当前位置: Home / Achievements / 2024
Professor Yongbin Lv,the Deputy Director of the Base, published a paper in Accounting & Finance
发布时间:2024-10-08 10:24:00 浏览次数:1290

Professor Yongbin Lv, the deputy director of the base (corresponding author), from the School of Public Finance and Taxation at Zhongnan University of Economics and Law (first author), and Dr. Zhenkai Zhai, published a collaborative paper titled "A cross-cultural study of ESG impact on corporate performance and equity" in Accounting and Finance.

Accounting and Finance is an academic journal under the Australian Accounting and Finance Association (AFAANZ). Established in 1979, it has an impact factor of 3.1, is ranked in the JCR Q2 zone, and is categorized as A in the ABDC list. It is a renowned international journal in the fields of finance and accounting.


A cross-cultural study of ESG impact on corporate performance and equity.png


Abstract:Utilising A-share corporate data and quantitative and empirical methodologies, this study examines the potential influence of environmental, social, and governance (ESG) and Confucianism on two critical dimensions of corporate governance: corporate profitability and equity in compensation. The findings indicate that while ESG practices contribute to enhanced profitability, they are also associated with an increased disparity in fair pay, indicating more pronounced salary variations. Significantly, the incorporation of Confucian principles appears to moderate these disparities, aligning ESG efforts more closely with principles of equitable compensation. This research analyses the interplay between contemporary sustainability initiatives and traditional cultural norms, offering valuable insights for the formulation of balanced corporate management strategies.

Linkhttps://doi.org/10.1111/acfi.13345



Author profile

Yongbin Lv, professor, doctoral supervisor, Deputy Dean of School of Finance, Zhongnan University of Economics and Law, Deputy Director of Innovation and Talent Base for Digital Technology and Finance. Research interests: Digital finance, climate finance, inclusive finance.

Lei Wu, professor of School of Public Finance and Taxation, Zhongnan University of Economics and Law, researcher of the Center for International Cooperation and Disciplinary Innovation Income Distribution and Public Finace, and young editorial board member of the international journal Fundamental Research. His main research areas include decision theory, data operations research, and digital fiscal taxation.