Country environmental, social and governance performance and economic growth: The international evidence

被引：3

作者：

Wang, Jiazhen ^{[1
]}

Yu, Jing ^{[2
]}

Zhong, Rui ^{[3
]}

机构：

[1] Zhengzhou Univ, Sch Business, Zhengzhou, Peoples R China

[2] Univ Sydney, Business Sch, Camperdown, NSW, Australia

[3] Univ Western Australia, UWA Business Sch, 35 Stirling Hwy, Crawley, WA, Australia

来源：

ACCOUNTING AND FINANCE | 2023年 / 63卷 / 04期

关键词：

country ESG; economic growth; energy efficiency; foreign investments; sustainable growth; KUZNETS CURVE; MULTINATIONAL-ENTERPRISE; PANEL-DATA; CORPORATE; RESPONSIBILITY; BEHAVIOR; FIRMS; COST; CORRUPTION; DEBT;

D O I：

10.1111/acfi.13079

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study documents a significant and positive impact of country-level environmental, social and governance (ESG) improvement on economic growth using an international sample of 109 countries through improving energy efficiency, promoting human-capital accumulation and attracting foreign investments. The economic benefits of country-level ESG improvement are robust after alleviating possible endogeneity concerns. Further analysis shows that the positive influence of country ESG performance on economic growth is most pronounced in high-income countries and for high-greenhouse gas emitters but weaker in countries whose national income relies on natural resources. Our findings provide policy implications for promoting sustainable economic growth.

引用

页码：3911 / 3941

页数：31

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