企业ESG表现的就业效应分析——来自A股上市公司的证据  

An Analysis of the Employment Effect of Enterprise ESG Performance——Evidence from A-share Listed Companies

作　　者：郑兰祥[1] 高彩芹 郑飞鸿 ZHENG Lan-xiang;GAO Cai-qin;ZHENG Fei-hong(School of Economics,Anhui University,Hefei 230601,China;School of Economics and Management,Hefei University,Hefei 230000,China)

机构地区：[1]安徽大学经济学院,安徽合肥230601 [2]合肥大学经济与管理学院,安徽合肥230601

出　　处：《青海师范大学学报（社会科学版）》2024年第1期65-73,共9页Journal of Qinghai Normal University（Social Sciences）

基　　金：安徽省高校哲学社会科学研究项目“降碳扩绿视角下安徽资源型城市环境分权的产业绿色转型效应研究”(2023AH052156);教育部人文社会科学研究青年基金项目“中国特色环境分权对我国资源型城市生态效率的影响研究”(22YJC790179)。

摘　　要：从企业微观视角出发,分析了企业ESG表现对就业水平的影响机制,提出了企业ESG表现可通过财务支持效应、技术创新效应及生产率效应对就业水平产生重要影响。在此基础上,基于2011—2021年中国A股上市公司的面板数据,采用固定效应模型对该影响机制进行了实证检验。研究发现,企业ESG表现的改善可以显著提升就业水平。调节效应表明,投资者关注度在ESG表现对就业水平的影响过程中发挥着正向调节作用,市场竞争程度进一步增强了ESG表现对就业水平的积极效应。进一步研究表明,成熟期企业、国有企业以及非重污染企业ESG表现的改善对就业水平的影响更为明显。From the micro perspective of enterprises,this paper analyzes the impact mechanism of enterprise ESG performance on employment level,and proposes that enterprise ESG performance can have an important impact on employment level through financial support effects,technological innovation effects,and productivity effects.On this foundation,based on panel data of Chinese A-share listed companies from 2011 to 2021,a fixed effects model was used to empirically test the impact mechanism.Research has found that improvements in corporate ESG performance can significantly enhance employment levels.The moderating effect indicates that investor attention plays a positive moderating role in the impact of ESG performance on employment levels,and market competition further enhances the positive effect of ESG performance on employment levels.Further research indicates that the improvement in ESG performance of mature enterprises,state-owned enterprises,and non heavy pollution enterprises has a more significant impact on employment levels.

关 键 词：企业ESG表现 就业水平 财务支持效应 技术创新效应 生产率效应 

分 类 号：F425[经济管理—产业经济]