Skip to main content
main-content

Tipp

Weitere Artikel dieser Ausgabe durch Wischen aufrufen

11.02.2020 | Original Research

Sustainability in Asia: The Roles of Financial Development in Environmental, Social and Governance (ESG) Performance

Zeitschrift:
Social Indicators Research
Autoren:
Tuan-Hock Ng, Chun-Teck Lye, Kar-Hoong Chan, Ying-Zhee Lim, Ying-San Lim
Wichtige Hinweise

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Abstract

It is increasingly evident that rapid development resulted in habitat loss and environmental degradation. Due mainly to this issue, if unchecked, many countries are susceptible to natural disasters. Financial development has been touted as effective in mitigating environmental risks through its role in providing funds for green technologies development. Nonetheless, evidence regarding the impacts of financial development on environment, social, and governance (ESG) is relatively scant, despite being the central pillars in sustainability management. The main objective of this study is to fill the knowledge gap by examining the connection between financial development and ESG performance in Asia. This study used country-level data for the period between 2013 and 2017. The analyses based on the pooled ordinary least squares technique, the fixed effects regression model, the two-stage least squares method, and the system Generalised Method of Moments estimator show that financial development is positively related to ESG success. Also, additional tests involving the subcomponents of financial sector development (financial markets and financial institutions) show that the finding is consistent and robust under different model specifications. Taken together, financial development is an important catalyst to promote ESG performance in Asia.

Bitte loggen Sie sich ein, um Zugang zu diesem Inhalt zu erhalten

Sie möchten Zugang zu diesem Inhalt erhalten? Dann informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 69.000 Bücher
  • über 500 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Umwelt
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Testen Sie jetzt 30 Tage kostenlos.

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 58.000 Bücher
  • über 300 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Testen Sie jetzt 30 Tage kostenlos.

Literatur
Über diesen Artikel

Premium Partner

    Bildnachweise