Research on the Impact of ESG Disclosure on Corporate Total Factor Productivity under the Perspective of New Quality Productivity——The Mediation Effect Based on Investment Structure Optimization
Taking A-share listed companies from 2010 to 2021 as the research sample,based on the perspective of new quality productivity,the article deeply researches the relationship and impact mechanism between ESG disclosure and enterprise total factor productivity.The study finds:ESG disclosure can help enterprises accelerate the formation of new quality productivity and improve total factor productivity,and the optimization of investment structure plays an intermediary role;Compared with small and medium-sized enterprises(SMEs),large-scale enterprises have a more significant effect of ESG disclosure in improving total factor productivity;Compared with enterprises with two jobs,enterprises with two separate jobs have a more significant effect of ESG disclosure on the total factor productivity of enterprises.Therefore,it is suggested that enterprises should actively disclose ESG information,pay attention to the optimization of investment structure,accelerate the formation of new quality productivity,and promote the improvement of enterprise total factor productivity.
new quality productivityESG information disclosureinvestment structure optimizationtotal factor productivity
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