Corporate Sustainable Development, Corporate Environmental Performance and Cost of Debt

High environmental performance of enterprises may reduce financing costs, while good can promote sustainable development enterprises. Therefore, this paper examines the impact mechanism China’s corporate on and whether plays a regulatory role in research heavy pollution industries. This study is conducted through Breusch Pagan Lagrange multiplier test for random effects Hausman to determine adopt Fixed-effects regression or Random-effects GLS as an estimation method control individual endogenous problems brought by time. By collecting samples listed companies China from 2010 2021, empirical results show that negatively related costs. Sustainable development, moderator variable, costs has weakened inhibition Although existing literature shows will lead changes debt made contributions revealing relationship between verified one important factors affecting