On the Role of Managerial Ability in Enhancing Corporate ESG Performance
With the introduction of dual carbon goals in China,how Chinese enterprises embrace the concept of sustainable development and contribute to high-quality economic development has become a topic of common concern across various sectors of society.As a resource of the enterprise,the managerial ability has a significant impact on business management decision-making.This study examines the impact of managerial ability on corporate ESG performance using data from Chinese A-share listed companies from 2009 to 2021.The research findings indicate that managerial ability has a significant positive effect on corporate ESG performance.The results of the mechanism analysis suggest that managerial ability improves corporate ESG performance through two pathways:alleviating external financing constraints and enhancing internal control quality.Heterogeneity analysis reveals that the positive effect of managerial ability on corporate ESG performance is more significant in non-state-owned enterprises,companies with strong equity incentives,highly competitive markets,and those influenced by Confucian culture.
managerial abilitycorporate ESG performancefinancing constraintsinternal control
NETL
NSTL
万方数据
