企业的ESG表现是否促进出口性? 来自风险抵抗力和弹性能力的新见解
Defang Ma1, Yuze Xie1, Haoxiang Huang2
1School of Management, Capital Normal University, Beijing, 100089, China.
Journal of environmental management
|November 8, 2024
概括
良好的环境,社会和治理 (ESG) 绩效提高了企业的出口性,帮助企业应对全球经济不确定性. 通过改善声誉和缓解财务约束来实现这一目标,数字化转型放大了积极的影响.
科学领域:
- 商业和经济学 商业和经济学
- 企业社会责任 企业社会责任
- 国际贸易 国际贸易 国际贸易
背景情况:
- 全球经济的不确定性给企业带来了重大的外部风险.
- 对于企业来说,出口性至关重要,以抵御这些外部风险.
- 环境,社会和治理 (ESG) 因素越来越多地被认为对企业业绩的影响.
研究的目的:
- 调查ESG业绩对中国上市公司出口性的影响.
- 探索ESG绩效影响出口性的潜在机制.
- 检查数字化转型和异质效应的调节作用.
主要方法:
- 使用2008年至2021年中国上市A股样本的实证分析.
- 强度测试以验证发现.
- 分析机制以确定传输道 (公司声誉,融资约束).
- 调节和异质性分析 (数字化转型,公司类型).
主要成果:
- 企业ESG绩效与企业出口弹性 (出口阻力和复苏) 之间的积极关联.
- 通过加强企业声誉和减轻融资约束,ESG绩效提高了出口弹性.
- 数字化转型正面地调节了这种关系,放大了ESG的影响.
- 对于非国有企业,成长型企业和成熟企业来说,这种影响更为显著.
结论:
- 强的ESG绩效是面对全球经济不确定性的出口弹性的一个关键驱动力.
- 公司可以利用ESG实践来建立弹性,并得到数字化转型的支持.
- 调查结果为企业在国际贸易中的ESG战略和风险管理提供了实用的见解.
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