Proceedings of the 2026 5th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2026)

2026 5th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2026)

📍Dali, China🗓️ 11-13 September 2026
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How Corporate ESG Performance Drives Green Transformation: Empirical Evidence from China’s A-Share Listed Firms

Authors
Huixuan Cheng1, *
1Donghua University, Shanghai, China
*Corresponding author. Email: 3514945294@qq.com
Corresponding Author
Huixuan Cheng
Available Online 10 November 2026.
DOI
10.2991/978-94-6239-825-2_59How to use a DOI?
Keywords
ESG; Corporate Green Transformation; Financing Constraints
Abstract

Sustainable development has emerged as a worldwide imperative and a central expression of China’s dual-carbon objectives. With escalating regulatory expectations concerning ESG disclosure by A-share listed firms, the influence of corporate ESG performance on green transition has become a subject meriting rigorous scholarly examination. This study investigates the impact of ESG performance on corporate green transformation—and the mechanisms driving this relationship—by applying a two-way fixed effects model to a panel of Chinese A-share listed companies spanning 2015–2025. The results yield three key conclusions. First, ESG performance exerts a significantly positive effect on green transformation. Second, mechanism analysis reveals that alleviating financing constraints serves as an important transmission channel through which ESG performance facilitates green transformation. This study contributes to the scholarly discourse on factors influencing corporate green transformation and underscores how alleviating financing constraints facilitates the linkage between ESG performance and green transformation.

Copyright
© 2026 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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<Previous Article In Volume
Volume Title
Proceedings of the 2026 5th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2026)
Series
Advances in Economics, Business and Management Research
Publication Date
10 November 2026
ISBN
978-94-6239-825-2
ISSN
2352-5428
DOI
10.2991/978-94-6239-825-2_59How to use a DOI?
Copyright
© 2026 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  - Huixuan Cheng
PY  - 2026
DA  - 2026/11/10
TI  - How Corporate ESG Performance Drives Green Transformation: Empirical Evidence from China’s A-Share Listed Firms
BT  - Proceedings of the 2026 5th International Conference on Public Service, Economic Management and Sustainable Development (PESD 2026)
PB  - Atlantis Press
SP  - 616
EP  - 622
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-825-2_59
DO  - 10.2991/978-94-6239-825-2_59
ID  - Cheng2026
ER  -