高管政治背景对企业ESG表现的影响研究  

A study on the impact of executives’political background on corporate ESG performance

作　　者：宋蔚蔚[1] 李如彤 胡显莉[1] SONG Weiwei;LI Rutong;HU Xianli(Accounting School,Chongqing University of Technology,Chongqing 400054,China)

机构地区：[1]重庆理工大学会计学院,重庆400054

出　　处：《重庆理工大学学报(社会科学)》2025年第2期178-193,共16页Journal of Chongqing University of Technology(Social Science)

基　　金：重庆理工大学研究生科研创新项目“政治关联下环境信息披露质量对企业融资约束的影响研究——基于重污染行业上市公司的经验证据”(gzlcx20223428);重庆市高等教育教学改革研究项目“基于OBE理念的混合式教学模式的探索与实践”(203343)。

摘　　要：生态环境变化、公司丑闻曝光等引起了外界对公司环境、社会和道德责任的广泛关注,这使得ESG作为衡量企业绿色标准下环境绩效、社会责任和公司治理水平的指标,成为近年来学术界的研究热点。选取2013-2021年沪深A股上市公司为样本,实证检验高管政治背景对企业ESG表现的影响及作用机制。研究发现:有政治背景的高管会通过缓解融资约束和增加媒体关注度的途径推动企业提高ESG表现,但两种作用路径在上市年限和规模不同的企业中有不同的效果。研究揭示了企业ESG表现受高管政治背景影响的特征,其政策启示是:政府可以采取措施合理引导有政治背景的高管进行ESG建设,但要把握资源配置的行政干预程度,压缩企业寻租空间,构建一个公平的市场环境。研究从政府嵌入视角促进了企业对ESG表现的认识,为企业持续性健康发展提供了新动力,具有一定的现实价值。In recent years, changes in the ecological environment and the exposure of corporate scandals have increased the expectations of outsiders for corporate environmental, social and ethical responsibility. ESG, as an indicator for measuring the level of environmental performance, social responsibility and corporate governance under the green standards of corporations, has become a research hotspot in recent years, and it also constitutes a key framework for the sustainable development of corporations, and its importance is self-evident. While pursuing economic benefits, enterprises have begun to pay attention to the performance of environmental protection, social responsibility and corporate governance. In this context, the characteristics of corporate executives, as the core force of strategic decision-making, especially their political background, have become an important factor affecting corporate ESG performance. This paper aims to deeply analyse the relationship between the political background and corporate ESG performance, and reveals the intrinsic mechanism of action through theoretical analysis and empirical research. From the theoretical perspective, executives with political backgrounds can bring many advantages to companies by virtue of their extensive network resources and policy acumen. In terms of environmental protection (E), it is easier for them to obtain information on environmental policies, guide enterprises to layout green technology R&D and production in advance, promote energy saving and emission reduction, and reduce environmental risks. In terms of social responsibility (S), a political background helps companies better understand the needs of society, actively participate in public welfare, strengthen the protection of employees’ rights and interests, and enhance their social reputation. In terms of corporate governance (G), political affiliation can help companies improve their governance structure, enhance the scientificity and transparency of decision-making, and effectively prevent i

关 键 词：高管政治背景 ESG表现 融资约束 媒体关注度 

分 类 号：F272.3[经济管理—企业管理]