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ESG performance and investment efficiency

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  • Lian, Yuanqiang
  • Weng, Xiaowen

Abstract

This paper selects China's A-share listed companies from 2010 to 2022 as a research sample to explore the impact of corporate environmental, social, and governance (ESG) performance on investment efficiency and the mechanism of its role. The findings show that ESG performance can significantly reduce performance volatility and thus improve corporate investment efficiency; ESG performance can alleviate corporate inefficient investment by enhancing market attention.

Suggested Citation

  • Lian, Yuanqiang & Weng, Xiaowen, 2024. "ESG performance and investment efficiency," Finance Research Letters, Elsevier, vol. 62(PA).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001144
    DOI: 10.1016/j.frl.2024.105084
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    References listed on IDEAS

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