企业ESG表现的产业链溢出效应研究  

Research on the Industrial Chain Driving Effect of Enterprise ESG Performance

作　　者：俞中 佟孟华[1] ZHONG YU;MENGHUA TONG(Dongbei University of Finance and Economics)

机构地区：[1]东北财经大学经济学院

出　　处：《产业经济评论》2024年第6期89-106,共18页Review of Industrial Economics

摘　　要：企业如何释放ESG优势,促进合作伙伴协调发展?既有研究没有答案。本文利用2009-2022年沪深A股1 576家上市公司数据,从产业链企业关联视角,实证检验了上下游企业ESG表现对焦点企业ESG表现的溢出效应及作用机制。研究发现:在产业链企业组合中企业ESG表现存在上下游溢出效应,且绿色创新关联度越大、产业链依赖度越强、企业战略差异度越小的产业链企业组合,其产业链溢出效应越显著。进一步通过区分上游和下游企业在环境、社会责任和公司治理表现的产业链溢出方向发现:上游供应商主动绿色创新的产业链溢出效应大于被动绿色创新;企业在社会责任方面表现“退步”产生的负向溢出效应远大于“进步”产生的正向溢出效应;下游客户选择灵活型企业战略风格能够释放出更强的产业链驱动力。本文的研究为探索企业可持续发展提供了新视角,为推动全产业链高质量发展提供了经验证据。In the context of China's promotion of high-quality economic growth and the goal of"double carbon",ESG as an important standard for the international community to measure the green and sustainable development of enterprises,can ESG advantageous enterprises release the advantages of ESG performance and drive the healthy,orderly and high-quality development of partners in the industrial chain?Further,what is the driving mechanism?Under different mechanisms,are there differences in the driving effects of upstream suppliers and downstream enterprises on environment,social responsibility and corporate governance?Based on the sample data of listed companies in China from 2009 to 2022,this paper empirically explores the enterpriseESG performance driving effect between upstream and downstream enterprises. The research findings of this paper includethe following aspects. Firstly,there is a driving effect in the ESG performance transformation of upstream and downstreamenterprises in the industrial chain. That is to say,the ESG performance transformation of upstream and downstreamenterprises in the industrial chain has a significant positive impact on the ESG performance transformation of focus enterprises.Secondly,the higher the links of green innovation is, the stronger the dependence of focus enterprises on the industrial chainis,the smaller the degree of enterprises strategic difference is,the stronger the driving effect of the ESG Performancetransformation among upstream and downstream enterprises in the industrial chain will be. Thirdly,according to the natureof the transaction,the sample is divided into upstream supplier enterprises and downstream customer enterprises. This paperempirically explores the enterprise environmental,social,and governance performance separately. When upstream suppliershave greater active green innovation than passive green innovation, the stronger industrial chain driving effect will be. Interms of enterprise social responsibility, the negative driving effect is much higher than the positi

关 键 词：ESG表现 产业链溢出效应 绿色创新关联度 产业链依赖度 企业战略差异度 

分 类 号：F832.51[经济管理—金融学]