Impact of corporate environmental uncertainty on environmental, social, and governance performance: The role of government, investors, and geopolitical risk.

ABSTRACT: Corporations face multifaceted environmental uncertainties (EU) in today's dynamic global economic environment. Such uncertainties profoundly affect corporate operations and pose significant challenges to their environmental, social, and governance (ESG) performance. Therefore, using data from Chinese A-share listed corporations from 2009 to 2021, we empirically analyze the impact of the EU on ESG performance. The results demonstrate that the EU significantly negatively impacts ESG performance, indicating that corporations frequently find it difficult to implement and maintain high-standard ESG policies and practices effectively. Additionally, they reveal that the EU inhibits the improvement of ESG performance by increasing corporate financing constraints (KZ). Lastly, this study explores

SUBMITTER: Guo X 

PROVIDER: S-EPMC11349233 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature