Shi, Yongdong; Zheng, Shijie; Zhen, Hongxian - In: China journal of accounting research : CJAR 17 (2024) 4, pp. 1-25
We analyze China Securities Index Co., Ltd. (CSI) environmental, social and governance (ESG) scoring data, which … indicate that better CSI ESG scores are correlated with lower debt financing costs. Additionally, improvements in local … environmental execution enhance the effect of CSI ESG scores on debt financing costs. However, this effect diminishes with increased …