Can companies get more government subsidies through improving their ESG performance? Empirical evidence from China.

ABSTRACT: Environmental protection and social obligation fulfillment have become hot subjects as the "dual carbon" approach has been developed and deepened. The ESG system is consistent with China's current policies, abandoning the traditional business philosophy of economic supremacy in favor of comprehensively measuring corporate social responsibility and sustainable development capability across three dimensions: environmental (E), social (S), and corporate governance (G), which receive widespread attention from all sectors of society. Based on observational data from A-share listed businesses in Shanghai and Shenzhen from 2011 to 2020, this study empirically evaluates the influence and mechanism of ESG on government subsidies. The research results indicate that enterprises can receive more gover

SUBMITTER: Zhang X 

PROVIDER: S-EPMC10547161 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature