地缘政治风险和企业级环境,社会和治理 (ESG) 绩效
Mohammad Abdullah1, Aviral Kumar Tiwari2, Mohammad Razib Hossain3
1Southampton Malaysia Business School, University of Southampton Malaysia, 79100 Iskandar Puteri, Johor, Malaysia.
Journal of environmental management
|June 6, 2024
概括
地缘政治风险对全球企业的环境,社会和治理 (ESG) 绩效产生负面影响. 然而,稳定和平的国家可能会看到企业在较低的地缘政治风险下改善可持续性实践.
科学领域:
- 经济学 经济学 经济学
- 金融 金融 金融 金融 金融
- 可持续性研究 可持续性研究
背景情况:
- 地缘政治风险是影响全球业务运营的重要宏观因素.
- 了解其对企业可持续性的影响对于利益相关者来说至关重要.
- 环境,社会和治理 (ESG) 绩效是企业责任的一个关键指标.
研究的目的:
- 调查地缘政治风险与企业层面的ESG绩效之间的关系.
- 分析国家一级稳定对这种关系的缓解作用.
- 探索地缘政治风险影响ESG的调解道.
主要方法:
- 利用41个国家的基于新闻的地缘政治风险指标.
- 分析了从2002年到2021年的65,354个公司年度观察数据集.
- 采用计量经济学技术,包括2SLS,PSM和平衡,以解决内质性问题.
主要成果:
- 在地缘政治风险和ESG表现之间发现了负相关性.
- 地缘政治风险在低风险,高和平的国家积极影响ESG.
- 现金持有,企业投资和资本成本被确定为重要的道.
结论:
- 地缘政治风险是影响企业ESG绩效的重大冲击.
- 稳定的环境可能会鼓励企业提高可持续性.
- 调查结果强调了全球稳定和企业责任的相互联系.
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