企业董事会结构性权力与ESG表现  

Corporate Board Structural Power and ESG Performance

作　　者：张莉艳[1] 张春钢 ZHANG Li-yan;ZHANG Chun-gang(Faculty of Business Administration,Shanxi University of Finance&Economics,Taiyuan 030006)

机构地区：[1]山西财经大学工商管理学院,太原030006

出　　处：《软科学》2024年第4期102-110,共9页Soft Science

基　　金：教育部人文社会科学研究项目(18YJA630142)。

摘　　要：基于利益相关者代理理论,以2015-2020年我国A股制造业上市公司为样本,从权力的非均衡角度探究了企业董事会结构性权力与ESG表现间的互动关系。研究发现:董事会结构性权力处于非均衡态势能显著提升企业ESG表现;松弛资源正向影响企业董事会结构性权力非均衡与ESG表现间的正相关关系;发展越成熟的企业,董事会结构性权力非均衡越能提升企业ESG表现。进一步研究发现,企业ESG表现能促进财务绩效的提升,且国有企业董事会结构性权力非均衡对ESG表现的影响程度更大。Using data from A-share manufacturing listed companies in China,the paper analyzes the interaction between the equilibrium of board structural power and ESG performance based on the stakeholder agency theory.The research results show that board structural power in an unbalanced posture improves ESG performance significantly;slack resources positively affect the relationship between structural power imbalance of the board and ESG performance;the more mature the firm is,the more ESG performance is enhanced by the structural power imbalance of the board.In further research,it is found that corporate ESG performance can promote financial performance,and the imbalanced structure power of the board in state-owned enterprises has a greater impact on ESG performance.

关 键 词：ESG 董事会结构性权力 松弛资源 企业生命周期 

分 类 号：F271[经济管理—企业管理] F425[经济管理—国民经济] F832.51