Impact of Dual Performance Feedback Inconsistency on the Quality of Corporate ESG Information Disclosure
As the concept of ESG becomes more popular,stakeholders pay more attention to the corporate ESG performance.In order to meet the ESG demands of stakeholders,managers may choose to reduce the quality of ESG information disclosure,resulting in the decoupling of external ESG disclosure and internal ESG practice.Based on the theory of corporate behavior,it used the data of A-share listed corporates from 2017 to 2021 as samples to explore the influencing factors of corporate ESG decoupling.It finds that"positive history-negative industry"performance feedback promotes corporate ESG decoupling,while"negative history-positive industry"performance feedback inhibits corporate ESG decoupling.As an important stakeholder,the degree of"distraction"of institutional investors to enterprises strengthens the positive impact of"positive history-negative industry"performance feedback on ESG decoupling,and weakens the negative impact of"negative history-positive industry"performance feedback on ESG decoupling.It reveals the motivation of corporate ESG decoupling from the perspective of inconsistency of dual performance feedback,supplements and expands ESG related research,and provides enlightenment for stakeholders to identify and constrain enterprise ESG decoupling behavior.
NETL
NSTL
万方数据
维普
