Analysis reveals a positive correlation between ESG performance and financial outcomes in Chinese firms, suggesting implications for investors and policymakers.
Key Points
Positive correlation found between esg performance and financial outcomes in firms, indicating that better practices lead to improved financial results.
Analysis shows significant findings with a panel dataset covering 2013 to 2022 for chinese companies listed in Shanghai and Shenzhen.
Employing a two-way fixed-effects model, this study assesses the impact of ownership types on the esg-financial performance relationship.
Research highlights ns oes benefiting more from esg strategies compared to soes, emphasizing the importance of operational flexibility.