环境、社会和公司治理又称 ESG(environmental,social and governance)作为新兴企业报告体系,在经济市场中发挥不可或缺的治理作用.以 2009-2022 年中国 A 股上市公司为研究样本,通过实证分析揭示了 ESG 披露对企业违规行为的作用,并进一步检验了在不同行业竞争程度以及媒体监督程度下的异质性影响.研究结果表明,ESG披露对企业违规行为具有抑制作用;行业竞争程度更高、受更强媒体监督的企业,ESG披露对企业违规行为的作用更强.
Research on the Impact of ESG Disclosure on Corporate Violations
As an emerging enterprise reporting system,ESG plays an indispensable governance role in the economic market.Taking China's A-share listed companies from 2009 to 2022 as research samples,the role of ESG disclosure on corporate violations through empirical analysis was revealed,and further the heterogeneity of competition in different industries and media supervision was examined.The results show that ESG disclosure has an inhibitory effect on corporate violations.For companies with a higher degree of industry competition and stronger media supervision,ESG disclosure plays a stronger role in corporate violations.
NETL
NSTL
万方数据
