Corporate sustainability and trade credit financing: Evidence from environmental, social, and governance ratings

Corporate sustainability and trade credit financing: Evidence from environmental, social, and governance ratings Abstract Using Chinese listed companies from 2009 to 2020, this study investigates the impact of corporate sustainability (measure by environmental, social and governance [ESG] ratings) of listed companies on trade credit financing. Empirical results show that better ESG performance is related to lower information risk and operation risk, which can further increase corporate trade cr...