绿色治理如何促进高质量的发展:基于EKC框架的ESG和绿色总因子生产率的分析
Zhe You1, Dandan Chen1, Chuandi Fang1
1School of Law and Business, Wuhan Institute of Technology, Wuhan, Hubei, China.
Science progress
|October 16, 2024
概括
中国的环境,社会和治理 (ESG) 实践对绿色总因子生产率 (GTFP) 产生了U形影响,最初抑制,然后大大提高. 这强调了ESG.
科学领域:
- 经济学 经济学 经济学
- 环境科学 环境科学
- 企业管理 企业管理
背景情况:
- 中国的经济转变强调在规模上实现高质量的发展,将环境,社会和治理 (ESG) 实践作为一个关键指标.
- 目前关于ESG实践对中国高质量企业发展的具体影响的研究是有限的.
- 环境库兹涅茨曲线 (EKC) 理论为理解经济发展与环境质量之间的关系提供了一个框架.
研究的目的:
- 研究环境,社会和治理 (ESG) 实践对中国企业高质量发展的多方面的影响.
- 检查ESG-GTFP关系中的融资约束和绿色技术创新的调解作用.
- 分析ESG在中国不同地区和行业的影响的异质性.
主要方法:
- 利用华盛顿ESG指数 (2009-2022) 对中国上市公司的数据.
- 采用固定效应模型,调解效应模型和异质性分析.
- 应用了环境库兹涅茨曲线 (EKC) 理论框架.
主要成果:
- 在ESG实践和绿色总因子生产率 (GTFP) 之间观察到U形关系,这表明最初的抑制随后产生了显著的积极影响.
- 通过减轻融资限制和促进绿色技术创新,ESG实践主要增强GTFP,对整体技术进步的影响较小.
- 对GTFP的ESG积极影响在中国西部和制造业,公用事业,批发/零售和IT服务等特定行业尤为明显.
结论:
- 改善ESG实践对于实现高质量的发展和提高中国企业的绿色总因子生产率至关重要.
- 需要有针对性的政策干预,包括绿色融资和研发支持,以优化ESG的积极影响.
- 加强环境教育和跨行业合作可以进一步放大ESG实践的好处.
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