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关于ESG绿色化和组织性:从非系统性风险的角度探索可持续发展的途径
Zhaoxia Wu1, Siyu Long1, Yumeng Wang1
1School of Business, Xiangtan University, Xiangtan, 411100, China.
Journal of environmental management
|July 1, 2025
概括
中国的ESG绿色洗损害了企业的性和经济发展. 创新和透明度可以减轻这些风险,但法规可能无意中鼓励欺骗性做法.
科学领域:
- 经济学 经济学 经济学
- 环境科学 环境科学
- 公司治理 公司治理
背景情况:
- 企业的组织性对于经济性至关重要,真正的环境,社会和治理 (ESG) 实践是核心组成部分.
- 在ESG实施中的故意扭曲,特别是绿色洗,对适应能力,市场信号和资源分配构成重大风险,阻碍了可持续的经济发展.
研究的目的:
- 检查ESG绿色化如何影响中国A股上市公司在2012-2022年间的组织弹性.
- 调查这个过程中不系统的风险传递和治理失败在这个过程中的作用.
- 确定减轻ESG绿色洗负面影响的因素.
主要方法:
- 对中国A股上市公司2012-2022年数据的分析.
- 通过不系统的风险传输和治理失败的镜头进行检查.
- 调查组织异质性,包括公司类型,技术导向和增长阶段.
主要成果:
- 通过降低竞争力,增加融资约束和杀创新,ESG绿色洗被发现会破坏组织的弹性.
- 绿色管理创新和分析师的关注被证明可以通过加强内部风险控制和透明度来减少绿色洗的不利影响.
- 非国有企业 (非国有企业),技术驱动型企业和具有强有力的内部控制的成长阶段公司对监管压力的抵御力更强.
- 矛盾的是,严格的环境法规可能会激励ESG绿色洗,从而侵蚀动态能力.
结论:
- 在中国,ESG绿色化对组织性和高质量的经济发展构成重大威胁.
- 缓解策略包括促进绿色管理创新,提高分析师的注意力,以提高透明度和内部风险管理.
- 了解组织异质性是制定有针对性的弹性战略的关键.
- 政策影响表明需要风险管理框架,以防止规避合规,维护环境完整性.
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