Drawing on an annual dataset of Chinese Shanghai and Shenzhen A-share listed companies covering the years 2011 to 2023, this study employs multiple regression analysis to investigate the impact of ESG information disclosure on corporate environmental...
This study utilizes digital transformation and patent data from A-share listed companies on the Shanghai and Shenzhen stock exchanges in China between 2011 and 2021 to examine the influence of digital transformation on the quality of cross-regional c...
In recent years, the growth rate of China’s real industry has slowed down while the financial industry has entered a phase of rapid development. Driven by the profit-seeking motive of capital, real enterprises tend to carry out financial invest...
Salary control is an effective mechanism used to modulate executive incentives and behaviors in many state-owned listed companies (SOLCs). This is especially true in China considering the vast number and scale of SOLCs. To gain a deeper understanding...
The purpose of the dual-credit policy is to promote the healthy and sustainable development of China’s new energy vehicle industry. This study took the dual-credit policy as the background, took the new energy vehicle listed companies in the Sh...
With plenty of stocks newly listed in the Chinese stock market everyday, it becomes more and more important for managers and governess to examine the trend of core competencies for these companies. Since most companies of newly listed stocks are smal...
Based on the data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2013 to 2017 and the air quality monitoring data released by China Environmental Monitoring Station, the paper examines the impact of haze on the availability...
This study takes the merger and acquisition (M&A) events completed by A-share listed companies in Shanghai and Shenzhen stock markets from 2006 to 2019 as the research samples and uses the dual difference method to test the impact of a “hig...
As a “testing ground” for a new round of institutional innovation, China’s pilot free trade zones (FTZs) have created favorable development conditions for listed companies and significantly influenced their sustainability performanc...
In the context of pursuing green and low-carbon transformation, exploring how to improve regional energy efficiency in China is significant. This paper takes the Chinese A-share listed companies in Shanghai and Shenzhen from 2009 to 2023 as the resea...
Using a sample consisting of China’s listed manufacturing companies which issue A-shares on the Shenzhen and Shanghai stock exchanges from 2008–2014, this study empirically tests the relationship between board chairman’s political connections and the...
Commercial banks follow sustainable development strategies to provide green credit for companies. As the main target for banks to issue green credit, environmental protection companies carry out research and development (R&D) activities for the p...
This paper investigates the effect of environmental, social, and governance (ESG) performance on the enterprise value of heavily polluting listed companies in China’s Shanghai and Shenzhen A-share markets. The study found that ESG performance h...
Social responsibility information disclosed by listed companies is an important way to transfer non-financial information to the stock market, which affects the level of stock price synchronicity. In order to explore whether Corporate Social Responsi...
Carbon emissions trading pilots are an essential environmental regulation tool for incentivizing companies to reduce carbon emissions and a critical initiative for achieving “dual carbon” targets. This study, based on 2366 observations of...
Corporate innovation is an important topic in the academic community, but there are few studies on the impact of the micro operation environment on corporate innovation. Using the data of A-share listed companies in Shanghai and Shenzhen from 2009 to...
Reserve financial flexibility relates to the long-term development of enterprises. Enterprise managers pay more and more attention to the financial flexibility of reserves, which, however, will cause problems such as insufficient investment and ineff...
As China’s capital market has become more and more developed, listed companies have begun to establish some anti-takeover provisions to protect their controlling right. Existing studies have examined the consequences of the establishment of suc...
This study aims to investigate whether firm performance influences corporate social responsibility reporting of Chinese listed companies. We have used the sample of all A-share listed firms on Shenzhen and Shanghai stock exchanges for the period 2008...
The main purpose of this research is to examine the impact of board gender diversity and foreign institutional investors on the corporate social responsibility engagement of Chinese listed companies by considering a sample from the China Stock Market...
Our paper takes the sample of listed companies from Shanghai and Shenzhen A-share SMEs and then theoretically analyzes and empirically tests the impact of digital inclusive finance on the financial performance of SMEs. The results show that financial...
In this paper, we expand the value-added intellectual coefficient (VAIC) model by constructing a comprehensive financial capital (FC) component. Human capital efficiency is subdivided into executive (EHCE) and nonexecutive human capital efficiency (N...
Increasingly noticeable environmental and risk problems have made more and more companies and regulatory agencies realize the importance of environmental, social, and governance (ESG) activities. However, on the question that whether ESG activities h...
Treating the pilot carbon emissions trading policy as a quasi-natural experiment, this study employs a multi-period difference-in-differences model to assess its employment effects using panel data from Shanghai and Shenzhen A-share listed companies...
This study investigates the relationship between sub-national institutional contingencies and corporate social responsibility performance (CSRP). Sub-national institutional contingencies (SNICs) play a moderating role in the link between CSRP and cor...
To investigate the mechanism of improving corporate sustainable development, this paper uses the sample data of Shanghai and Shenzhen A-share listed companies between 2008–2017 and empirically investigates the effect of institutional investors&...
Taking Chinese A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2007 to 2018 as research samples, this paper studies the relationship between green corporation social responsibility (CSR) and financing cost of Chinese companies...
24 February 2022
Despite the importance of environmental penalties in environmental enforcement, how and under what situations they impact stock market reaction is still unclear. Drawing on the theories of expectancy violation and attention driven, a conceptual model...
Credit risk rating is shown to be a relevant determinant in order to estimate good corporate governance and to self-optimize capital structure. The conclusion is argued from a study on a selected (and justified) sample of (182) companies listed on th...
This paper investigates the role of pilot free trade zones (FTZs) as a policy testing terrace for achieving the sustainable development goals in China. Using a sample of data from Chinese companies that were listed in Shanghai and Shenzhen A stocks,...
Green supply chain management (GSCM) is an important management means for enterprises to achieve sustainable development and green transformation. However, the intrinsic mechanism by which GSCM impacts the sustainable development performance (SDP) of...
The value created by enterprise digitalization is not only reflected in economic value but also has social and environmental value. Using data on A-share listed companies in Shanghai and Shenzhen from 2010 to 2020 as research samples, empirically tes...
This paper aims to examine the effect of busy directors on corporate social responsibility (CSR) based on their directorships’ reputation incentives. Using the panel data of Chinese-listed companies in the Shanghai and Shenzhen stock exchange b...
Green transparency motivates organizations to decrease environmental hazard emissions, improve ecological safeguarding behavior, and increase environmental performance. However, the current literature ignores the cultural and organizational factors b...
This research paper examines the spillover effect of ESG performance on green innovation behavior in companies within the same industry. The study specifically focuses on listed companies on the Shanghai Stock Exchange and Shenzhen Stock Exchange bet...
Corporate social responsibility (CSR) has gained attention in the forestry sector, especially among Chinese forestry companies, which faces serious challenges. This study explores the CSR activities of Chinese forestry companies listed on the Shangha...
10 November 2022
The resource and environmental constraints on China’s economic development have become more prominent; thus there is an urgent need for enterprises to achieve green innovation transformation to promote high-quality economic development. We obta...
Organizational resilience is the potential ability of a system to endure adversity, sustain its existing structure, and recover quickly after a shock. However, we know little about the factors that influence organizational resilience in the context o...
Along with command-and-control and market-incentive environmental regulation policies, environmental information disclosure (EID) is an important measure used by the Chinese government to implement environmental governance. In the context of advocati...
Earnings management refers to a company’s use of either accounting techniques (accrual-based earnings management) or real economic activities (real earnings management) to manipulate reported earnings and mislead users of financial information....
The difference in wages between executives and employees reflects the class conflict in corporate governance. To investigate the political factors within the practice of corporate governance related to employees, this paper empirically tests the rela...
In the context of the digital economy, corporate innovation is shifting from an internally driven, linear model to a multilateral, collaborative mechanism enabled by platform ecosystems. This study integrates persistent innovation into the analytical...
Drawing from A-share listed companies’ data from the Shanghai and Shenzhen stock markets in China (2013–2022), this paper adopts the differential model to test the impact and mechanism of a green supply chain (GSC) pilot on pilot enterpri...
The National Civilized City Program is an important governance championship for cities in China. Taking the National Civilized City Program as a quasi-natural experiment, based on the data of A-share listed companies in Shanghai and Shenzhen from 200...
This study investigates the impact of digital finance on corporate ESG performance, using panel data from A-share listed companies on the Shanghai and Shenzhen stock markets between 2011 and 2022. Our findings demonstrate that digital finance signifi...
This study examined the impact of corporate digitalization on green innovation using data concerning A-share companies listed on the Shanghai and Shenzhen stock markets from 2012 to 2018. We measured the degree of corporate digitalization through a t...
9 August 2022
This paper examines the impact of environmental uncertainty and environmental regulation on enterprises’ green technological innovation, using a panel data of Chinese A-share listed companies in Shanghai and Shenzhen from 2005 to 2019 to conduc...
A prominent claim within the literature is that corporate social responsibility-disclosured firms are fundamentally more resilient to financial shocks, relative to firms that take no corporate social responsibility action. To test this, we examine th...
As a violation of moral integrity, corporate financial irregularities not only cause losses to investors and other stakeholders, but the enterprise itself is also punished by the relevant regulatory authorities. However, to realize their own interest...
This study uses data of A-share listed companies in Shanghai and Shenzhen from 2020 to 2024. We manually collect green procurement lists from official government procurement websites and match them with firm samples. Employing the two-way fixed effec...
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