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Research on the Impact of ESG Performance on Business Credit Financing

Aug 2026 · Asia Pacific Economic and Management Review · 0 citations

Abstract

Taking Chinese A-share listed companies as the research sample, this paper empirically examines the impact of ESG performance on enterprise commercial credit financing. The results show that good ESG performance can significantly improve the level of commercial credit financing obtained by enterprises. By releasing positive signals of operation stability, risk control and sustainable development, enterprises with high ESG scores can enhance the trust of suppliers and other business partners, reduce information asymmetry and default risk, and thus gain more commercial credit support. Further research indicates that the promotion effect is more significant in non-state-owned enterprises, enterprises facing strong financing constraints and industries with high competition. This study enriches the relevant literature on the economic consequences of ESG performance and the influencing factors of commercial credit financing, and provides useful implications for enterprises to improve their ESG management and optimize their financing structure[1].

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