Green Finance Reform and Corporate ESG Performance: Mechanisms, Empirical Evidence, and Future Research Directions
グリーンファイナンス改革と企業のESGパフォーマンス：メカニズム、実証、今後の研究方向 (AI 翻訳)
Y. Yin
🤖 gxceed AI 要約
日本語
本稿はグリーンファイナンス改革と企業ESGパフォーマンスの関係を包括的にレビューし、資金制約緩和・技術革新・制度規律・評判構築・デジタル金融の5経路を特定。ESG指標の不統一やグリーンウォッシング研究不足などの課題を指摘し、今後の研究方向性を示す。
English
This paper reviews the intersection of green finance reform and corporate ESG performance, identifying five channels: easing financing constraints, stimulating green innovation, reinforcing institutional discipline, building reputation, and integrating digital finance. It highlights limitations such as ESG measurement inconsistency and insufficient attention to greenwashing, and proposes future research directions.
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
日本ではグリーントランスフォーメーション（GX）推進に向けた制度設計が進む中、本レビューはグリーンファイナンス政策の実効性を評価する枠組みを提供する。特にESG評価の不統一やグリーンウォッシングへの警告は、SSBJや有報の開示実務に示唆を与える。
In the global GX context
This review offers a systematic framework linking green finance policy to corporate ESG outcomes, relevant for global transition finance discussions under TCFD/ISSB. The identified research gaps, especially greenwashing and indicator inconsistency, directly inform ongoing policy and disclosure standard development.
👥 読者別の含意
🔬研究者:Identifies five transmission channels and key research gaps (ESG measurement, greenwashing, policy differentiation) for future empirical work.
🏢実務担当者:Highlights how green finance policies can ease financing constraints and stimulate innovation, informing corporate sustainability strategy and financing decisions.
🏛政策担当者:Provides evidence on the mechanisms and effectiveness of green finance reforms, supporting design of transition finance frameworks and ESG disclosure regulations.
📄 Abstract（原文）
Green finance reform represents a crucial institutional mechanism designed to channel financial resources toward supporting the transition to a green economy and ensuring long-term sustainable development. Concurrently, corporate Environmental, Social, and Governance (ESG) performance serves as a fundamental indicator of a firm's operational sustainability and resilience in the contemporary business landscape. This paper provides a comprehensive review of the existing literature concerning the intersection of green finance reform and corporate ESG performance, subsequently developing a robust analytical framework that systematically links policy instruments, corporate strategic responses, and ultimate ESG outcomes. A critical synthesis of previous empirical studies reveals five primary channels through which green finance reform advances corporate ESG initiatives: alleviating financing constraints, stimulating green technological innovation, reinforcing institutional discipline, establishing robust corporate reputation systems, and integrating digital finance solutions. Despite these advancements, current scholarship exhibits several notable limitations, including the persistent irregularity of ESG measurement indicators, insufficient analytical differentiation among various policy instruments, incomplete identification of underlying micro-level transmission mechanisms, inadequate scholarly attention to the phenomenon of ESG greenwashing, and a lack of comprehensive international comparative analyses. To address these critical gaps, future research trajectories should prioritize the rigorous examination of diverse ESG indicators and their long-term dynamic effects on corporate value. Furthermore, subsequent investigations must explore firm-level heterogeneity, the transformative role of emerging digital technologies, and the implications of symbolic ESG disclosure practices to foster a more sustainable global economic paradigm.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.70088/3gstnn28first seen 2026-06-16 05:14:45
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