Research on the Impact of ESG Performance on Corporate Operating Risk from the Perspective of Supply Chain Concentration
This study,based on data from Chinese A-share listed companies from 2012 to 2022,explores the impact of corporate ESG performance on operational risk and the mediating effect of supply chain concentration.The findings reveal a significant relationship between ESG performance and operational risk,a conclusion further supported by robustness tests.One key factor influencing ESG performance is supply chain concentration;the critical pathway through which ESG performance effectively reduces operational risk is by decreasing supplier and customer concentration.To integrate ESG into their core strategies,companies should be supported by the government through the introduction of relevant ESG standards and reward mechanisms to safeguard their sustainable development.This article holds certain reference significance for corporate behavior,policy optimization,and promoting the healthy development of the economic system.
万方数据
维普
