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Corporate ESG Performance and Stock Pledge Risk

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  • Bai, Keke
  • Jing, Kun
  • Li, Tianyu

Abstract

This paper empirically investigates the impact of corporate ESG performance on stock pledge risk using a sample of A-share listed companies from 2017 to 2021. The paper finds that good ESG performance of listed companies can mitigate stock pledge risk; the mitigating effect of ESG performance on stock pledge ratio and legal risk is more evident in the sample of non-state holding companies; the mitigating effect of ESG performance on stock pledge ratio and legal risk is more significant in the sample of listed companies with high market attention.

Suggested Citation

  • Bai, Keke & Jing, Kun & Li, Tianyu, 2024. "Corporate ESG Performance and Stock Pledge Risk," Finance Research Letters, Elsevier, vol. 60(C).
    • Handle: RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012497
    DOI: 10.1016/j.frl.2023.104877
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    References listed on IDEAS

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    Cited by:

    1. Zhou, Mengling & Huang, Zizhen & Jiang, Kangqi, 2024. "Environmental, social, and governance performance and corporate debt maturity in China," International Review of Financial Analysis, Elsevier, vol. 95(PA).

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