银行信贷与企业ESG表现——来自A股上市公司的经验证据
Bank Credit and Enterprise ESG Performance——Evidence from A-share Listed Companies
张楠 1李响2
作者信息
- 1. 南开大学经济学院(天津,300071)
- 2. 南开大学经济与社会发展研究院(天津,300071)
- 折叠
摘要
银行信贷是责任投资的关键部分,但信息不对称和风险收益不一致等问题严重影响银行对企业ESG建设的支持力度.本文基于2009-2022年A股上市公司数据,考察银行信贷对企业ESG表现的影响.研究表明:(1)整体银行信贷强度和短期银行信贷强度会抑制企业ESG表现;(2)整体银行信贷强度会抑制企业持续ESG策略;(3)银行信贷强度对企业ESG表现和持续ESG策略的抑制作用在非国有企业和高盈利企业中更加明显.
Abstract
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.
关键词
银行信贷强度/ESG/可持续发展/持续ESG策略Key words
bank credit intensity/ESG/sustainable development/continuous ESG strategy引用本文复制引用
出版年
2024
NETL
NSTL
万方数据