"Fearing both scarcity and inequality":Does ESG performance of firms promote common prosperity within firms?
At present,China is in a new stage of making solid advances towards common prosperity.To achieve this goal,it is necessary to let firms,which work as the market entities,play a leading role to explore the way to achieve common prosperity within firms.This paper empirically analyzes the relationship between corporate ESG performance and common prosperity within firms through the relevant data of Chinese A-share listed companies from 2011 to 2021.The results of this paper show that the ESG performance of enterprises can promote the increase of firm performance,and can also increase the income of employees,narrow the income gap between the management and employees within firms,thus promoting common prosperity within enterprises.The conclusions of this paper provide an insight for enterprises to further promote ESG activities and play a leading role in common prosperity.
ESGcommon prosperity within firmsfirm performanceincome gap
NETL
NSTL
万方数据
