{"title":"Assessing the impact of government environmental attention on corporate ESG performance: Empirical insights from A-share listed firms in China","authors":"Xiaoling Ouyang , Xin Yao , Ru Fan","doi":"10.1016/j.irfa.2025.104164","DOIUrl":null,"url":null,"abstract":"<div><div>This study assesses the impact of Governmental Environmental Attention (GEA) on the ESG performance of A-share listed firms in China from 2011 to 2020. Utilizing Python for textual analysis of government reports, we quantified local governments' environmental attention and its influence on ESG. Findings indicate that increased governmental attention significantly boosts ESG performance, especially in privately-owned and politically-connected firms, due to higher regional environmental investments and stronger internal and media scrutiny. The impact of GEA is further moderated by executives' political connections, with varying effects across different regional and economic contexts. These results underscore the importance of integrating environmental policies in corporate strategies to enhance economic quality and productivity.</div></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":"103 ","pages":"Article 104164"},"PeriodicalIF":9.8000,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Financial Analysis","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1057521925002510","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/3/25 0:00:00","PubModel":"Epub","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
This study assesses the impact of Governmental Environmental Attention (GEA) on the ESG performance of A-share listed firms in China from 2011 to 2020. Utilizing Python for textual analysis of government reports, we quantified local governments' environmental attention and its influence on ESG. Findings indicate that increased governmental attention significantly boosts ESG performance, especially in privately-owned and politically-connected firms, due to higher regional environmental investments and stronger internal and media scrutiny. The impact of GEA is further moderated by executives' political connections, with varying effects across different regional and economic contexts. These results underscore the importance of integrating environmental policies in corporate strategies to enhance economic quality and productivity.
期刊介绍：
The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.
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