旅游上市公司ESG表现对企业财务绩效的影响  

Impact of ESG Performance of Listed Tourism Companies on Corporate Financial Performance

作　　者：向雪芹 XIANG Xueqin(School of Accounting,Hubei University of Economics,Wuhan 430205,China)

机构地区：[1]湖北经济学院会计学院,武汉430205

出　　处：《科技和产业》2025年第7期203-210,共8页Science Technology and Industry

摘　　要：以2016—2022年中国A股旅游上市公司季度数据为研究样本,实证分析旅游上市公司ESG(环境、社会和治理)表现对企业财务绩效的影响。研究发现:旅游上市公司ESG表现对企业财务绩效存在正向促进作用;ESG表现通过降低融资约束来实现对财务绩效的促进作用;相比于非旅游景区组,景区组改善ESG表现对企业财务绩效的提升效益更小;相比于非国有企业,国有企业的ESG表现对企业财务绩效的促进作用更显著。Based on the quarterly data of China’s A-share listed tourism companies from 2016 to 2022,the impact of ESG(environmental,social,and governance)performance of listed tourism companies on their financial performance was empirically analyzed.The results show that the ESG performance of listed tourism companies has a positive effect on the financial performance of enterprises,the ESG performance promotes the financial performance by reducing the financing constraint.The improvement of ESG performance in the scenic group has less effect on the improvement of corporate financial performance than that of the non-scenic group,and the improvement of ESG performance in the state-owned enterprise group has less effect on the improvement of corporate financial performance than that of the non-state-owned enterprise group.

关 键 词：ESG(环境、社会和治理)表现 财务绩效 融资约束 

分 类 号：F270.3[经济管理—企业管理]