GX & Decarbonization Research

Aditya Tripathi, M. Machado, L. Spierdijk +1

This systematic literature review synthesizes insights from circular business models, industrial symbiosis, eco-industrial parks, and closed-loop supply chains to inform the development of Hubs for Circularity (H4Cs). It highlights the role…

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…

Qingyang Han, Hongying Gao, Xin Guo

Using data from Chinese A-share listed companies (2011-2023), this study compares how formal and informal environmental regulations affect corporate sustainability. Both types enhance sustainability, with stronger effects for state-owned, n…

Zikun Zhang, Lianqian Yin, Jinpeng Wen +1

This study uses panel data of Chinese A-share listed firms (2013-2023) to examine the impact of supply chain digitalization (SCD) on corporate carbon emission intensity (CEI). Text analysis shows SCD significantly reduces CEI through three …

Tao Wang, Yucong Yan, Chen Chen +1

This study uses data from China's 12369 environmental complaint platform to examine whether public environmental supervision reduces corporate greenwashing. It finds a significant inhibitory effect, reinforced by formal government regulatio…

Zechen Yang, Xuelan Li

This study uses textual analysis of Chinese listed firms' annual reports to construct a climate risk perception index and examines its association with carbon emissions. It finds a positive relationship, suggesting disclosure reflects const…

Jingyi Li, Yongyu Wang

This study examines the impact of China's 2018 Environmental Protection Tax on corporate green investment using a difference-in-differences model with A-share listed firm data from 2012 to 2023. The results show that the tax significantly i…

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 …

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…

Binglong Zhao, Vesarach Aumeboonsuke, Jiafu Su

This paper empirically analyzes how digital finance reduces carbon emissions using coverage, depth, and digitalization level as independent variables, green technology innovation as a mediator, and traditional financial support as a moderat…

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…

Maria J. Nieto, C. Papathanassiou

This paper examines the EU corporate sustainability disclosure framework, including the Taxonomy, as a tool to combat greenwashing, with a focus on banks. It argues that credible implementation with penalties is crucial for effectiveness an…

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…

Qiong Zhang, Zhihong Mao

Using data from Chinese A-share listed companies (2011-2020), this paper shows that corporate digital transformation improves Green Total Factor Productivity (GTFP) through enhanced innovation, accounting transparency, and reduced financing…

T. Zwane, A. Ogunsola

This paper empirically analyzes the negative impact of geopolitical risk on renewable energy transitions in BRICS countries from 1990 to 2023. It finds that policy uncertainty can spur renewable consumption under effective frameworks but hi…

B. Lin, Jinhan Li

This study uses the Belt and Road Initiative (BRI) as a natural experiment to estimate its effect on renewable hydropower generation and carbon emissions. Analyzing panel data from 121 countries (2000-2022) with a multi-period DID approach,…

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…