Based on a sample of Chinese listed companies from 2009 to 2021, this study finds that environmental, social, and governance (ESG) performance has a positive impact on having a sustainable growth rate (SGR). Our heterogeneity analysis reveals that ESG performance leads to higher SGR,...

This study investigates the impact of ESG ratings on corporate innovation. The findings are supported by multiple robustness tests. Mechanism analysis indicates that ESG ratings foster innovation by alleviating financing constraints, attracting R&D talent and mutual funds, as well as by...

This paper delves into the influence of ESG performance on analyst tracking decisions. The study reveals a positive correlation between ESG performance and analyst coverage. All five causal inference methods confirm a significant positive causal effect of ESG performance on analyst tracking...

We examine whether and how investor sentiment affects corporate innovation. We find a statistically significant relationship between investor sentiment and firm innovation. Using the IV and PSM approaches, our results demonstrate that investor sentiment has a positive causal effect on firm...

AbstractThis paper examines the relationship between Seasoned Equity Offerings (SEOs) and corporate innovation, based on data of China's A-share listed companies from 2010 to 202. The empirical results show that SEOs have a significant positive impact on company patents and citations. The...