管理者能力对企业ESG表现提升作用研究
On the Role of Managerial Ability in Enhancing Corporate ESG Performance
张娆 1徐容1
作者信息
- 1. 南京农业大学,江苏 南京 210095
- 折叠
摘要
随着"双碳"战略目标的提出,企业如何贯彻可持续发展理念,助力经济高质量发展成为了社会各界共同关注的主题.而管理者能力作为企业的一项资源,对企业决策有着重要的影响.本文以 2009-2021 年我国A股上市公司为研究对象,考察管理者能力对企业ESG表现的影响.研究发现,管理者能力对企业ESG表现具有显著提升作用.影响机制检验结果表明,管理者能力通过缓解企业外部融资约束增强企业内部控制质量两条路径提升企业ESG表现.异质性分析发现,在非国有企业、股权激励程度强、市场竞争激烈和受儒家文化影响较深的企业中管理者能力对企业ESG表现的提升效应更加显著.
Abstract
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.
关键词
管理者能力/企业ESG表现/融资约束/内部控制Key words
managerial ability/corporate ESG performance/financing constraints/internal control引用本文复制引用
基金项目
江苏高校"青蓝工程"(2022-2025)()
江苏省高校社科联发展专项(22GSB-008)
南京农业大学金融学院学科建设专项()
深入贯彻学习党的二十大项目(ZDXM202204)
出版年
2024
NETL
NSTL
万方数据