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This study investigates the role of environmental, social and governance (ESG) policies in enhancing the resilience of Chinese firms during the COVID-19 crisis. By analyzing data from over 3,069 publicly listed companies, the research aims to elucidate the impact of robust ESG practices on stock market performance and operational outcomes during economic disruptions.

Using a dataset comprising ESG scores and financial performance metrics of Chinese firms, we conduct an empirical analysis to assess the correlation between ESG practices and corporate resilience during the COVID-19 pandemic. The study focuses on evaluating the individual contributions of the social and governance components to overall firm performance.

The analysis reveals that firms with higher ESG scores, especially in social and governance aspects, exhibit superior stock market performance and operational outcomes during the pandemic. Companies with strong governance mechanisms demonstrate more pronounced benefits, including better long-term sales growth and return on equity (ROE). The findings highlight the critical role of ESG policies in ensuring corporate stability and competitive advantage during crises.

This article provides a comprehensive overview of the impact of corporate ESG ratings on corporate trust and offers a detailed discussion on the protective role of ESG/CSR on firm value during crises, thus providing an original literature contribution.

This study aims to assess the enduring lack of citizenship for rural migrants coming to cities to work, and the extent to which there has been any progress in altering their status in past decades.

This study uses a narrative approach, relying on documentary sources. It takes a chronological approach in evaluating signs of progress but mainly tells a story of long-term continuity in the treatment of outsiders – even though they are from their own country – by urban officials and citizens.

The main finding is that the management of rural migrants in China’s cities has not fundamentally improved in the 40-plus years since they were released from the communes and permitted to come to cities to work. This is despite various pronouncements of change, most of which mattered little, if at all, in the implementation.

This study applies the concept of “citizenship” to what has been done and, mostly not done, for migrants over the past decades.