Media coverage and corporate ESG performance: Evidence from China

被引：73
|
作者：
He, Feng [1 ,2 ]
Guo, Xinyao [3 ]
Yue, Pengpeng [4 ]
机构：
[1] Capital Univ Econ & Business, Sch Finance, Beijing 100070, Peoples R China
[2] Loboratory Fintech & Risk Management, Tianjin 300222, Peoples R China
[3] Tianjin Univ Finance & Econ, Sch Finance, Tianjin 300222, Peoples R China
[4] Beijing Technol & Business Univ, Beijing 100048, Peoples R China
来源：
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2024年 / 91卷
基金：
中国国家自然科学基金;
关键词：
Media coverage; ESG; Corporate social responsibility; Corporate governance; SOCIAL-RESPONSIBILITY; INSTITUTIONAL INVESTORS; ANALYST COVERAGE; STAKEHOLDER ENGAGEMENT; FINANCIAL PERFORMANCE; MARKET LIQUIDITY; IMPACT; DISCLOSURE; GOVERNANCE; GOVERNMENT;
D O I：
10.1016/j.irfa.2023.103003
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In the context of increasing concern about climate issues, corporate environmental, social and governance (ESG) performance has received widespread attention from the public. Our study focuses on empirically analyzing the effects of media coverage on corporate ESG performance in China. The findings suggest that media coverage plays an effective supervisory role in improving corporate ESG performance. This finding is robust after addressing the potential endogeneity issues. Furthermore, we find that media coverage improves by increasing analysts' attention and deterring agency costs. Our results provide effective suggestions to help enterprises achieve carbon peaking and carbon neutrality goals and to help the media play an effective supervisory role in achieving sustainable development.
引用
收藏
页数：12
相关论文
共 50 条
  • [41] ESG rating disagreement and corporate innovation: Evidence from China
    Li, Li
    Zhang, Du
    Li, Rongrong
    [J]. FINANCE RESEARCH LETTERS, 2024, 62
  • [42] Negative media coverage of ESG issues and corporate tax avoidance
    Menicacci, Luca
    Simoni, Lorenzo
    [J]. SUSTAINABILITY ACCOUNTING MANAGEMENT AND POLICY JOURNAL, 2024, 15 (07) : 1 - 33
  • [43] ESG performance, media coverage and brand value
    Zou, Xiang
    Jiang, Jiaqi
    Zhang, Hao
    He, Hao
    [J]. ASIA PACIFIC JOURNAL OF MARKETING AND LOGISTICS, 2024,
  • [44] Environmental, Social, and Corporate Governance (ESG), Life Cycle, and Firm Performance: Evidence from China
    Qu, Wen
    Zhang, Junrui
    [J]. SUSTAINABILITY, 2023, 15 (18)
  • [45] Does directors' and officers' liability insurance improve corporate ESG performance? Evidence from China
    Tang, Songlian
    He, Lingfei
    Su, Fei
    Zhou, Xiaoyun
    [J]. INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2024, 29 (03) : 3713 - 3737
  • [46] Shareholder value maximization via corporate ESG performance: evidence from mergers and acquisitions in China
    Ma, Ruichen
    Pan, Xiaofei
    Suardi, Sandy
    [J]. APPLIED ECONOMICS, 2023,
  • [47] Can government subsidies improve corporate ESG performance? Evidence from listed enterprises in China
    Na, Chaohong
    Ni, Zhixing
    Shu, Qiu
    Zhang, He
    [J]. FINANCE RESEARCH LETTERS, 2024, 64
  • [48] The impact of corporate ESG performance on buyers' bargaining power in the industrial chain: Evidence from China
    Xiao, Zhongyi
    Huang, Xinfei
    Chen, Haitao
    [J]. FINANCE RESEARCH LETTERS, 2024, 60
  • [49] Environmental cooperation system, ESG performance and corporate green innovation: Empirical evidence from China
    Shi, Qiang
    Chen, Gang
    Huang, Dawei
    [J]. FRONTIERS IN PSYCHOLOGY, 2023, 14
  • [50] Do institutional investors' corporate site visits improve ESG performance? Evidence from China
    Jiang, Yahan
    Wang, Cai
    Li, Sha
    Wan, Jing
    [J]. PACIFIC-BASIN FINANCE JOURNAL, 2022, 76
12345