GX & Decarbonization Research

Li Wang, Hanyu Zhou, Jing Liao +1

This paper empirically examines how ESG performance drives corporate low-carbon transformation using Chinese firm-level data. It finds that better ESG ratings reduce financing costs and spur innovation, leading to significant carbon emissio…

Shanshan Yue, Farhanullah Khan, Khartic Rao Manokaran +1

Using panel data from Chinese listed firms (2014-2023), this study examines the effect of board gender diversity on environmental innovation measured by green patents. Results show a positive association, but this effect is significantly st…

Mateusz Zaczyk, Jakub Semrau

This systematic review examines blockchain for ESG transparency in supply chains under mandatory regimes like CSRD and ISSB. It identifies five typologies and reveals a structural asymmetry: governance dominates (96% of studies), while envi…

Ahmed Abaker, Asim Seedahmed Ali Osman, Aeshah Alotaibi +2

This study develops and tests a socio-technical model of how organizations achieve ESG reporting readiness through sustainable computing (SC) practices. Using PLS-SEM on 312 respondents from Saudi Arabia and the GCC, it finds that organizat…

Hichem Ghnimi, Sihem Hermi

This study examines the impact of digital transformation (DT) on ESG performance using data from 73 French listed companies (2016-2024). Employing FGLS and 2SLS methods, the results show a positive significant effect of DT on ESG performanc…

Nguyen Thi Nhung, N. X. Trung, Nguyen Thac Hoai Phuong

This study develops and validates a multidimensional Customer Social Responsibility (CuSR) scale specifically for green financial products, using data from Vietnamese commercial banks. Factor analysis confirms a four-dimensional structure w…

Jerry Marmen Simanjuntak, A. Kusuma, Kevin Naufal Widyadhana

This article explores the integration of Governance, Risk, and Compliance (GRC) with Environmental, Social, and Governance (ESG) in the Indonesian banking sector. The ESGRC framework mitigates financial and non-financial risks, enhances rep…

Williams Chibueze Munonye, Daniella Ifunanya Munonye

This paper argues that integrating circular economy metrics (CMUR, lifecycle carbon intensity, PCI) into ESG frameworks can reduce greenwashing. Using examples from IKEA and Renault, and EU policies (Circular Economy Action Plan, Digital Pr…

Laxman Tandan, R. Pradhan, S. Samarakoon +1

This systematic literature review synthesizes the state of knowledge on ESG disclosure dynamics and its effects on firms' capital market outcomes. Using bibliometric and thematic analysis, it finds that ESG disclosure affects cost of capita…

Han Hong

This paper analyzes how ESG fund capital flows affect corporate financing decisions for Hong Kong-listed firms. Active ESG fund ownership reduces the average cost of debt by 28 basis points through engagement, while passive funds reduce it …

Y. Mao, Xiangfeng Zeng

This paper uses LONGi Green Energy Technology, a leading photovoltaic company, as a case study to explore how ESG performance influences financial performance through analysis of its ESG practices and financial data from 2020 to 2024. It fi…

Ziting Gu

Using data from China's A-share manufacturing firms (2009-2021), this study empirically examines the effect of ESG ratings on green innovation output. Higher ESG ratings are found to significantly increase green innovation, with the allevia…

Wen Li, Yinghan Zhao, Brian M. Lucey

This study examines how China's Pilot Free Trade Zones (FTZs) influence corporate ESG performance. Using a staggered DiD model on Chinese listed firms from 2009-2024, it finds FTZ designation significantly enhances ESG scores, with effects …

Haidong Bai, Miao Yu

This study examines how ESG engagement influences corporate value using large firm-level data through 2024. It finds that ESG raises valuation partly via green innovation and lower capital costs, with stronger governance and digital capabil…

Ziyi Feng

This systematic review synthesizes theoretical mechanisms and empirical evidence on ESG performance and corporate financing costs, drawing from studies in China, the UK, and the US. It finds that superior ESG performance generally reduces b…

Huiyun Zhang, Peiru Xie, Wenjie Li +1

This study reveals how corporate fintech improves ESG performance through a framework integrating resources, technology, and governance. Using Chinese A-share listed firms from 2011-2023, it finds that fintech enhances ESG by alleviating fi…

Ni Wayan Indah Mahayani, Rofiqah Wahdah, Yanuar Bachtiar +1

This study analyzes the impact of green finance, capital structure, and environmental performance on profitability for mining companies listed on the Indonesia Stock Exchange from 2021-2024. Using multiple regression, it finds that green fi…

Xiulu Huang, Yuhui Chen, Rui Zhu +1

This study finds that ESG reputation risk shocks significantly reduce corporate green M&A activities. The negative effect is amplified under conditions of tightened financing constraints, increased regulatory pressure, and diminished instit…

Federica Doni, Lucio Masserini, Zeila Occhipinti +1

This study analyzes the impact of Italy's legality rating (LR), a sustainability rating introduced in 2012, on corporate debt costs and financing. Using a dataset of 3,905 private firms and propensity score matching, it finds that LR positi…

Liangyu Jiang, Ye Xuan, Kerong Zhang

This study examines the impact of digital transformation on ESG performance using a sample of Chinese A-share listed companies from 2011 to 2022. It finds that digital transformation significantly enhances ESG performance, especially for st…