Gao, Bei; Liu, Haodong; Tong, Shenghui; Jin, Yanbo - In: International Journal of Financial Studies : open … 13 (2025) 4, pp. 1-30
This study examines how environmental, social, and governance (ESG) performance affects firms' bankruptcy risk and explores the mechanisms linking ESG engagement to financial stability. Using a panel dataset of Chinese-listed firms from 2009 to 2022, we employ multivariate regression analyses,...