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
  • [21] ESG and Corporate Financial Performance: Empirical Evidence from China's Listed Power Generation Companies
    Zhao, Changhong
    Guo, Yu
    Yuan, Jiahai
    Wu, Mengya
    Li, Daiyu
    Zhou, Yiou
    Kang, Jiangang
    SUSTAINABILITY, 2018, 10 (08)
  • [22] Corporate ESG performance and trade credit financing-Evidence from China
    Luo, Chunhua
    Wei, Dianlong
    He, Feng
    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2023, 85 : 337 - 351
  • [23] Corporate ESG performance and manager misconduct: Evidence from China
    He, Feng
    Du, Hanyu
    Yu, Bo
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2022, 82
  • [24] Corporate ESG performance and credit misallocation: Evidence from China
    Kuai, Yicheng
    Wang, Peiwen
    Huang, Guanglin
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2025, 73
  • [25] Corporate culture and ESG performance: Empirical evidence from China
    Bai, Fuping
    Shang, Mengting
    Huang, Yujie
    JOURNAL OF CLEANER PRODUCTION, 2024, 437
  • [26] Official Turnover and Corporate ESG Practices: Evidence from China
    Yang, Youde
    Xu, Guanghua
    Li, Ruiqian
    ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (18) : 51422 - 51439
  • [27] Green Financial Reform and Corporate ESG Performance in China: Empirical Evidence from the Green Financial Reform and Innovation Pilot Zone
    Chen, Zhao
    Hu, Ling
    He, Xin
    Liu, Ziming
    Chen, Danni
    Wang, Weirui
    INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2022, 19 (22)
  • [28] The Influence of Non-Financial Enterprises' Shadow Banking on Innovation Quality Under Economic Policy Uncertainty
    Li, Yongkui
    Liu, Xiaokang
    SAGE OPEN, 2024, 14 (03):
  • [29] Climate risks and corporate supply chain configuration:Evidence from China
    Su, Zhifang
    Deng, Changzhe
    Feng, Yufang
    Bai, Yulu
    Xu, Zhikai
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2025, 76
  • [30] Implementation costs of IFRS 9 for non-financial firms: evidence from China
    Fang, Xingtong
    Guo, Yuanyuan
    Mei, Beilei
    Ye, Jianfang
    ACCOUNTING AND FINANCE, 2022, 62 (02) : 2781 - 2805
12345