A Study on the Impact of ESG Performance on Financing Ability of Tourism Listed Companies

DOI

10.2991/978-94-6463-298-9_11How to use a DOI?

Keywords

ESG; tourism listed companies; financing capacity

Abstract

Based on the financial data of 25 Shanghai and Shenzhen A-share listed tourism companies from 2014–2021, this paper empirically examines the impact of ESG performance on corporate financing ability. The study shows that: (1) the ESG performance of China’s listed tourism companies significantly and positively affects the financing ability of enterprises, and the effect is heterogeneous; (2) the regression of financing constraint as a threshold variable finds that the effect holds when the financing constraint is less than 2.6189, and the opposite effect is not significant.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yuchun Zhou
PY  - 2023
DA  - 2023/11/30
TI  - A Study on the Impact of ESG Performance on Financing Ability of Tourism Listed Companies
BT  - Proceedings of the 2023 International Conference on Finance, Trade and Business Management (FTBM 2023)
PB  - Atlantis Press
SP  - 110
EP  - 117
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-298-9_11
DO  - 10.2991/978-94-6463-298-9_11
ID  - Zhou2023
ER  -