“…[2019], Chen, Dong, and Lin [2020]), and supply chain relationships (e.g., Dai, Liang, and Ng [2021], Baik et al. [2022], She [2022]). My paper adds to this literature by documenting the role of a specific stakeholder group—banks, the main capital and liquidity providers—in propagating and accelerating the effect of ESG disclosure mandates through their lending processes.…”