Peer effect of corporate ESG performance:A strategic interaction perspective  

作　　者：ZHANG Chen-feng 

机构地区：[1]Oliver Hart Research Center of Contracts and Governance,School of Business,East China University of Science and Technology,Shanghai 200237,CHINA

出　　处：《Ecological Economy》2025年第1期66-80,共15页生态经济(英文版)

基　　金：supported by the National Natural Science Foundation of China(Grant No.72073045).

摘　　要：As the goal of"low carbon"sustainable development becomes more salient,the corporations'environmental,social,and governance(ESG)practices are under higher visibility.How to promote the ESG performance of corporations has become a big challenge that needs to be solved.Spatial econometrics methods based on panel data on listed corporations in the period from 2018 to 2023 are used in the paper to empirically analyze the peer effect of a corporation from the view of strategic interaction.The results found relatively positive industry peer effects as well as regional peer effects.However,the latter is much weaker.Industry-wise results indicate that most sectors demonstrate positive peer competition on ESG issues,with only a few,like the special equipment manufacturing industry,not showing significant peer effects.The empirical results in this paper support the mode of cooperative interaction among firms,help broaden the scope of understanding factors that encourage ESG practices,and suggest relevant policies for boosting corporate social responsibilities and sustainable development through encouraging factors.

关 键 词：ESG performance peer effects strategic interactions among corporations spatial econometric methodology 

分 类 号：F272[经济管理—企业管理] X322[经济管理—国民经济]