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The Impact of ESG Performance on Debt Default Risk of Heavy Polluter Firms -Study of mediation effects based on financing constraints-

  • Industry Promotion Research
  • Abbr : IPR
  • 2024, 9(2), pp.197-205
  • DOI : 10.21186/IPR.2024.9.2.197
  • Publisher : Industrial Promotion Institute
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : March 19, 2024
  • Accepted : April 16, 2024
  • Published : April 30, 2024

Sisi Chen 1 Jae yeon Sim 2

1중국, 광저우상과대학
2세한대학교

Accredited

ABSTRACT

This study examines the impact of corporate ESG performance on debt default risk using a sample of Chinese A-share listed.The I mpact of ESG Performance on Debt Default Risk of Heavy Polluter Firms from 2012 to 2022. The findings show that good ESG performance can effectively reduce firms' debt default risk. Further analysis shows that firms' ESG performance reduces debt default risk by mitigating the impact of financing constraints. This study explores the influencing factors of debt default risk from the perspective of ESG performance, and also enriches the research on the economic impact of corporate ESG performance, providing empirical evidence for the prevention of corporate debt default risk.

Citation status

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