The Impact of ESG Performance on Corporate Debt Financing Costs: Empirical Evidence from Chinese A-Share Listed Companies
Purpose: This study explores the impact of ESG performance on corporate debt financing costs in Chinese A-share listed companies. It investigates the underlying mechanisms and heterogeneity across ownership, region, and industry. Methodology: Using panel data of 33,830 firm-year observations from 2011 to 2023, the study applies fixed effects regression models. ESG performance is measured by the H
