企业ESG表现的行业同群效应研究  

A Study of industry Peer Effect in Corporate ESG Performance

作　　者：申艳媛 田露露 SHEN Yanyuan;TIAN Lulu

机构地区：[1]青岛科技大学

出　　处：《当代经理人》2024年第4期3-15,共13页Contemporary Manager

基　　金：国家自然科学基金青年科学基金项目“异质性企业视角下环境规制对公平竞争的影响:特征事实、机制分解与政策设计”(71803101);国家社会科学基金重大项目“我国制造业低碳化发展的理论体系、政策框架与实践路径研究”(22&ZD102);山东省自然科学基金面上项目“企业ESG ‘漂绿’现象的影响效应、形成动因与治理机制研究”(ZR2023MG078)

摘　　要：企业ESG表现是衡量微观层面绿色可持续发展水平的重要指标。探究同群企业的ESG表现如何影响焦点企业,有助于梳理ESG表现的传导路径并为其进一步改善提供新思路。基于此,以中国2009—2021年A股上市公司作为研究对象,从行业视角出发探讨企业ESG表现的同群效应。研究结果表明,企业ESG表现存在行业同群效应,即ESG表现会随行业同群企业ESG表现水平的提高而呈现上升趋势;调节机制检验结果显示,竞争环境和信息环境在行业同群效应中发挥着正向调节作用,即竞争环境越激烈、信息环境越好,越能提升焦点企业ESG表现的行业同群效应。Enterprise ESG performance is an important indicator to measure the level of green sustainable development at the micro level.Exploring how the ESG performance of the same group of enterprises affects the focus enterprises will help to sort out the transmission path of ESG performance and provide new ideas for its further improvement.This paper takes China A-share listed companies from 2009 to 2021 as the research object,and discusses the peer effect of ESG performance of enterprises from the perspective of industry.The results show that there is a notable industry peer effect in ESG performance of enterprises,that is,ESG performance will show an upward trend with the improvement of ESG performance level of enterprises in the same industry group.Furthermore,the competitive environment and the information environment play a positive adjustment role in the industry peer effect,that is,the fiercer the competitive environment and the better the information environment,the better the peer effect of ESG performance of key enterprises.

关 键 词：ESG表现 同群效应 竞争环境 信息环境 

分 类 号：X322[环境科学与工程—环境工程] F832.51[经济管理—金融学]