连锁股东交叉持股下股东关系网络对企业碳绩效的影响研究  

Study on the Influence of Shareholder Relationship Network on Enterprise Carbon Performance Under the Cross-Shareholding of Chain Shareholders

作　　者：罗栋梁 徐浩涵 刘春燕 LUO Dongliang;XU Haohan;LIU Chunyan(Jiangsu Normal University,Xuzhou,Jiangsu,China)

机构地区：[1]江苏师范大学商学院,江苏省徐州市221116

出　　处：《管理学报》2025年第3期516-526,共11页Chinese Journal of Management

基　　金：教育部人文社会科学研究规划基金资助项目(15YJA630043);江苏师范大学研究生创新计划资助项目(2024XKT1394)。

摘　　要：基于社会网络视角,利用2009~2020年沪深A股29509家上市公司数据,以股东关系网络衡量企业间关系,考察企业间关系对企业碳绩效的影响及其作用路径。研究表明:股东关系网络能够促进企业碳绩效的提升,且该结论能够经过一系列稳健性检验。从治理“驱动”和技术“助力”两方面的机制分析发现,股东关系网络通过内部控制能力、资金管理能力、绿色创新技术和环保管理技术提升企业碳绩效。进一步分析表明,企业自身不同特征、内外不同约束和所处不同区位等会影响股东关系网络与企业碳绩效之间的正相关关系。This study uses the data of 29509 listed companies in Shanghai and Shenzhen A-shares from 2009 to 2020 to measure the relationship between enterprises through the shareholder relationship network formed by cross-shareholding of chain shareholders,and examines the impact of inter-enterprise relationship on enterprise carbon performance and its action path.The results show that shareholder relationship network can promote the improvement of enterprise carbon performance,and the conclusion goes through a series of robustness tests.From the mechanism analysis of governance“driving”and technology“assisting”,it is found that the shareholder relationship network improves the carbon performance of enterprises through internal control ability,capital management ability,green innovation technology and environmental management technology.Further analysis shows that different characteristics of enterprises,different internal and external constraints and different location will affect the positive relationship between the shareholder relationship network and the carbon performance of enterprises.

关 键 词：连锁股东 股东关系网络 企业碳绩效 公司治理 技术创新 新质生产力 

分 类 号：C93[经济管理—管理学]