首页|企业ESG信息披露同群效应与高质量发展——基于竞争和信息机制的视角

企业ESG信息披露同群效应与高质量发展——基于竞争和信息机制的视角

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基于企业自愿披露ESG信息的行为,选取沪深两市A股上市公司2011-2021年数据,基于同群效应的视角考察了企业ESG信息披露同群效应的基本特征.研究结果显示,企业在ESG信息披露方面普遍具有显著的行业同群效应和地区同群效应.企业ESG信息披露行业同群效应的形成机制主要基于市场竞争性模仿,行业竞争程度对该效应有显著的促进作用;企业ESG信息披露地区同群效应的形成机制主要基于信息获取性模仿,地区信息透明程度对该效应有显著的促进作用.此外,企业ESG信息披露同群效应存在地区异质性和生命周期异质性.最后,研究发现企业ESG信息披露行业同群效应能够显著促进企业高质量发展,地区同群效应则对企业高质量发展没有显著影响.
The Peer Effect of Corporate ESG Information Disclosure and High-quaility Development:Based on the Perspective of Competition and Information Mechanism
Based on the behavior of companies voluntarily disclosing ESG information,this paper uses the data of A-share listed companies in Shanghai and Shenzhen from 2011 to 2021,and examines the basic characteristics of the peer effect of corporate ESG information disclosure from the perspective of the peer effect.The results show that companies generally have significant industry peer effects and regional peer effects in ESG information disclosure.The formation mechanism of the industry peer effect of corporate ESG information disclosure is mainly based on market competitive imitation,and the degree of industry competition has a significant promoting effect on this effect;The formation mechanism of the regional peer effect of corporate ESG information disclosure is mainly based on information acquisition imitation,and the degree of regional information transparency has a significant promoting effect on this effect.In addition,there is regional heterogeneity and life cycle heterogeneity in the peer effect of corporate ESG information disclosure.Finally,this study found that the industry peer effect of corporate ESG information disclosure can significantly promote the high-quality develop-ment of enterprises,while the regional peer effect has no significant impact on the high-quality development of enterprises.

ESG information disclosurePeer effectHigh-quality developmentEnterprise's management

苑泽明、刘甲、于翔、黄灿

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天津财经大学会计学院,天津 300221

南开大学商学院,天津 300071

ESG信息披露 同群效应 高质量发展 企业管理

2025

技术经济与管理研究
山西省人民政府发展研究中心

技术经济与管理研究

北大核心
影响因子:0.733
ISSN:1004-292X
年,卷(期):2025.(1)