Bank Credit and Enterprise ESG Performance——Evidence from A-share Listed Companies
Bank credit is a key part of responsible investment,but problems such as information asymmetry and risk-re-turn inconsistency have seriously affected banks'support for corporate ESG construction.Based on the data of A-share listed companies from 2009 to 2022,this paper examines the impact of bank credit on corporate ESG performance.The re-search indicates that:(1)the overall bank credit intensity and short-term credit intensity will inhibit the ESG performance of enterprises;(2)the overall bank credit intensity will inhibit the continuous ESG strategy of enterprises;(3)the inhibition effect of bank credit intensity on the ESG performance and the continuous ESG strategy of enterprises is more obvious in non-state-owned and high-profitability enterprises.
bank credit intensityESGsustainable developmentcontinuous ESG strategy
NETL
NSTL
万方数据
