管理者短视对企业ESG表现的影响研究  

Does management myopia inhibit corporate ESG performance

作　　者：翟晓月 赵公民[1] 武勇杰[1] Zhai Xiaoyue;Zhao Gongmin;Wu Yongjie(School of Economics and Management,North University of China,Taiyuan 030051,China)

机构地区：[1]中北大学经济与管理学院,山西太原030051

出　　处：《煤炭经济研究》2024年第1期227-234,共8页Coal Economic Research

基　　金：山西省科技战略研究专项资助(202204031401002)。

摘　　要：运用高阶梯队理论、信息不对称理论,以2009—2021年中国A股上市公司的数据为样本,实证检验了管理者短视对企业ESG表现的影响。研究表明:管理者短视会对企业ESG表现产生负向影响,这一影响在时间和空间维度上同样成立,在市场竞争程度较低和企业规模较小时更为显著。中介机制检验发现,管理者短视通过削弱企业创新、增强企业融资约束2个渠道对企业提升ESG表现产生内在阻碍和外在制约。研究结果丰富了企业ESG表现影响机制的有关研究,有利于搭建并完善管理者个人特质对企业ESG表现的作用路径。Using the theory of high ladder team and information asymmetry,this paper empirically examines the impact of managers’myopia on ESG performance by taking the data of Chinese A-share listed companies from 2009 to 2021 as samples.Research shows that managers’short-sightedness has a negative impact on ESG performance of enterprises,which is also valid in time and space dimensions,and is more significant when the market competition is low and the enterprise size is small.Through the intermediary mechanism test,it is found that managers’shortsightedness creates internal obstacles and external constraints on enterprises’ESG performance through the two channels of weakening enterprise innovation and strengthening enterprise financing constraints.The vesearch results enrich the relevant research on the mechanism of ESG performance of enterprises,and helps to build and improve the effect path of managers’personal characteristics on ESG performance of enterprises.

关 键 词：管理者短视 企业ESG表现 时间短视 空间短视 企业创新 融资约束 

分 类 号：X322[环境科学与工程—环境工程] F272.91[经济管理—企业管理] F832.51[经济管理—国民经济]