Media coverage and corporate ESG performance: Evidence from China

被引：188
作者：
He, Feng [1 ,2 ]
Guo, Xinyao [3 ]
Yue, Pengpeng [4 ]
机构：
[1] Capital Univ Econ & Business, Sch Finance, Beijing 100070, Peoples R China
[2] Loboratory Fintech & Risk Management, Tianjin 300222, Peoples R China
[3] Tianjin Univ Finance & Econ, Sch Finance, Tianjin 300222, Peoples R China
[4] Beijing Technol & Business Univ, Beijing 100048, Peoples R China
来源：
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2024年 / 91卷
基金：
中国国家自然科学基金;
关键词：
Media coverage; ESG; Corporate social responsibility; Corporate governance; SOCIAL-RESPONSIBILITY; INSTITUTIONAL INVESTORS; ANALYST COVERAGE; STAKEHOLDER ENGAGEMENT; FINANCIAL PERFORMANCE; MARKET LIQUIDITY; IMPACT; DISCLOSURE; GOVERNANCE; GOVERNMENT;
D O I：
10.1016/j.irfa.2023.103003
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In the context of increasing concern about climate issues, corporate environmental, social and governance (ESG) performance has received widespread attention from the public. Our study focuses on empirically analyzing the effects of media coverage on corporate ESG performance in China. The findings suggest that media coverage plays an effective supervisory role in improving corporate ESG performance. This finding is robust after addressing the potential endogeneity issues. Furthermore, we find that media coverage improves by increasing analysts' attention and deterring agency costs. Our results provide effective suggestions to help enterprises achieve carbon peaking and carbon neutrality goals and to help the media play an effective supervisory role in achieving sustainable development.
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页数：12
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