How ESG Reporting Effects on Green Credit , Green Investment : Moderating Role of Growth Sales

Abstract

Scholars and authorities are becoming more interested in environmental challenges, and experts have revealed their organizational consequences. At the same time, ESG reporting is regarded as a critical component of financial performance in developed and developing nations. In light of this, this study aims to investigate how China's manufacturing industry sales growth is impacted by ESG reporting, green innovation performance, green credit, green investment, and R&D intensity. Non-financial trade manufacturing companies listed on the Shanghai and Shenzhen stock exchanges between 2015 and 2020 were selected for this study. For data estimation, panel regression estimations using OLS, fixed effects models have been used. The results demonstrate a significant positive correlation between manufacturing industry growth sales in China and ESG reporting, green innovation performance, green credit, green investment, and R&D intensity. Lastly, several practical takeaways are offered to boost green innovation performance among ESG reporting enterprises and increase the effectiveness of R&D intensity. These findings, including Policy recommendations, will benefit all parties involved.

State equity participation and financing constraints of private enterprises in China: Based on the competitive pressure perspective

“…It is generally believed that listed enterprises have a strong market power; therefore, the possibility of financing constraints is low. (6) To avoid the possibility of bias caused by the heterogeneity of cities or industries in the model estimation, city dummy variables (City FE) and industry dummy variables (Industry FE) are introduced [37]. Descriptive statistics for the key variables are shown in Table 1, and descriptive statistics of the variables between the groups are shown in Fig 2 . PLOS ONE…”