绿色金融政策能提升环保企业ESG绩效吗?——基于绿色金融改革试验区的准自然实验  

Can Green Finance Policies Improve Corporate ESG Performance?——Quasi Nataral Experiment Based on the Green Finance Reform and Innovation Pilot Zone

作　　者：邵林 周美 SHAO Lin;ZHOU Mei(Department of Economics and Management,Qilu University of Technology,Jinan 250100,China)

机构地区：[1]齐鲁工业大学〈山东省科学院〉经济与管理学部,山东济南250100

出　　处：《济宁学院学报》2025年第1期76-84,共9页Journal of Jining University

基　　金：2023年山东省社会科学规划研究项目“山东省数字贸易营商环境测度、提升路径及对策研究”(23CJJJ10)。

摘　　要：基于2013至2022年中国A股上市节能环保企业样本,将绿色金融改革试验区政策(以下简称:绿色金融试点政策)这一绿色金融政策作为准自然实验,建立DID固定效应模型,实证检验对环保企业ESG绩效的影响及作用机制。绿色金融试点政策对环保企业的ESG绩效具有显著促进作用,这表明处于绿色金融试验区内的环保企业的社会环境综合绩效得到改善。在绿色金融试点政策与环保企业ESG绩效提升路径中,社会声誉与绿色技术创新起到部分中介作用。Based on the sample of China's A-share listed energy conservation and environmental protectionenterprises from 2013 to 2022,this paper takes the green finance policy of the Green Finance Reform PilotZone Policy(hereinafter referred to as Creen Finance Pilot Policy)as a quasi-natural experiment,establishesa DID fixed effect model,and empirically tests the impact and mechanism on the ESG perfornance ofenvironmental protection enterprises.The green finance pilot policy has a signifieant effect on the ESCperformance of environmental protection enterprises,which indicates that the comprahensive social andenvironmental performance of environmental protection enterprises in the green finance pilot zone has beenimproved.In the green finance pilot policy and the ESG performance improvement path of environmentalprotection enterprises,social reputation and green technology innovation play a partial mediating role.

关 键 词：绿色金融试点政策 环保企业 ESG绩效 绿色技术创新 社会声誉 

分 类 号：X196[环境科学与工程—环境科学] F832[经济管理—金融学] F272.5