Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)

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A Study on the Impact of ESG Disclosure on Corporate Credit Availability - A Case Study of Chinese A-share Listed Companies in Shanghai and Shenzhen

Authors
Kaixu Chen1, *
1College of Management, Shenzhen University, Shenzhen, China
*Corresponding author. Email: 2022040212@email.szu.edu.cn
Corresponding Author
Kaixu Chen
Available Online 3 November 2025.
DOI
10.2991/978-94-6463-874-5_44How to use a DOI?
Keywords
ESG disclosure; Credit Availability; Property Rights Heterogeneity
Abstract

This study explores the impact of ESG disclosure on corporate credit availability and analyzes the moderating role of property rights heterogeneity in this relationship, using a sample of Chinese A-share listed companies in Shanghai and Shenzhen from 2009 to 2023. Based on signaling theory, it is found that the quality of corporate ESG disclosure significantly and positively affects its overall credit size, short-term credit and long-term credit availability, indicating that ESG disclosure enhances the ability to obtain credit resources by alleviating the information asymmetry between banks and enterprises and enhancing the banks’ trust in the sustainable development ability of enterprises. Further analysis reveals that property rights heterogeneity has a differential impact on the role of ESG: ESG disclosure promotes long-term credit availability significantly more strongly in private enterprises than in state-owned enterprises, reflecting the diminishing marginal utility of ESG disclosure in state-owned enterprises due to policy support and information advantages. This study provides empirical evidence for the economic consequences of ESG disclosure and policy implications for optimizing credit resource allocation and promoting corporate ESG practices.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
3 November 2025
ISBN
978-94-6463-874-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-874-5_44How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kaixu Chen
PY  - 2025
DA  - 2025/11/03
TI  - A Study on the Impact of ESG Disclosure on Corporate Credit Availability - A Case Study of Chinese A-share Listed Companies in Shanghai and Shenzhen
BT  - Proceedings of the 2025 International Conference on Financial Innovation and Marketing Management (FIMM 2025)
PB  - Atlantis Press
SP  - 358
EP  - 367
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-874-5_44
DO  - 10.2991/978-94-6463-874-5_44
ID  - Chen2025
ER  -