Research on the Industrial Chain Driving Effect of Enterprise ESG Performance
In the context of China's promotion of high-quality economic growth and the goal of"double carbon",ESG as an important standard for the international community to measure the green and sustainable development of enterprises,can ESG advantageous enterprises release the advantages of ESG performance and drive the healthy,orderly and high-quality development of partners in the industrial chain?Further,what is the driving mechanism?Under different mechanisms,are there differences in the driving effects of upstream suppliers and downstream enterprises on environment,social responsibility and corporate governance?Based on the sample data of listed companies in China from 2009 to 2022,this paper empirically explores the enterprise ESG performance driving effect between upstream and downstream enterprises.The research findings of this paper include the following aspects.Firstly,there is a driving effect in the ESG performance transformation of upstream and downstream enterprises in the industrial chain.That is to say,the ESG performance transformation of upstream and downstream enterprises in the industrial chain has a significant positive impact on the ESG performance transformation of focus enterprises.Secondly,the higher the links of green innovation is,the stronger the dependence of focus enterprises on the industrial chain is,the smaller the degree of enterprises strategic difference is,the stronger the driving effect of the ESG Performance transformation among upstream and downstream enterprises in the industrial chain will be.Thirdly,according to the nature of the transaction,the sample is divided into upstream supplier enterprises and downstream customer enterprises.This paper empirically explores the enterprise environmental,social,and governance performance separately.When upstream suppliers have greater active green innovation than passive green innovation,the stronger industrial chain driving effect will be.In terms of enterprise social responsibility,the negative driving effect is much higher than the positive driving effect caused from upstream and downstream enterprises.Downstream customers choose a flexible corporate strategy style can release a stronger industrial chain driving force to focus enterprises.Our research relates and contributes to the extant research in several ways.First,we extend the ESG performance of enterprises.Previous research mainly focused on the impact of ESG performance of enterprises on their internal factors,and few research took ESG performance as the explained variable to analyze the driving effect of ESG performance in the industrial chain.This has implications for theoretically thinking about how to improve ESG performance of enterprises and achieve high-quality development of the whole industrial chain.Second,in terms of driving mechanism,three unique channels are investigated,and provides experience enlightenment for realizing the collaborative development of enterprises in the industrial chain.Third,this paper studies environmental,social,and governance performance separately.This paper provides experience and inspiration for enterprises to improve the single performance of environmental,social responsibility and corporate governance,and reduce the potential risks of environmental,social responsibility and corporate governance in the industrial chain.
NETL
NSTL
万方数据
