市场流动性
公司治理
大流行
业务
股票市场
2019年冠状病毒病(COVID-19)
库存(枪支)
证券交易所
企业社会责任
金融体系
货币经济学
会计
经济
财务
地理
医学
生态学
背景(考古学)
疾病
考古
传染病(医学专业)
生物
病理
作者
Lian Liu,Naoko Nemoto,Changrong Lu
标识
DOI:10.1016/j.eap.2023.06.038
摘要
Environmental, social, and governance (ESG) practices can play a crucial role in promoting green recovery by fostering sustainable and responsible economic growth. Based on a novel dataset of Japanese listed companies from January 2016 to December 2021, this study examines the effect of corporate (ESG) performance on the Japanese stock market during the COVID-19 pandemic. We contribute additional evidence to the literature by exploring the unique role of ESG factors that affect stock markets during economic downturns. The results of the study show a positive association between corporate ESG performance and stock returns during the COVID-19 period. Furthermore, we demonstrate that strong ESG performance contributed to enhanced stock market stability and increased market liquidity in Japan during the COVID-19 pandemic. These results provide a rationale for implementing supportive measures and regulations that encourage companies to adopt and disclose robust ESG practices. By doing so, they can contribute to the stability and liquidity of the stock market and fostering sustainable economic growth.
科研通智能强力驱动
Strongly Powered by AbleSci AI