ESG performance and investment efficiency

被引：20
作者：
Lian, Yuanqiang [1 ,2 ,3 ]
Weng, Xiaowen [2 ]
机构：
[1] Yangzhou Univ, Sch Business, Yangzhou 225001, Peoples R China
[2] Yangzhou Univ, Ind Econ Res Inst, Yangzhou 225001, Peoples R China
[3] Yangzhou Univ, Yangzhou 225001, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 62卷
关键词：
ESG performance; Performance volatility; Investment efficiency; Market attention;
D O I：
10.1016/j.frl.2024.105084
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper selects China's A-share listed companies from 2010 to 2022 as a research sample to explore the impact of corporate environmental, social, and governance (ESG) performance on investment efficiency and the mechanism of its role. The findings show that ESG performance can significantly reduce performance volatility and thus improve corporate investment efficiency; ESG performance can alleviate corporate inefficient investment by enhancing market attention.
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页数：6
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