How to motivate the management to actively fulfill ESG responsibilities is a hot topic of academic research in recent years.The relationship between management equity incentives and ESG performances is empirically analyzed based on the data of China's Shanghai and Shenzhen A-share non-financial listed companies from 2011 to 2022.The results are as follows:management equity incentive positively affects ESG performance;the mechanism test shows that management equity incentive can promote the fulfillment of ESG responsibility by increasing analysts'attention and reducing agency costs;the heterogeneity test shows that in enterprises with higher information transparency and lower financing constraints,management equity incentive has a greater positive impact on ESG presentation.
维普
万方数据