企业ESG表现改善了政企关系吗?——基于民营企业的经验证据  

Does Corporate ESG Performance Improve Government-Enterprise Relations?——Empirical Evidence Based on Private Enterprises

作　　者：齐鲁光[1] 吴玉茹 Qi Luguang;Wu Yuru(School of Management,Shandong University of Technology,Zibo 255000,Shandong,China)

机构地区：[1]山东理工大学管理学院,山东淄博255000

出　　处：《金融发展研究》2024年第8期24-33,共10页Journal Of Financial Development Research

基　　金：国家社会科学基金项目“我国科技金融资源配置效率的时空演化机制与提升路径研究”(20BJL128)。

摘　　要：ESG是被政府高度重视的实现“双碳”目标、推进高质量发展的工具,企业ESG表现是否会改善政企关系,从而获得政府资源以及政策支持?基于资源依赖理论,以2012—2022年沪深两市A股民营上市公司为样本,对ESG表现是否会影响政企关系进行了探讨。研究发现:企业良好的ESG表现改善了政企关系,即企业ESG表现越好,所获得的政府补贴与税收优惠越多;机制检验发现,企业ESG表现通过提高企业声誉,为与政府互动合作、构建良好关系奠定了基础;ESG表现的政企关系改善效应在高污染行业企业以及经济发展水平较低地区的企业中更为显著。研究结论对政府利用财税政策推进高质量发展和企业推进ESG建设具有重要启示意义。ESG is a highly valued tool for governments to achieve the"dual-carbon"goal and promote high-quality development.Will corporate ESG performance improve the relationship between government and enterprises,so as to obtain government resources and policy support?Based on the resource dependence theory,whether ESG performance affects the government-enterprise relationship is explored with a sample of A-share private listed companies in Shanghai and Shenzhen from 2012 to 2022.The study found that good corporate ESG performance improves government-enterprise relations,i.e.,the better a company's ESG performance,the more government subsidies and tax incentives it receives;the mechanism test found that corporate ESG performance lays the foundation for interactive cooperation and good relations with the government by improving corporate reputation;the improvement effect of ESG performance on government-enterprise relationship is more significant among enterprises in high-pollution industries as well as enterprises in regions with lower levels of economic development.The findings of the study have important implications for the government's use of fiscal and tax policies to promote high-quality development and for enterprises to promote ESG construction.

关 键 词：ESG表现 政企关系 资源依赖 财税政策 

分 类 号：F830[经济管理—金融学]