ESG表现与企业财务绩效关系实证研究

被引：33

作者：

任紫娴 ^{[1
]}

顾书畅 ^{[1
]}

杨雨竹 ^{[1
]}

李婧雯 ^{[2
]}

机构：

[1] 北京林业大学经济管理学院

[2] 北京林业大学理学院

来源：

经营与管理 | 2021年 / 11期

关键词：

ESG表现; 经济增加值; 财务绩效; 面板模型; 实证分析;

D O I：

10.16517/j.cnki.cn12-1034/f.2021.11.005

中图分类号：

X22 [环境与发展]; F832.51 []; F275 [企业财务管理];

学科分类号：

083001 ; 1201 ; 020204 ; 1202 ; 120202 ;

摘要：

以统筹经济发展与环境保护的关系为出发点,实证研究企业ESG表现与企业绩效的关系。首先回顾国内外已有的ESG研究文献,并提出研究假设;然后,以EVA(经济增加值)为被解释变量,以环境、社会责任、公司治理为解释变量,运用面板模型对我国A股重污染行业上市公司2015—2019年的年报数据开展研究,实证分析ESG表现与EVA之间的关系。研究结果表明,企业ESG表现均与企业EVA有较为显著的正相关关系。根据研究结果,结合重污染行业企业的现状,提出建议:加强对重污染行业企业的ESG信息披露要求;制定相应的ESG政策,对相关企业进行鼓励和引导;不断深化企业ESG管理理念。

引用

页码：26 / 32

页数：7

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