Supply chain ESG and non-financial corporate shadow banking: Evidence from China

被引：1
|
作者：
Zhao, Chunyan [1 ]
Gan, Zhongxin [2 ]
Xu, Zhibo [2 ]
机构：
[1] Tongling Univ, Sch Accounting, Tongling 244061, Anhui, Peoples R China
[2] Solbridge Int Sch Business, Daejeon, South Korea
来源：
FINANCE RESEARCH LETTERS | 2024年 / 66卷
关键词：
Supply chain; ESG; Shadow banking; SOCIAL-RESPONSIBILITY; IMPACT; DEPENDENCY;
D O I：
10.1016/j.frl.2024.105682
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the impact of supply chain ESG on non-financial corporate shadow banking using data on Chinese listed firms from 2009 to 2022. We find that improved supply chain ESG performance effectively inhibits non-financial corporate shadow banking. Mechanism tests indicate that supply chain ESG enhances information transparency, encourages entity investment and alleviates financial constraints. In addition, the negative effect is more pronounced in more marketized regions. Overall, this paper approaches shadow banking from a brand-new perspective that integrates supply chain and ESG.
引用
收藏
页数：9
相关论文
共 50 条
  • [1] Regional financial technology and shadow banking activities of non-financial firms: Evidence from China*
    Zhang, Qiuyue
    Que, Jiangjing
    Qin, Xiuting
    JOURNAL OF ASIAN ECONOMICS, 2023, 86
  • [2] Not all shadow banking is bad! Evidence from credit intermediation of non-financial Chinese firms
    Dang, Vinh Q. T.
    Otchere, Isaac
    So, Erin P. K.
    Yan, Isabel K. M.
    REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING, 2021, 57 (04) : 1437 - 1462
  • [3] Does Fintech affect shadow banking of non-financial firms? Evidence from the entrusted loans
    Feng, Yongqi
    Cao, Yue
    Ni, Juan
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2024, 94
  • [4] Not all shadow banking is bad! Evidence from credit intermediation of non-financial Chinese firms
    Vinh Q. T. Dang
    Isaac Otchere
    Erin P. K. So
    Isabel K. M. Yan
    Review of Quantitative Finance and Accounting, 2021, 57 : 1437 - 1462
  • [5] CEOs' Financial Background and Non-financial Enterprises' Shadow Banking Business
    Yang, Chen
    Shen, Weitao
    FRONTIERS IN PSYCHOLOGY, 2022, 13
  • [6] From Financialization to Sustainability: The Impact of Climate Risks on Shadow Banking Activities in Non-Financial Firms in China
    Zhang, Qiuyue
    Lin, Yili
    Cao, Yu
    SUSTAINABILITY, 2024, 16 (19)
  • [7] Green credit, supply chain transparency and corporate ESG performance: evidence from China
    Zhang, Yingying
    Wan, Dongqi
    Zhang, Lei
    FINANCE RESEARCH LETTERS, 2024, 59
  • [8] Fiscal decentralization and shadow banking activities of non-financial enterprises
    Han, Xun
    Aibai, Abuduwali
    Xie, Xinyan
    FINANCE RESEARCH LETTERS, 2023, 54
  • [9] Exacerbation or suppression? Digital transformation and shadow banking activities of non-financial firms
    Zhao, Xiaoqing
    Yao, Chen
    FINANCE RESEARCH LETTERS, 2024, 61
  • [10] How supply chain digitalization investment affects firm's financial and non-financial performance: Evidence from listed companies in China
    Wu, Yongqiu
    Wang, Jie
    Yang, Pianpian
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2024, 96
12345