| How Does ESG Performance Impact Corporate Financing Costs? An Empirical Study in China |
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| 作者姓名： | Wei LI Mei MEI Xiaoyan YU Jiahao WANG Tiangeng |
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| 作者单位： | 1. School of Economics and Management, University of Chinese Academy of Sciences;2. Institute of Medical Information & Library, Chinese Academy of Medical Sciences;3. Business and Management, Royal Holloway, University of London;4. Krieger School of Arts and Sciences, Johns Hopkins University |
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| 基金项目： | Supported by the National Natural Science Foundation of China (72192843, 72334006)；;the Fundamental Research Funds for the Central Universities (E1E40808X2)； |
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| 摘 要： | In the background of the green transformation of the economy and society, the ESG performance of enterprises has been paid more and more attention in the investment decision-making.However, previous studies have inadequately explored how the ESG performance affects corporate financing costs. Based on the information asymmetry theory, this paper analyzes the impact mechanism of ESG performance on corporate financing costs. Then, taking 1044 A-share listed companies in2016–2020 as a sample, throug...
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