Can biodiversity risk improve firm ESG performance? Empirical evidence from China

被引：0
|
作者：
Pi, Tianlei [1 ]
Jiao, Linke [1 ]
Zhou, Yuhan [1 ]
Shi, Jin [1 ]
机构：
[1] Chongqing Univ, Sch Econ & Business Adm, 174 Shazhengjie, Chongqing 400044, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2025年 / 76卷
基金：
中国国家自然科学基金;
关键词：
Biodiversity risk; ESG performance; Green innovation; External regulation; MANAGEMENT;
D O I：
10.1016/j.frl.2025.106931
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine the relationship between biodiversity risk and firm ESG performance in Chinese Ashare listed companies from 2013 to 2023. We find a significantly positive relationship between biodiversity risk and firm ESG performance, and this conclusion still holds after robustness and endogeneity tests. The mechanism analysis shows that green innovation and external regulation are the main channels through which biodiversity risk promotes firm ESG performance. In addition, the effect of biodiversity risk on ESG performance is also significantly heterogeneous due to the ownership structure, the different level of industrial pollution.
引用
收藏
页数：9
相关论文
共 50 条
  • [1] 'E' of ESG and firm performance: Evidence from China
    Qian, Binsheng
    Poshakwale, Sunil
    Tan, Yusen
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2024, 96
  • [2] ESG performance, corporate innovation and downside risk: empirical evidence from China
    Lin, Binghong
    Li, Bingxiang
    INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2024,
  • [3] Institutional Shareholders and Firm ESG Performance: Evidence from China
    Jia, Fang
    Li, Yanyin
    Cao, Lihong
    Hu, Lintong
    Xu, Beibei
    SUSTAINABILITY, 2022, 14 (22)
  • [4] Can the greening of the tax system improve enterprises' ESG performance? Evidence from China
    Lin, Caiyun
    Lu, Shibao
    Su, Xuyang
    Wen, Chuanhao
    ECONOMIC CHANGE AND RESTRUCTURING, 2024, 57 (03)
  • [5] Can ESG Indices Improve the Enterprises' Stock Market Performance?-An Empirical Study from China
    Deng, Xiang
    Cheng, Xiang
    SUSTAINABILITY, 2019, 11 (17)
  • [6] The impact of ESG performance on corporate risk-taking: empirical evidence from China
    Du, Lihui
    Azman, Nik Hadiyan Nik
    JOURNAL OF SUSTAINABLE FINANCE & INVESTMENT, 2024, 14 (04) : 745 - 765
  • [7] Corporate culture and ESG performance: Empirical evidence from China
    Bai, Fuping
    Shang, Mengting
    Huang, Yujie
    JOURNAL OF CLEANER PRODUCTION, 2024, 437
  • [8] Enterprise ESG Performance, Digital Transformation, and Firm Performance: Evidence from China
    Zheng, Xiuzhi
    Bu, Qianqian
    SAGE OPEN, 2024, 14 (04):
  • [9] Can government subsidies improve corporate ESG performance? Evidence from listed enterprises in China
    Na, Chaohong
    Ni, Zhixing
    Shu, Qiu
    Zhang, He
    FINANCE RESEARCH LETTERS, 2024, 64
  • [10] RETRACTION: Can the greening of the tax system improve enterprises' ESG performance? Evidence from China
    Lin, Caiyun
    Lu, Shibao
    Su, Xuyang
    Wen, Chuanhao
    ECONOMIC CHANGE AND RESTRUCTURING, 2024, 57 (06)
12345