林业企业ESG表现对全要素生产率的影响研究  

Study on the Effect of ESG Performance on Total Factor Productivity of Forestry Enterprises

作　　者：陈玲芳[1] CHEN Lingfang(School of Economics,Fujian Normal University,Fuzhou 350108,China)

机构地区：[1]福建师范大学经济学院,福州350117

出　　处：《林业经济问题》2022年第5期532-539,共8页Issues of Forestry Economics

基　　金：国家社会科学基金项目(20BGL128)。

摘　　要：基于2011—2020年沪深两市林业上市公司的数据,利用多元回归模型,探讨林业企业ESG(环境、社会与治理)表现对全要素生产率的作用机制。研究结果显示:良好的ESG表现能够促进林业企业提高创新能力和资源利用率,有利于完善内控机制、降低经营风险,从而显著提高林业企业的全要素生产率。因此,建议进一步完善ESG相关制度,引导林业企业积极履行ESG责任,培育林业企业管理层的ESG理念,充分利用ESG表现的创新激励效应与内部控制治理效应,提高林业企业的全要素生产率。⑴Background——There are few literatures on total factor productivity of forestry enterprises and its influencing factors from micro level.The performance of ESG includes the performance of enterprises in three dimensions:environment,social responsibility and corporate governance.It is an important indicator for the international community to measure whether an economic entity can achieve sustainable development.The discussion on the influencing mechanism of ESG performance on total factor productivity of forestry enterprises is of great significance for promoting high-quality economic development.⑵Methods——Based on the data of A-share listed forestry enterprises from 2011 to 2020,specific enterprises include forest cultivation industry,wood processing industry,furniture manufacturing industry,paper and paper products industry and other enterprises.Multiple linear regression model was used to analyze the impact of ESG performance on total factor productivity of forestry enterprises.And then,step-test procedure and bootstrap method were used to test the mediating role of innovation capability and internal control between ESG performance and total factor productivity in forestry enterprises.All the research data of forestry enterprises comes from the Wind,CSMAR,Straightflush and DIB database.⑶Results——The mean value of ESG performance and total factor productivity of forestry enterprises are 6.302 and 8.894 respectively.The total factor productivity of forestry enterprises with good,average and poor ESG performance are 9.075,8.808 and 8.320 respectively.The results of One-way ANOVA show significant differences between groups at the 1%level.It shows that forestry enterprises with good ESG performance have higher total factor productivity.The regression coefficient of ESG performance on total factor productivity of forestry enterprises is 0.1470(P=0.01),indicating that ESG performance has a significant positive impact on total factor productivity of forestry enterprises.ESG performance includes three

关 键 词：林业企业 ESG表现 全要素生产率 创新能力 内部控制 

分 类 号：F326.20[经济管理—产业经济]