Hongwei Zhou

Dr. Hongwei Zhou


Research Focus & Metrics

Academic Career Length

3Years (2024-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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16 November 2024 in Systems
Verified
Journal Article
Open access
PDF file
ZZZhi Zhang
Zhi Zhang
YFYanhong Feng
Yanhong Feng
HZHongwei Zhou
Hongwei Zhou
LCLiming Chen
Liming Chen
YLYi Liu
Yi Liu
In the context of addressing climate change, the uncertainty of climate policies has intensified the environmental and regulatory risks faced by enterprises, forcing them to adjust their strategies for fulfilling ESG responsibilities in pursuit of sustainable development. This paper uses panel data from listed non-financial enterprises on China’s Shanghai and Shenzhen A-share markets from 2011 to 2022, employing a fixed-effects panel model to examine the impact of climate policy uncertainty on corporate ESG performance. The findings indicate that climate policy uncertainty significantly hampers the ESG performance of enterprises. The mechanism analysis reveals that climate policy uncertainty negatively affects ESG performance by deepening corporate financing constraints and increasing short-term financial performance. The heterogeneity analysis shows that in terms of ownership structure, the negative impact of climate policy uncertainty on the ESG performance of state-owned enterprises is relatively weaker. In terms of industry heterogeneity, climate policy uncertainty suppresses the ESG performance of enterprises in technology-intensive industries. From a regional perspective, climate policy uncertainty has a stronger inhibitory effect on the ESG performance of enterprises in eastern China. This study provides valuable insights for both national climate policy formulation and corporate efforts to enhance ESG performance.