Impact of ESG ratings on carbon emission reduction performance in context of green development—evidence from Chinese manufacturing listed enterprises

业务 背景(考古学) 还原(数学) 制造业 产业组织 营销 古生物学 几何学 数学 生物
作者
Fangyi Yang,Jian-Wei GUO,Xiangxin Kong,Chuyi Wang,Zhen Wang
出处
期刊:Business Process Management Journal [Emerald Publishing Limited]
标识
DOI:10.1108/bpmj-04-2024-0253
摘要

Purpose In the context of green development in China, the circumstance in which Environmental, Social and Governance (ESG) ratings function has changed. As an important external governance mechanism of sustainable development, ESG ratings can also be a two-edged sword for the implementation of carbon emission reduction. This research examines the connection of ESG ratings and corporate carbon emission reduction in the context of green development. This present study postulates that the impact of ESG ratings on carbon emission reduction performance in the context of green development is inverted U-shaped. Design/methodology/approach To obtain empirical evidence for the hypotheses proposed, this study makes an empirical test based on the two-way fixed effects model. The data is taken from listed Chinese manufacturing firms between 2012 and 2021. Findings The study reveals that there is a significant inverted U-shape relationship between ESG ratings and carbon emission reduction performance in the context of green development. Managerial myopic behaviour plays a positive moderating role in the above relationship. In addition, it makes the inflection point of inverted U-shaped curve move to left. Heterogeneity analyses show that the above inverted U-shaped relationship is more significant for firms that don’t hire CEO with environmental protection background or big four accounting firms. Originality/value In the background of green development, this study helps to understand dual influence of ESG ratings on corporate carbon emission reduction deeply. It is beneficial to guide enterprises to utilize ESG ratings mechanism reasonably, thus enhancing the effectiveness of carbon emission reduction. This study provides decision-making reference for government to accelerate low-carbon transformation in microcosmic field.
最长约 10秒,即可获得该文献文件

科研通智能强力驱动
Strongly Powered by AbleSci AI
更新
PDF的下载单位、IP信息已删除 (2025-6-4)

科研通是完全免费的文献互助平台,具备全网最快的应助速度,最高的求助完成率。 对每一个文献求助,科研通都将尽心尽力,给求助人一个满意的交代。
实时播报
tengyve完成签到,获得积分10
3秒前
酷炫蛋挞完成签到 ,获得积分10
4秒前
candy6663339完成签到,获得积分10
4秒前
回首不再是少年完成签到,获得积分0
6秒前
酷酷一笑完成签到,获得积分10
8秒前
天天快乐应助科研通管家采纳,获得10
14秒前
isedu完成签到,获得积分10
14秒前
U9A完成签到,获得积分10
15秒前
一亩蔬菜完成签到,获得积分10
18秒前
Lucas应助科研人一枚采纳,获得10
24秒前
hi完成签到,获得积分10
25秒前
快乐的芷巧完成签到,获得积分10
26秒前
酷酷小子完成签到 ,获得积分10
28秒前
36秒前
巴山完成签到,获得积分10
38秒前
无花果应助ly采纳,获得10
38秒前
loren313完成签到,获得积分0
42秒前
玄学小生完成签到 ,获得积分10
44秒前
小梦完成签到,获得积分10
45秒前
白桃完成签到 ,获得积分10
47秒前
王世卉完成签到,获得积分10
48秒前
湖以完成签到 ,获得积分10
52秒前
清脆的靖仇完成签到,获得积分10
58秒前
lixiaoya完成签到,获得积分10
59秒前
小洪俊熙完成签到,获得积分10
59秒前
nicolaslcq完成签到,获得积分10
1分钟前
研友_Z119gZ完成签到 ,获得积分10
1分钟前
Cold-Drink-Shop完成签到,获得积分10
1分钟前
1分钟前
ly发布了新的文献求助10
1分钟前
权小夏完成签到 ,获得积分10
1分钟前
帅气的宽完成签到 ,获得积分10
1分钟前
小丸子完成签到 ,获得积分10
1分钟前
634301059完成签到 ,获得积分10
2分钟前
George完成签到,获得积分10
2分钟前
科研通AI2S应助科研通管家采纳,获得10
2分钟前
打打应助科研通管家采纳,获得10
2分钟前
科研通AI2S应助科研通管家采纳,获得10
2分钟前
七月完成签到,获得积分10
2分钟前
2分钟前
高分求助中
A new approach to the extrapolation of accelerated life test data 1000
Cognitive Neuroscience: The Biology of the Mind 1000
Technical Brochure TB 814: LPIT applications in HV gas insulated switchgear 1000
Immigrant Incorporation in East Asian Democracies 600
Nucleophilic substitution in azasydnone-modified dinitroanisoles 500
不知道标题是什么 500
A Preliminary Study on Correlation Between Independent Components of Facial Thermal Images and Subjective Assessment of Chronic Stress 500
热门求助领域 (近24小时)
化学 材料科学 医学 生物 工程类 有机化学 生物化学 物理 内科学 纳米技术 计算机科学 化学工程 复合材料 遗传学 基因 物理化学 催化作用 冶金 细胞生物学 免疫学
热门帖子
关注 科研通微信公众号,转发送积分 3968559
求助须知:如何正确求助?哪些是违规求助? 3513358
关于积分的说明 11167340
捐赠科研通 3248714
什么是DOI,文献DOI怎么找? 1794453
邀请新用户注册赠送积分活动 875065
科研通“疑难数据库(出版商)”最低求助积分说明 804664