Can Ecological and Environmental Audit Improve ESG Performance of Enterprises?
Ecological and environmental audit is an important institutional arrangement to promote the advancement of ecological civilization,and it is a specific practice of the Xi Jinping Thought on Ecological Civilization in the field of government audit.This paper uses the quasi-natural experiment of ecological and environmental audit conducted by the National Audit Office to explore the impact of ecological and environmental protection audit on ESG performance of enterprises.It is found that ecological and environmental audit can significantly improve the ESG performance of enterprises through information effect and deterrent effect.Ecological and environmental auditors and analysts'attention,institutional investors'shareholding,CPA firms'audit and media monitoring play a synergistic governance effect in improving ESG performance of enterprises.Heterogeneity test has found that the green governance effect of ecological and environmental audit is more pronounced in government officials with educational background in economics and management,and local governments with low environmental governance motivation and state-owned enterprises.The research conclusions enrich the green governance effect of ecological environmental audit and public supervision,expand the study on the influencing factors of enterprises ESG performance.
ecological and environmental auditESG performancegovernment auditcollaborative governance
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