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研究能源转型政策对企业ESG绩效的影响
Zhengge Tu1, Yu Cao1, Gang Ma1
1School of Economics and Business Administration, Central China Normal University, Wuhan, 430079, China.
Journal of environmental management
|July 24, 2025
概括
能源转型政策,如新能源示范城市 (NEDC) 政策,可能会对企业的环境,社会和治理 (ESG) 绩效产生负面影响. 这阻碍了绿色创新,增加了企业的财务风险.
科学领域:
- 环境经济学环境经济学
- 企业的可持续性 企业的可持续发展
- 政策分析 政策分析
背景情况:
- 能源转型政策对于绿色经济增长和减少污染至关重要.
- 这些政策对企业环境,社会和治理 (ESG) 绩效的影响尚不清楚.
- 现有的研究往往忽视了环境法规对企业潜在的负面影响.
研究的目的:
- 调查能源转型政策对企业ESG绩效的影响.
- 确定这些政策影响企业可持续性的机制.
- 分析不同行业类型的政策影响的变化.
主要方法:
- 利用基于中国新能源示范城市 (NEDC) 政策的准自然实验设计.
- 使用差异差异 (DID) 模型进行因果推断.
- 分析了2009年至2019年间中国A股上市公司的数据.
主要成果:
- 发现NEDC政策严重阻碍了企业的ESG绩效.
- 主要驱动因素包括增加的财务约束,减少的绿色创新和更高的破产风险.
- 在高度竞争和高污染的行业中,不良影响更为严重.
结论:
- 能源转型政策可能对企业的可持续性构成重大挑战.
- 政策制定者必须考虑减缓战略,以平衡环境目标和业务可行性.
- 需要进一步的研究来优化政策设计,以实现可持续的商业发展.
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