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Impact of ESG disclosure on corporate sustainability

Author

Listed:
  • Duan, Kai
  • Qin, Chuan
  • Ma, Shenglin
  • Lei, Xue
  • Hu, Qianqian
  • Ying, Jinhuika

Abstract

Using long-term panel data from Chinese A-share listed manufacturing companies from 2009 to 2022, this study investigates the relationship between environmental, social, and governance (ESG) disclosure and corporate sustainability. Findings indicate that ESG disclosure positively affects economic and social-environmental sustainability performance, with corporate earnings persistence and financing restrictions acting as mediators. The heterogeneity study suggests that the positive effect of ESG disclosure on corporate sustainability performance is more pronounced in non-state-owned enterprises and those with higher analyst attention. Therefore, whether corporate sustainability performance can be enhanced by disclosing integrated environmental, social, and corporate governance information is a current academic issue worthy of study.

Suggested Citation

  • Duan, Kai & Qin, Chuan & Ma, Shenglin & Lei, Xue & Hu, Qianqian & Ying, Jinhuika, 2025. "Impact of ESG disclosure on corporate sustainability," Finance Research Letters, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:finlet:v:78:y:2025:i:c:s1544612325003976
    DOI: 10.1016/j.frl.2025.107134
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    References listed on IDEAS

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    1. Hornyák, Miklós & Csapi, Vivien & Putzer, Petra, 2025. "A digitális érettség és a fenntarthatósági teljesítmény kapcsolata a hazai kkv-knál [The link between digital maturity and sustainability performance in Hungarian SMEs]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 545-565.

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