Wu Ruohan | ESG Performance of Chinese Enterprises under the Background of Competition and Globaliza
Recently,Initiated by the Center for International Finance and Economics Research (CIFER) of Tsinghua University's PBC School of Finance, hosted by Liaoning University, and co-organized by the Center for International Finance and Economics Research (CIFER) and the School of Finance and Trade of Liaoning University, this event..."2023 International Trade Disputes and Globalization Restructuring Academic Symposium"The meeting was successfully held.
Associate Professor at the University of North GeorgiaWu RuohanAttendees included a lecturer from the University of International Business and Economics and a researcher at CIFER.Chen XiaoHostSub-forum 7: Green Trade and ESGSharing with collaborators on a topic titled "ESG Performance of Chinese Enterprises in the Context of Competition and GlobalizationThe article.
Wu RuohanShe holds a Bachelor of Economics degree from Peking University and a Ph.D. in Economics from Ohio State University. She is currently an Associate Professor in the Department of Economics and Finance at the Business School, North Georgia University. Her research interests include international economics and trade, development economics, industrial economics, and applied economics. She has published numerous academic papers in SSCI-indexed international journals and has presented at several international academic conferences. Her research has been published in [Journal Name - missing from original text].Economics of Transition and Institutional Change, The World Economy, The Journal of International Trade and Economic Development, Review of Development Economics, Post-Communist Economics, Emerging Markets Finance and Tradewait.
Wu Ruohan
In sharing her paper, Wu Ruohan pointed out that market competitiveness is a significant influencing factor of globalization. The authors, through empirical research, explored how market competitiveness affects the ESG (Environmental, Social, and Governance) performance of Chinese companies. They obtained detailed information on A-share listed companies in China from 2011 to 2020 and constructed a panel dataset containing 32,270 observations. Then, using foreign tariff shocks as an instrumental variable, the paper examined the impact of market competitiveness on the environmental, social, and governance performance of Chinese companies. The impact of market competitiveness on the ESG performance of Chinese companies was examined. The authors found that higher market concentration (or lower levels of market competition) significantly improves the environmental, social, and governance performance of companies, and this conclusion remains robust across various tests and measurements of the impact of globalization and market competitiveness. The mechanistic analysis showed that market concentration has a positive impact on environmental, social, and corporate governance by improving the financial performance of companies. Further analysis revealed that market competitiveness not only affects ESG levels but also ESG growth, with its significant impact primarily occurring in state-owned enterprises and manifesting through corporate governance performance.