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Entrepreneurial Motivations and ESG Performance Evidence from Automobile Companies Listed on the Chinese Stock Exchange

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  • Jun Cui
Abstract
This study explores the impact of entrepreneurial motivations on ESG performance in Chinese stock exchange listed automobile companies. Using quantitative methods and empirical analysis via STATA software, the research examines baseline stability, endogeneity, heterogeneity, and mediation/moderation mechanisms. A sample of 50 firms from the Shanghai and Shenzhen Stock Exchanges 2003 and 2023 was analyzed. Results indicate that entrepreneurial motivations positively influence ESG performance. mediated by innovation capability and moderated by market competition intensity. These findings offer theoretical and practical insights, aligning with Stakeholder and institutional theories. The study provides a robust framework for understanding strategic ESG behavior in Chinas automobile sector.

Suggested Citation

  • Jun Cui, 2025. "Entrepreneurial Motivations and ESG Performance Evidence from Automobile Companies Listed on the Chinese Stock Exchange," Papers 2503.21828, arXiv.org.
  • Handle: RePEc:arx:papers:2503.21828
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    File URL: http://arxiv.org/pdf/2503.21828
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    References listed on IDEAS

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    1. Fan, Zhangmei & Chen, Ying & Mo, Yifan, 2024. "Management myopia and corporate ESG performance," International Review of Financial Analysis, Elsevier, vol. 92(C).
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    5. Tian, Tian & Chen, Ning, 2024. "How does entrepreneurship promote corporate ESG performance?," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    6. Mansouri, Sasan & Momtaz, Paul P., 2022. "Financing sustainable entrepreneurship: ESG measurement, valuation, and performance," Journal of Business Venturing, Elsevier, vol. 37(6).
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    8. Qiang Wan & Jun Cui, 2024. "Dynamic Evolutionary Game Analysis of How Fintech in Banking Mitigates Risks in Agricultural Supply Chain Finance," Papers 2411.07604, arXiv.org.
    9. Ren, Xiaohang & Zeng, Gudian & Zhao, Yang, 2023. "Digital finance and corporate ESG performance: Empirical evidence from listed companies in China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
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