企业的ESG表现和金融危机风险:高管的海外经验是否起作用?
Abdulsalam Saad Alquhaif1, Redhwan Ahmed Al-Dhamari2, Mohieddin Salem Grada3
1Accounting Department, College of Administrative Science, Ibb University, Yemen; Department of Accounting, College of Business Administration, University of Ha'il, Hail, Saudi Arabia.
Journal of environmental management
|August 30, 2025
概括
较高的环境,社会和治理 (ESG) 评级降低了金融危机风险 (FDR). 这种效应被外国经验的高管所加剧,尤其是在经济稳定时期.
科学领域:
- 公司财务
- 可持续性研究
- 风险管理
背景情况:
- 现有研究主要将ESG披露与金融危机风险 (FDR) 联系起来.
- 国际经验对企业金融稳定性的影响仍未得到充分研究.
- 对于ESG业绩与执行人员在国际上的曝光在缓解FDR方面的互动,人们的理解有限.
研究的目的:
- 通过实证研究ESG绩效与金融危机风险之间的关系.
- 检查高管在ESG-FDR关系中的外国经验的调节作用.
- 评估经济稳定对减少FDR的ESG有效性的影响.
主要方法:
- 对沙特上市公司2010年至2022年的数据进行实证分析.
- 使用各种金融困境风险 (FDR) 和高管的外国经验.
- 采用强大的计量经济学技术来解决潜在的内源性问题,并确保模型规范的有效性.
主要成果:
- 较高的ESG评级与较低的金融危机风险 (FDR) 有关.
- 在具有国际经验的高管的公司中,ESG绩效的降低风险效益更为明显.
- 在减少FDR方面,ESG的有效性取决于经济稳定性,在稳定时期更为明显.
结论:
- 强大的ESG表现是降低金融危机风险的关键因素.
- 管理层的国际经验增强了ESG对金融稳定的积极影响.
- 对于企业的财务性来说,ESG,高管的国际曝光和经济条件之间的相互作用至关重要.
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