异质性业绩期望差距与企业ESG绩效变动  

Heterogeneous Performance Expectation Gap and Changes in CorporateESG Performance

作　　者：陈雨 程玲莎[1] CHEN Yu;CHENG Lingsha(Business School,Ningbo University,Ningbo 315211,China)

机构地区：[1]宁波大学商学院,浙江宁波315211

出　　处：《科技与经济》2025年第2期86-90,共5页Science & Technology and Economy

摘　　要：基于2016—2022年A股非金融类上市公司数据,探讨不同业绩期望对企业ESG绩效的动态影响。实证结果表明,历史(行业)业绩期望顺差与ESG绩效变动呈正相关关系,历史(行业)业绩期望落差与ESG绩效变动呈负相关关系。对业绩期望差距进行一系列敏感性测试及更换ESG评级数据,结果均支持上述结论。企业业绩期望差距这一特殊市场情境为研究ESG绩效的动态变化提供了一个新的视角,为处于不同业绩期望差距下的企业ESG投资提供理论指导和经验证据。Based on the data of A-share non-financial listed companies from 2016 to 2022,this paper explores the dynamic impact of different performance expectations on corporate ESG performance.The empirical results show that the historical(industry)performance expectation surplus is positively correlated with ESG performance changes,and the historical(industry)performance expectation gap is negatively correlated with ESG performance changes.This conclusion is supported by a series of sensitivity tests on performance expectation gaps and the replacement of ESG rating data.Based on the special market situation of corporate performance expectation gap,this paper provides a new perspective for studying the dynamic changes of ESG performance,and provides theoretical guidance and empirical evidence for corporate ESG investment in different performance expectation gaps.

关 键 词：业绩期望顺差 业绩期望落差 ESG表现 

分 类 号：F275[经济管理—企业管理]