合法性视角下房地产企业ESG信息披露策略研究  

Research on ESG Disclosure Strategy of Real Estate Enterprises From the Perspective of Legitimacy

作　　者：谭浩琦 杜静[1] 朱蕾[1] TAN Haoqi;DU Jing;ZHU Lei(Department of Construction and Real Estate,School of Civil Engineering,Southeast University,Nanjing 211189)

机构地区：[1]东南大学土木工程学院建设与房地产系,江苏南京211189

出　　处：《工程管理学报》2025年第1期141-147,共7页Journal of Engineering Management

基　　金：国家自然科学基金“双碳”专项项目(52341802).

摘　　要：为探究我国房地产企业在当前制度背景下进行ESG信息披露的行为特征及实践决策原理,引入合法性理论,在构建房地产企业ESG信息披露指标框架的基础上,运用内容分析法从完整性和真实性两方面对我国A股上市房地产企业的ESG信息披露策略进行量化。结果表明,房地产企业ESG信息披露策略可以划分为默许、选择、抵抗、回避四类,并且有38%的企业采取了相对消极的抵抗或回避策略,将不利于房地产企业ESG生态体系的健康发展。为此,基于“制度环境-评价者合法性判断-企业行为”的ESG合法性框架,应从政府、外部评价者、房地产企业多方加以引导,以促进房地产企业向更加积极的ESG披露策略转化。In order to explore how China's real estate enterprises make ESG disclosure and practice decision-making under the current institutional context,the legitimacy theory is introduced,and on the basis of constructing a framework of ESG disclosure indicators for the real estate industry,the content analysis method is used to quantify the ESG disclosure strategies of China's A-share listed real estate enterprises in terms of completeness and authenticity.The results show that the ESG disclosure strategies of real estate enterprises can be divided into four categories:acquiescence,choice,resistance,and avoidance.Notably,38%of the enterprises adopt relatively negative resistance or avoidance strategies,which may hinder the healthy development of the real estate industry's ESG ecosystem.Therefore,on the basis of the ESG legitimacy framework of"institutional environment-evaluator's legitimacy judgment-corporate behavior",the government,external evaluators,and enterprises should be guided to promote the transformation of real estate enterprises to more positive ESG disclosure strategies.

关 键 词：ESG信息披露 合法性判断 组织策略 房地产企业 内容分析法 

分 类 号：F293.3[经济管理—国民经济]