Academic Journal
The impact of ESG performance on enterprise export resilience in China: do government subsidies matter?
| Τίτλος: | The impact of ESG performance on enterprise export resilience in China: do government subsidies matter? |
|---|---|
| Συγγραφείς: | Liu, Zhen1 (AUTHOR), Wen, Qingcheng1 (AUTHOR), Li, Qingyang1 (AUTHOR) liqingyang1993@163.com |
| Πηγή: | Applied Economics. Jun2026, p1-17. 17p. 1 Illustration. |
| Θεματικοί όροι: | *Environmental, social, & governance factors, *Subsidies, *Public sector, *Organizational resilience, *Economic development, *Export financing, Economic conditions in China |
| Γεωγραφικοί όροι: | China |
| Περίληψη: | The current complex international economic environment poses significant challenges to corporate exports, making it crucial to enhance firms’ export resilience amid external shocks. While extensive research has examined corporate environmental, social, and governance (ESG) engagement, the relationship between ESG practices and export resilience remains underexplored, particularly regarding the moderating role of government subsidies. To address this gap, this study uses data from Chinese listed firms to investigate how ESG performance improves export resilience and how government subsidies shape this relationship. Our findings show that strong ESG performance significantly strengthens export resilience by easing financial constraints, fostering innovation, and enhancing corporate reputation. Each ESG dimension independently contributes to export resilience, highlighting the multifaceted nature of sustainability-driven advantages. Heterogeneity analyses reveal that the effects are more pronounced among state-owned enterprises (SOEs), non-labour-intensive firms, and high-tech companies. Importantly, government subsidies amplify the positive link between ESG and export resilience, with this moderating effect consistently observed across all ESG dimensions. These results underscore the critical role of fiscal policy in leveraging ESG for trade stability. The study advances theoretical understanding of sustainability-performance linkages in international business and offers practical insights for policymakers designing ESG-aligned industrial support to enhance export competitiveness. [ABSTRACT FROM AUTHOR] |
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| Βάση Δεδομένων: | Business Source Index |
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