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The impact of green finance on the peer effect of corporate ESG information disclosure

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  • Liang, Zhidong
  • Yang, Xiao

Abstract

In this paper, we empirically examine the impact of green finance on the peer effect of ESG information disclosure based on listed firms in China's stock markets between 2012 and 2021. We show that green finance plays a significant role in promoting the peer effect of firm ESG information disclosure, which is specifically driven by access to green credit, in comparison to other green finance financing options. Green finance can amplify the peer effect of ESG information disclosure by alleviating financing constraints. Overall, this study contributes to the understanding of the interaction mechanism between green finance and firm ESG information disclosure, offering policy implications for enhancing firm-level ESG information disclosure.

Suggested Citation

  • Liang, Zhidong & Yang, Xiao, 2024. "The impact of green finance on the peer effect of corporate ESG information disclosure," Finance Research Letters, Elsevier, vol. 62(PA).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324001107
    DOI: 10.1016/j.frl.2024.105080
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    References listed on IDEAS

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    Cited by:

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    6. Da Gao & Xiaotian Zhou & Jing Wan, 2024. "Unlocking sustainability potential: The impact of green finance reform on corporate ESG performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4211-4226, September.
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    8. Sun, Tingxuan & Liu, Suqin & Guo, Min, 2025. "Effects of green finance and digital transformation on enhancing corporate ESG performance," Finance Research Letters, Elsevier, vol. 74(C).

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