政府补助对企业ESG表现的影响机制研究 |
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引用本文: | 徐金可,蒋葵. 政府补助对企业ESG表现的影响机制研究[J]. 科技和产业, 2023, 23(22): 73-78 |
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作者姓名: | 徐金可 蒋葵 |
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作者单位: | 西南科技大学 经济管理学院,四川 绵阳 621000 |
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摘 要: | 以中国沪深A股上市公司2009—2021年的数据为研究样本,采用双向固定效应模型实证探析政府补助对企业ESG表现的影响。结果显示,政府补助对于企业ESG表现的提升有显著作用。机制检验表明,政府补助通过研发创新驱动效应、融资约束缓解效应、分析师披露监督效应三条中介路径来提高企业的ESG表现。其中,研发创新的中介作用最强,融资约束与分析师披露监督的中介作用次之,为政府引导ESG实践提供了可参考的依据。
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关 键 词: | 政府补助 ESG表现 研发创新 融资约束 分析师关注度 |
Research on the mechanism of government subsidy on ESG performance |
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Abstract: | Taking the data of Chinese a-share listed companies in Shanghai and Shenzhen from 2009 to 2021 as the research sample, the effect of government subsidies on ESG performance was empirically analyzed by using two-way fixed effect model. The results show that government subsidies have a significant effect on the improvement of ESG performance. The mechanism test shows that government subsidies can improve ESG performance through three mediating paths which are R & D Innovation driving effect, financing constraint easing effect, and analyst disclosure supervision effect. The intermediary role of R & D Innovation is the strongest, financing constraints and analyst disclosure supervision of the intermediary role, for the government to guide the practice of ESG provides a reference basis. |
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Keywords: | government subsidies ESG performance R&D innovation financing constraints analyst attention |
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