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AbstractEnterprises should strive for sustainable development since it is a vital component of the economy. Sustainable development serves as a safeguard against elements that might negatively impact the future development of their companies. This article aims to explore the influence of corporate environmental, social, and governance (ESG) performance on corporate violation using Chinese A‐share listed firms as a sample. We discover that corporate ESG performance considerably discourages corporate violation behavior, reducing the risk of corporate violations. Based on the fraud triangle theory, we also show that corporate ESG performance reduces the opportunity of corporate violations by improving information transparency, reduces the pressure of corporate violations by alleviating financing constraints, and reduces the rationalization of corporate violations by increasing media attention. By examining particular corporate violations, we document that corporate ESG performance is more effective for disclosure violations and general violations in corporate governance. Further analysis shows that corporate ESG performance has a considerable impact on companies in nonstate‐owned and small‐company subsamples. These results add to the literature and provide theoretical insights for governors, regulators, company executives, auditors, and other stakeholders.

Since the birth of 5G, it has attracted much attention from all countries in the world. The development of 5G industry is particularly important for domestic economic development. 4G changes life, 5G changes society. 5G will not only accelerate the speed of people surfing the Internet, but also bring revolutionary changes to all aspects of social life, making people's lives, work and entertainment more convenient and diverse. The economic impact of the development of the 5G industry on China cannot be underestimated. Nowadays, information and communication technology has increasingly become a new driving force for economic development. 5G technology has already become a key technology pursuit for countries to compete for the status of world power, and it has also become an indispensable part of contemporary economic and social development. We should give full play to the government's guiding role, and work with network giants to build a new platform for cooperation, promote coordinated industrial development, achieve win-win results, and promote economic and social prosperity and development.

Overexploitation to meet commercial demands has threatened the existence of many species. In theory, one can adopt a portfolio of policies and measures from both the supply (i.e., encourage cultivation while punishing poaching) and demand (i.e., education of consumers) sides to achieve sustainable use. Here we examine the effects of governmental policies and measures towards the utilization of Aquilaria sinensis, a threatened species with high cultural and economic values. We found that, despite national protected status and a suite of government initiatives and granted projects to implement cultivation of the species, poaching persisted and even intensified. From the consumer side, current cultural education related to the species was not coupled with equally strong conservation education, which might have inadvertently reinforced the notion that wild-sourced materials are better, and facilitated a luxury goods-like market for wild products. It appeared that the current government portfolio of initiatives was highly skewed towards utilization, and therefore not effective for promoting the long term ecological persistence of the species. This finding is likely not unique to A. sinensis, nor limited to China. A more balanced portfolio of government initiatives to include stronger and more direct conservation measures towards highly exploited species is needed to achieve sustainable use of this species and related species.