摘要
选取2009~2021年A股上市公司作为研究样本,基于制度逻辑理论视角,剖析行业协会关联影响企业ESG表现的作用机理。研究发现:行业协会关联能够显著提升企业ESG表现,且关联强度越高、关联层级越高以及担任会长的行业协会关联对企业ESG表现的提升作用更显著;进一步研究表明,行业协会关联通过降低企业不确定性感知、提高管理层诚信以及抑制高管负道德行为等传导路径提升企业ESG表现,且这种提升效应在非国有企业和无政府关联企业、媒体关注度和分析师关注度越高的企业中更为显著。经济后果分析表明,企业ESG表现的提升有助于推动企业绿色创新“增量提质”。
This study selects A-share listed companies from 2009 to 2021 as research samples,and analyzes the mechanism of the influence of industry associations connection on ESG performance from the perspective of institutional logic theory.This study finds that industry associations connection can significantly improve the ESG performance.And the higher the association intensity,the higher the association level and the connection of the president of the industry association have a more significant effect on the improvement of enterprise ESG performance.Furthermore,the mechanism test shows that industry associations connection improves enterprise ESG performance by reducing the perception of uncertainty,improving management integrity and curbing negative ethical behavior of executives,and this enhancement effect is more significant in non-state owned and non-government affiliated companies,as well as companies with higher media attention and analyst attention.The analysis of the economic consequences shows that improving enterprises’ESG performance can help drive“increased quantity and quality”of corporate green innovation.
作者
王浩军
宋铁波
黄键斌
WANG Haojun;SONG Tiebo;HUANG Jianbin(South China University of Technology,Guangzhou,China;China Southern Power Grid Energy Development Research Institute,Guangzhou,China)
出处
《管理学报》
CSSCI
北大核心
2024年第4期507-516,共10页
Chinese Journal of Management
基金
国家社会科学基金资助项目(20BGL103)。
关键词
制度中介
行业协会关联
企业ESG表现
制度逻辑
institutional intermediaries
industry associations connection
ESG performance
professional logic
