Based on the micro-data of Chinese A-share listed enterprises from 2009 to 2021, this paper empirically tests the impact of ESG on enterprises' OFDI. The results show that ESG can significantly promote enterprises' OFDI, and through the robustness test of reducing sample size and increasing control variables, the conclusion is still robust after endogenous processing. The intermediary mechanism test shows that ESG can significantly ease the financing constraints of enterprises, thus helping enterprises to increase the scale of OFDI. The research of this paper broadens the research perspective of ESG and OFDI, and enriches the relevant research conclusions.

Ma Yang. Study on the influence of ESG on Chinese enterprises' foreign direct investment. Academic Journal of Business & Management (2024) Vol. 6, Issue 2: 274-280. https://doi.org/10.25236/AJBM.2024.060239.

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