Digital Finance and Corporate ESG
We investigate the effect of digital finance on corporate environmental, social and governance (ESG). Using a large sample of Chinese listed firm over the period 2011-2020, we find that digital finance positively affects corporate ESG performance, which remains robust after a series of robustness checks. We also find that digital finance enhances the ESG through mitigating corporate financing constraints. In addition, the positive effect of digital finance on corporate ESG performance is more pronounced in non-state owned enterprises, small-sized firms, firms with lower level of marketization, and firms in the central and western regions
Year of publication: |
2022
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Authors: | Mu, Weiwei ; Liu, Kefu ; Tao, Yunqing ; Ye, Yongwei |
Publisher: |
[S.l.] : SSRN |
Saved in:
freely available
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