This paper investigates the impact of Chinese firms’ ESG performance on their financial constraint and financing activities. We find a negative association between firms’ ESG performance and their financial constraint driven by the Chinese government’s commitment to tackling climate...

This paper examines the dynamic connectedness between the MSCI World ESG Leaders Index, S&P Green Bond Index, and the U.S. ESG Indices. We find that the relative importance of the global ESG equity market to the green bond market as well as the U.S. ESG equity market has kept growing, especially...