Review of the Impact of ESG Disclosure on Corporate Commercial Credit Financing

Abstract

ESG is an extension of the concept of green investment, reflecting the concept of sustainable development of enterprises. In order to deeply understand the impact of ESG on corporate trade credit financing, this paper takes the existing research theories of ESG and corporate trade credit financing as an example to study the development background, application prospect, disclosure significance, and existing problems of ESG. At present, the literature on the impact of ESG performance on trade credit financing mainly focuses on three aspects: environment, society, and management. This paper first introduces the development background and application prospect of ESG, then combs the existing research theories related to ESG and corporate commercial credit financing, and finally comprehensively analyzes the significance and existing problems of ESG disclosure in order to help future related research. The results show that the study of ESG is helpful in comprehensively analyzing its potential role in corporate trade credit financing and the current challenges. It is suggested that the research on the relationship between ESG and corporate trade credit financing should be further strengthened in the future to better promote the sustainable development of enterprises and the stability of financial markets.