China Finance Review International: Volume 14 Issue 1

Guest editorial: Venture capital and green finance for sustainable development

Shaun Shuxun Wang, Yun Feng, Xinjie Wang

A survey on ESG: investors, institutions and firms

P. Raghavendra Rau, Ting Yu

Over the past two decades, the topics of Environmental, Social and Corporate Governance (ESG) and Corporate Social Responsibility (CSR) have attracted an increasing amount of…

Shaping corporate ESG performance: role of social trust in China's capital market

Tiantian Tang, Liyan Yang

This study investigates the influence of social trust on the attainment of corporate environmental, social and governance (ESG) objectives.

Environmental, social and governance (ESG) - augmented investments in innovation and firms' value: a fixed-effects panel regression of Asian economies

Muhammad Azhar Khalil, Rashid Khalil, Muhammad Khuram Khalil

Historically, investments in innovation are perceived as one of the paramount decisions businesses opt to thrive and the impact of such investments on businesses' market…

The impact of China's green credit policy on enterprise digital innovation: evidence from heavily-polluting Chinese listed companies

Qiang Lu, Yang Deng, Xinyi Wang, Aiping Wang

As an effective tool to promote rational resource allocation and facilitate the development of green management practices such as enterprise digital innovation, the green credit…

The deterrent effect of central environmental protection inspection: evidence from Chinese listed companies

Xiaoyun Wei, Chuanmin Zhao

In this paper, the authors take the central environmental protection inspection (CEPI) as an exogenous shock to study the reaction of the stock market in China. Using the event…

The environmental externality of economic growth target pressure: evidence from China

Fangying Pang, Hongji Xie

This study aims to investigate the external effect of the economic growth target pressure of local governments on establishment-level SO₂ emissions.

Funding startups using contingent option of value appreciation: theory and formula

Shaun Shuxun Wang

This paper provides a structural model to value startup companies and determine the optimal level of research and development (R&D) spending by these companies.

Does venture-backed innovation support carbon neutrality?

Donghui Li, Yingdong Liu, Minxing Sun, Xinjie Wang, Weike Xu

This paper aims to answer three questions: (1) Which countries invest more capital in green firms? (2) What kind of industries do venture capitals (VCs) invest in? (3) Do VCs…