 as our sample, and constructing a proxy for economic indicator accuracy through nighttime satellite data, we find that the accuracy of economic indicators significantly and positively impacts firms' ESG performance. Furthermore, financial constraints and government intervention can strengthen this positive effect.
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页数：4
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