The Impact of Green Finance on Corporate ESG Performance
グリーンファイナンスが企業のESGパフォーマンスに与える影響 (AI 翻訳)
Yuqing Tian
🤖 gxceed AI 要約
日本語
本研究は、個別固定効果モデルを用いてグリーンファイナンスが企業のESGパフォーマンスに与える影響を分析。企業規模や所有形態による異質性を考慮し、内生性を制御した結果、グリーンファイナンスはESGパフォーマンスに有意で頑健な正の効果を持つことが確認された。政策提言として、グリーンファイナンス政策の最適化とESG実践の促進に寄与する。
English
This study uses an individual fixed effects model to examine the impact of green finance on corporate ESG performance, considering heterogeneity by firm size and ownership. After controlling for endogeneity, green finance shows a significant and robust positive effect on ESG performance. The findings provide empirical references for optimizing green finance policies and advancing corporate ESG practices.
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
日本のGX文脈では、グリーンファイナンスはGX実現の鍵であり、本研究成果は日本の金融機関や企業がESG経営を強化する際のエビデンスとして活用可能。ただし、日本固有の制度（例：有価証券報告書や統合報告書）には直接言及していない。
In the global GX context
This paper contributes to the global discussion on the effectiveness of green finance in improving corporate ESG performance, relevant for investors and regulators under frameworks like TCFD and ISSB. It provides empirical support for integrating green finance into sustainability strategies.
👥 読者別の含意
🔬研究者:Provides robust empirical evidence on the green finance-ESG link with heterogeneity analysis, useful for further research on causal mechanisms.
🏢実務担当者:Helps corporate sustainability teams justify green finance initiatives to improve ESG ratings and meet investor demands.
🏛政策担当者:Offers evidence to design effective green finance policies that enhance corporate ESG outcomes, supporting sustainable finance regulation.
📄 Abstract（原文）
In the global green development context, green finance is a key tool for corporate sustainability, and its correlation with ESG performance has attracted much attention. This study uses an individual fixed effects model to examine ESG performance and assess green finance's impact and causal relationship. Heterogeneity analysis based on firm size and ownership type shows different patterns in ESG performance improvements. Multiple - dimension robustness tests were conducted, such as substituting core explanatory variables, replacing dependent variables, adjusting sample scope, and integrating individual and two - way fixed effects analysis results. Empirical findings show that green finance has a significant and robust positive effect on ESG performance, remaining valid after controlling for endogeneity and confounding factors. This research enriches existing studies and provides empirical references and practical ways for optimizing green finance policies, advancing corporate ESG practices, and promoting high - quality economic development.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.54254/2754-1169/2025.bl31140first seen 2026-05-06 00:45:12
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。