企业的ESG绩效,投资者关注和公司声誉:基于中国上市公司的小组数据的值模型分析
Tiantian Meng1,2, Mohamed Hisham Dato Haji Yahya2, Zariyawati Mohd Ashhari2
1Shanghai University of Finance and Economics Zhejiang College, China.
Heliyon
|October 25, 2023
概括
提高环境,社会和治理 (ESG) 绩效对中国上市公司的声誉产生了积极的影响. 投资者的注意力调解了这种关系,显著的门效应影响了公司的声誉.
科学领域:
- 企业社会责任 企业社会责任
- 金融市场 金融市场
- 声誉管理 声誉管理
背景情况:
- 全球越来越重视ESG改革和企业间竞争.
- 越来越需要了解新兴市场企业声誉的驱动因素.
研究的目的:
- 调查ESG业绩对中国公司声誉的影响.
- 检查投资者注意力的调解作用及其值效应.
主要方法:
- 面板双向固定效应回归模型.
- 调解效果测试. 调解效果测试.
- 使用中国上市公司数据 (2011-2021) 的值效应模型.
主要成果:
- 在ESG表现和公司声誉之间存在显著的积极关系.
- 投资者的注意力介于ESG与声誉的联系,具有双重门效应.
- 在非国有企业中,调解效应更强.
结论:
- 在中国,ESG绩效对于提高企业声誉至关重要.
- 投资者的注意力发挥着重要的调解作用,受到值的影响.
- 对公司,投资者和决策者在ESG和声誉管理方面的战略影响.
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