Does corporate ESG performance promote export resilience? New insights from risk resistance and resilience

被引:2
|
作者
Ma, Defang [1 ]
Xie, Yuze [1 ]
Huang, Haoxiang [2 ]
Qiu, Jianheng [3 ]
机构
[1] Capital Normal Univ, Sch Management, Beijing 100089, Peoples R China
[2] Ohio State Univ, Dept Arts & Sci, Columbus, OH 43210 USA
[3] Xian Jiaotong Liverpool Univ, Entrepreneur Coll Taicang, Suzhou 215412, Peoples R China
关键词
Export resilience; ESG performance; Corporate reputation; Financing constraints; Digital transformation;
D O I
10.1016/j.jenvman.2024.122881
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
World economic uncertainty adds to the external risks of enterprises, and export resilience directly impacts enterprises' ability to withstand external risks. This paper examines the effect of ESG performance on export risk resilience using a sample of Chinese-listed A-shares from 2008 to 2021. We found that good ESG performance promotes corporate export resilience as evidenced by an increase in export resistance and resilience, a finding that still holds after robustness tests. Mechanism tests reveal that ESG performance can positively promote export resilience by strengthening corporate reputation and alleviating financing constraints. Firms' digital transformation has a moderating influence, and the higher its degree, the greater the positive effect of ESG performance on export resilience. T Heterogeneity tests show that the effect of firms' ESG performance on export resilience is more pronounced among non-state, growth, and mature firms. The above study is innovative in corporate ESG practice, and the findings offer a reference for corporates to participate in ESG practice and enhance export risk resistance.
引用
收藏
页数:12
相关论文
共 50 条
  • [31] ESG performance, corporate innovation and downside risk: empirical evidence from China
    Lin, Binghong
    Li, Bingxiang
    INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2024,
  • [32] How does corporate ESG performance affect stock liquidity? Evidence from China
    Wang, Kai
    Li, Tingting
    San, Ziyao
    Gao, Hao
    PACIFIC-BASIN FINANCE JOURNAL, 2023, 80
  • [33] Does board gender diversity benefit for corporate ESG performance: Evidence from Germany
    Wu, Qichun
    Shahbaz, Muhammad
    Bigerna, Simona
    JOURNAL OF ENVIRONMENTAL MANAGEMENT, 2024, 372
  • [34] Does Fintech Development Enhance Corporate ESG Performance? Evidence from an Emerging Market
    Wang, Deli
    Peng, Ke
    Tang, Kaiye
    Wu, Yewei
    SUSTAINABILITY, 2022, 14 (24)
  • [35] Does state ownership enhance corporate resilience? Evidence from the COVID-19 pandemic
    Jiang, Bo
    Lu, Yang
    Li, Sifei
    Zhao, Tong
    APPLIED ECONOMICS LETTERS, 2024,
  • [36] Does digital transformation promote economic resilience? Urban-level evidence from China
    Ji, Zhiying
    Huang, Yuting
    HELIYON, 2024, 10 (04)
  • [37] How does ESG performance determine the level of specific financing in capital structure? New insights from China
    Zhao, Xinlu
    Zhang, Huixue
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2024, 95
  • [38] Does corporate ESG create value? New evidence from M&As in China
    Zheng, Zhigang
    Li, Jiarong
    Ren, Xingzi
    Guo, Jie Michael
    PACIFIC-BASIN FINANCE JOURNAL, 2023, 77
  • [39] Market structure, ESG performance, and corporate efficiency: Insights from Brazilian publicly traded companies
    Moskovics, Pedro
    Wanke, Peter
    Tan, Yong
    Gerged, Ali Meftah
    BUSINESS STRATEGY AND THE ENVIRONMENT, 2024, 33 (02) : 241 - 262
  • [40] Characterising resilience in the wine industry: Insights and evidence from Marlborough, New Zealand
    Cradock-Henry, Nicholas A.
    Fountain, Joanna
    ENVIRONMENTAL SCIENCE & POLICY, 2019, 94 : 182 - 190