Can Party Organization's Participation in Corporate Governance Improve Corporate ESG Performance?
This paper selects the data of Shanghai and Shenzhen A-share listed companies from 2013 to 2022 to empiri-cally test the relationship between Party organization's participation in corporate governance and corporate ESG per-formance.The research shows that the party organizations participation in the corporate governance can significantly improve the ESG performance of enterprises.The mechanism study shows that such participation can improve the ESG performance by improving the environmental protection cognition of executives and improving the quality of in-ternal control.In addition,improving corporate information transparency can amplify the role of Party organization's participation in corporate governance in enhancing corporate ESG performance.Further research shows that the Party organization's participation in corporate governance structure has a more significant effect on ESG performance in en-terprises where the Party secretary is also the chairman of the company.
Party organization governanceESG performanceexecutives'environmental awarenessinternal controlsinformation transparency