ESG评级对企业高质量发展的影响机制研究——基于多期双重差分法的验证  

Investigating the Mechanistic Impact of ESG Ratings on the High-Quality Development of Enterprises——A Multi-Period Difference-in-Differences Approach

作　　者：陈彦君 郭根龙[1] 

机构地区：[1]山西师范大学,山西太原030000

出　　处：《浙江金融》2024年第8期50-63,共14页Zhejiang Finance

摘　　要：企业高质量发展是推动经济持续增长的根本。本文采用商道融绿发布的ESG评级作为外生性冲击变量,使用多期双重差分模型,系统剖析ESG评级如何促进企业高质量发展。研究表明,ESG评级对企业高质量发展展现出显著的促进效应。机制检验可知,ESG评级事件可以通过缓解融资约束和数字化转型两种渠道促进制造业企业发展质量。The high-quality development of enterprises is the foundation for driving sustained economic growth.This paper uses the ESG ratings published by the Sustainable Development and Investment(SDI)as an exogenous shock,and employs a multi-period difference-in-differences model to systematically analyze how ESG ratings can promote the high-quality development of enterprises.The study indicates that ESG ratings have a significant promotional effect on the high-quality development of enterprises.

关 键 词：ESG评级 高质量发展 全要素生产率 多时点双重差分 

分 类 号：F832.0[经济管理—金融学] F420