Insiders' financial pressure and ESG performance: evidence from China

被引：0
|
作者：
Zhang, Junping [1 ,2 ]
Li, Ping [1 ]
Wang, Kai [1 ]
机构：
[1] Univ Elect Sci & Technol China, Sch Management & Econ, Chengdu, Sichuan, Peoples R China
[2] Qingshuihe Campus Univ Elect Sci & Technol China, 2006,Xiyuan Ave,West Hitech Zone, Chengdu 611731, Sichuan, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
基金：
中国国家自然科学基金;
关键词：
ESG; share pledging pressure; short-termism; STOCK;
D O I：
10.1080/13504851.2024.2302877
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Using stock pledge price data from Chinese listed firms, we develop a novel measure of firm-level pressure on share pledging (SPP). This measure helps to investigate the impact of insiders' financial pressure on corporate Environmental, Social, and Governance (ESG) performance. Our findings show that although SPP can be beneficial, its mismanagement can tilt firms towards short-termism, impacting ESG negatively. Through this SPP-ESG nexus, we provide insights to refine ESG investments, recognizing variations in ESG performance due to differing SPP intensities.
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页数：5
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