A Study on the Impact of Government Subsidies on the Double-Edged Sword Effect on Corporate ESG Performance
Under the goal of'dual-carbon',China's ESG system has stepped into the fast track of development under the guidance of policies,and it has become an important research topic at this stage to explore the intrinsic relationship between government subsidies and corporate ESG performance and how to construct an efficient driving mechanism of government subsidies on corporate ESG.It has been found that government subsidies produce a dou-ble-edged sword effect:on the one hand,the financial support provided by the government can alleviate the financ-ing constraints of enterprises and reduce the operating costs and risks;on the other hand,unclear subsidy policies lead to an increase in rent-seeking behaviours of enterprises,resulting in a distortion in the allocation of economic resources.We review the relevant literature at home and abroad,and analyse the'double-edged sword'effect of government subsidies from the three dimensions of environment,society,and corporate governance(ESG),to clar-ify the internal mechanism between the two,and to further suggest relevant practices to the government and point out the direction of future research.
government subsidiescorporate ESG performancedouble-edged swordgreen innovationrent-seeking
万方数据
维普
