Research on the Relationship between ESG Performance, Financing Constraints and Corporate Performance of Manufacturing Enterprises
DOI: 10.23977/acccm.2023.050504 | Downloads: 7 | Views: 310
Author(s)
Qiufei Wang 1, Heqi Li 1
Affiliation(s)
1 Department of Management, Shenyang Jianzhu University, Shenyang, China
Corresponding Author
Qiufei WangABSTRACT
Under the background of the dual carbon goals, ESG concept has developed rapidly. It became the information object that more and more enterprises choose to disclose. Manufacturing enterprises should pay more attention to fulfilling ESG responsibilities. Based on this, firstly, this study verifies the relationship between ESG responsibility performance and economic benefits of Chinese manufacturing enterprises. Secondly, this study verifies the moderating effect of financing constraints on the ESG performance and corporate performance of manufacturing enterprises in China. It proves that financing constraints play an important role in the development of manufacturing enterprises in China, and promotes relevant departments to strengthen the management of financing costs. This study will provide some lessons for the development of manufacturing enterprises, and promote business managers and stakeholders to realize the importance of ESG performance for long-term sustainable development.
KEYWORDS
ESG, manufacturing, financing constraints, corporate performanceCITE THIS PAPER
Qiufei Wang, Heqi Li, Research on the Relationship between ESG Performance, Financing Constraints and Corporate Performance of Manufacturing Enterprises. Accounting and Corporate Management (2023) Vol. 5: 33-48. DOI: http://dx.doi.org/10.23977/acccm.2023.050504.
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