Enterprise ESG Performance and Labor Investment Efficiency
This paper takes A-share listed companies from 2010 to 2021 as a sample to explore the impact of ESG performance on labor investment efficiency of enterprises.The study found that enterprise ESG performance can significantly improve the la-bor investment efficiency.The mechanism test shows that ESG performance can improve labor investment efficiency by alleviat-ing financing constraints and reducing agency costs.Further research shows that ESG performance has a more significant effect on improving labor investment efficiency for enterprises with high information asymmetry,located in areas with high marketiza-tion,and labor-intensive industries.In addition,ESG performance has a inhibitory effect on both labor underinvestment and labor overinvestment.
万方数据
维普
