Does ESG Promote the Common Prosperity of Enterprises?
This paper examines the relationship between ESG and common prosperity from the enterprise level.According to the theoretical analysis,enterprises engaged in ESG activities can promote common prosperity from three aspects:first,it is conducive to improving and improving the financial performance of enterprises,that is,'making a big cake';second,it is conducive to improving the income distribution within the enterprise,that is,'sharing a good cake';thirdly,it is beneficial for enterprises to carry out charitable activities,that is,'sharing cake'.The empirical analysis of the sample data of China's A-share listed companies in Shanghai and Shenzhen from 2009 to 2022 shows that the participation of enterprises in ESG has significantly improved the financial performance,labor income share and charitable donations of enterprises,but it has not improved the income gap between the internal management and ordinary em-ployees.This paper clarifies the relationship between ESG and common prosperity within enterprises,and provides empirical evidence for enterprises to achieve common prosperity through ESG activities.
ESGsustainable developmentprosperity in commonlabor income share
万方数据
维普
