The Impact of Green Factory Rating on Corporate ESG Performance
グリーンファクトリー評価が企業のESGパフォーマンスに与える影響 (AI 翻訳)
Yihang Zhao
🤖 gxceed AI 要約
日本語
本稿は2012〜2023年の中国A株上場企業データを用い、グリーンファクトリー認証が企業のESGパフォーマンスに及ぼす影響を分析。認証を受けた企業はESGスコアが向上し、資金調達制約の緩和とグリーンイノベーションの促進が経路として機能する。低炭素パイロット都市や東部地域で効果が顕著。
English
Using Chinese A-share listed firms from 2012-2023, this paper finds that green factory certification improves ESG performance through easing financing constraints and stimulating green innovation, with stronger effects in low-carbon pilot cities and eastern regions.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本でもグリーン工場認証（エコ・ファクトリー等）が存在するが、本稿は中国の制度を対象としている。日本の読者にとっては、中国における政策効果の実証結果として参考になるとともに、自国のグリーン工場制度の評価枠組みに応用可能な知見を提供する。
In the global GX context
This study provides empirical evidence on how government green certification programs can drive corporate ESG performance, relevant to global discussions on green industrial policy and sustainable finance. The findings on financing constraints and green innovation mechanisms are broadly applicable.
👥 読者別の含意
🔬研究者:Provides causal evidence on green certification and ESG performance with mechanism analysis (financing constraints and green innovation).
🏢実務担当者:Shows that obtaining green factory certification can enhance ESG ratings and access to finance, informing corporate strategy.
🏛政策担当者:Offers insights for designing green industrial policies that promote corporate sustainability through certification and targeted incentives.
📄 Abstract（原文）
Against the backdrop of the "dual carbon" goal and the deepening of the green development concept, this paper adopts the data of China's A-share listed companies from 2012 to 2023, and takes the green factory rating policy as an entry point to test the impact of this policy on the ESG performance of firms and its internal mechanism. The results show that firms awarded with green factories are conducive to enhancing their ESG performance. Mechanism analysis shows that green factory rating can promote corporate ESG performance through two paths: alleviating financing constraints and stimulating green innovation. Heterogeneity analysis finds that the policy has a more significant effect on the ESG performance of enterprises in low-carbon pilot cities and eastern regions. This paper provides empirical evidence and decision-making reference for improving the green industrial policy system and promoting the practice of corporate sustainable development.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.54097/29raj709first seen 2026-05-15 21:27:10
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