当代经济管理2024，Vol.46Issue(4)：71-83,13.DOI:10.13253/j.cnki.ddjjgl.2024.04.008
绿色债券发行与企业ESG表现
Green Bond Issuance and Corporate Performance in ESG
任晓姝1
作者信息
- 1. 厦门大学 管理学院, 福建 厦门 361005
- 折叠
摘要
Abstract
Green bond is an important pillar of the green financial system,and it is a direct green financing method.Will the issuance of green bonds promote sustainable development of enterprises?This question deserves special attention.And analyzing the impact of green bond Issuance on enterpri-ses'performance in ESG is not only in line with the Chinese modernization and high-quality development,and also conducive to the effective construc-tion of green financial system.The study found that compared with companies which issuing ordinary bonds,companies issuing green bonds had better ESG performance,and the conclusion was still true after a series of robustness tests.Further,the issuance of green bonds mainly improves ESG per-formance by alleviating the financing constraints of enterprises and reducing the corporate agency costs.After state-owned enterprises,non-heavy pollu-tion enterprises and"dual-carbon"targets were proposed,the conclusion is more significant.In addition,the promoting effect of ESG performance mainly focuses on the influence on"E"and"S",while the influence on"G"only exists in the system construction.关键词
绿色债券/ESG/绿色金融/可持续发展Key words
green bonds/ESG/green finance/sustainable development分类
管理科学引用本文复制引用
任晓姝..绿色债券发行与企业ESG表现[J].当代经济管理,2024,46(4):71-83,13.
