Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | Faculty of Business | en_US |
| dc.contributor.advisor | 郑大昭 (LMS) | en_US |
| dc.contributor.advisor | 蒋励 (AF) | en_US |
| dc.creator | 唐琳 | - |
| dc.creator | Tang, Lin | - |
| dc.identifier.uri | https://theses.lib.polyu.edu.hk/handle/200/14444 | - |
| dc.language | Chinese | en_US |
| dc.publisher | Hong Kong Polytechnic University | en_US |
| dc.rights | All rights reserved | en_US |
| dc.title | 为什么ESG很重要？及其对投资效率、 融资约束的影响 | en_US |
| dcterms.abstract | 本文检验了 ESG对于调节投资对 q敏感度与投资对现金流敏感度的作用，研究发现 ESG会显著提升投资对 q敏感度并降低投资对现金流敏感度，这说明 ESG会提升公司的投资效率并降低融资约束。本文进一步探究了影响机制，发现 ESG可能通过提升股价信息性提升投资对 q敏感度，ESG可能通过降低代理问题和信息不对称降低投资对现金流敏感度。本文利用 2020 年 9 月我国的 “碳达峰” 和 “碳中和” 政策作为对企业 ESG表现的外生事件冲击，同时利用同行业其他公司的 ESG表现作为企业 ESG表现的工具变量，来缓解本文的内生性问题。 | en_US |
| dcterms.alternative | Why does ESG matter? And its effects on investment efficiency and financing constraints | en_US |
| dcterms.extent | 1 volume (various pagings) | en_US |
| dcterms.isPartOf | PolyU Electronic Theses | en_US |
| dcterms.issued | 2025 | en_US |
| dcterms.educationalLevel | D.Mgt. | en_US |
| dcterms.educationalLevel | All Doctorate | en_US |
| dcterms.accessRights | restricted access | en_US |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 9055.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 1.74 MB | Adobe PDF | View/Open |
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