Corporate Board Structural Power and ESG Performance
Using data from A-share manufacturing listed companies in China,the paper analyzes the interaction between the equilibrium of board structural power and ESG performance based on the stakeholder agency theory.The research results show that board structural power in an unbalanced posture improves ESG performance significantly;slack resources positive-ly affect the relationship between structural power imbalance of the board and ESG performance;the more mature the firm is,the more ESG performance is enhanced by the structural power imbalance of the board.In further research,it is found that corporate ESG performance can promote financial performance,and the imbalanced structure power of the board in state-owned enterprises has a greater impact on ESG performance.
ESGboard structural powerslack resourcescorporate life cycle
NETL
NSTL
万方数据
