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The impact of green finance on the peer effect of corporate ESG information disclosure

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  • Liang, Zhidong
  • Yang, Xiao

Abstract

In this paper, we empirically examine the impact of green finance on the peer effect of ESG information disclosure based on listed firms in China's stock markets between 2012 and 2021. We show that green finance plays a significant role in promoting the peer effect of firm ESG information disclosure, which is specifically driven by access to green credit, in comparison to other green finance financing options. Green finance can amplify the peer effect of ESG information disclosure by alleviating financing constraints. Overall, this study contributes to the understanding of the interaction mechanism between green finance and firm ESG information disclosure, offering policy implications for enhancing firm-level ESG information disclosure.

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  • Liang, Zhidong & Yang, Xiao, 2024. "The impact of green finance on the peer effect of corporate ESG information disclosure," Finance Research Letters, Elsevier, vol. 62(PA).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001107
    DOI: 10.1016/j.frl.2024.105080
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    References listed on IDEAS

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    2. Zhao, Xin & Benkraiem, Ramzi & Abedin, Mohammad Zoynul & Zhou, Silu, 2024. "The charm of green finance: Can green finance reduce corporate carbon emissions?," Energy Economics, Elsevier, vol. 134(C).
    3. Chen, Di & Hu, Haiqing & Wang, Ning & Chang, Chun-Ping, 2024. "The impact of green finance on transformation to green energy: Evidence from industrial enterprises in China," Technological Forecasting and Social Change, Elsevier, vol. 204(C).

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