| 郭恒泰,王婧.企业ESG表现与全要素生产率的关系——基于上市公司的实证检验[J].唐山学院学报,2023,36(6):71-78 |
| 企业ESG表现与全要素生产率的关系——基于上市公司的实证检验 |
| The Relationship Between Corporate ESG Performance and Total Factor Productivity: An Empirical Test Based on Listed Companies |
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| DOI：10.16160/j.cnki.tsxyxb.2023.06.013 |
| 中文关键词: 上市公司 ESG 全要素生产率 创新投入 资源配置效率 |
| 英文关键词: listed companies ESG total factor productivity innovation input resource allocation efficiency |
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| 摘要点击次数: 2030 |
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| 中文摘要: |
| 文章以2011-2020年沪深A股上市公司为研究样本，实证检验了企业ESG表现对全要素生产率的影响，结果显示：（1）企业ESG表现越好，全要素生产率越高；（2）机制检验结果表明，企业ESG表现通过增加技术创新投入以及提高资源配置效率的方式促进全要素生产率的提高；（3）异质性检验表明，对于处于市场化程度低的地区的国有企业而言，ESG表现对全要素生产率的促进作用更加明显。因此，政府应对企业ESG实践给予相应的要求和支持，企业应将ESG表现植入发展目标和战略中，以实现全要素生产率提升的目的。 |
| 英文摘要: |
| With A-share listed companies on the Shanghai and Shenzhen stock exchanges from 2011 to 2020 as a research sample,this paper has empirically tested the impact of ESG performance on total factor productivity. The results show that:(1)The better the ESG performance of the enterprises is,the higher the level of total factor productivity of enterprises becomes;(2)Mechanism test results indicates that the ESG performance of the enterprises can promote the improvement of total factor productivity levels by stimulating technology innovation investment and optimizing resource allocation efficiency;(3)Heterogeneity test shows that for state-owned enterprises in the areas with low marketization levels,the role of ESG performance in promoting total factor productivity is more obvious. Therefore, the government should provide corresponding requirements and supports for enterprise' ESG practices, and the enterprises should incorporate ESG performance into their development goals and strategies so as to improve their total factor productivity. |
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