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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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Wan-Ying Ma

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Oct 2026

ESG ratings of major customers and firms' cash holdings: evidence from China

This study examines whether and how major customers' environmental, social, and governance (ESG) ratings influence supplier firms' cash holdings, which represent key corporate liquidity decisions. Using data from Chinese A-share listed firms from 2009–2021 with identifiable major customer relationships, we c...

Wan-Ying Ma, Li-Dan Li, Shao-Peng Cao · 0 citations

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