当代财经 ›› 2024, Vol. 0 ›› Issue (10): 153-164.

• 现代会计 • 上一篇    

环境协同治理与重污染企业ESG表现

计小青1, 吴志祥2   

  1. 1.上海财经大学 财经研究所,上海 200433;
    2.安庆师范大学 经济与管理学院,安徽 安庆 246133
  • 收稿日期:2024-04-12 修回日期:2024-07-05 出版日期:2024-10-15 发布日期:2024-10-16
  • 通讯作者: 吴志祥,安庆师范大学讲师,博士,主要从事区域经济研究,联系方式cqxd2017@126.com。
  • 作者简介:计小青,上海财经大学教授,博士,主要从事金融发展与区域经济研究。
  • 基金资助:
    国家社会科学基金重点项目“基于新发展理念的经济结构调整与金融系统防风险的动态平衡机制研究”(22AZD134); 中央高校科研业务专项资金“环境协同治理的绿色发展效应、机理与政策优化研究”(CXJJ-2023-440)

Environmental Collaborative Governance and ESG Performance of Heavily Polluting Enterprises

JI Xiao-qing1, WU Zhi-xiang2   

  1. 1. Shanghai University of Finance and Economics, Shanghai 200433;
    2. Anqing Normal University, Anqing 246133, China
  • Received:2024-04-12 Revised:2024-07-05 Online:2024-10-15 Published:2024-10-16

摘要: 健全现代环境治理体系以推动环境协同治理是实现经济社会全面绿色转型的重要举措。基于“结构-过程”模型和文本分析方法,并以2010—2021年A股重污染行业的企业为样本,考察了环境协同治理对重污染企业ESG表现的影响及作用机制。研究发现,环境协同治理能改善重污染企业的ESG表现。机制分析发现,环境协同治理能促进重污染企业绿色创新和提高重污染企业的内部控制质量,因而环境协同治理能改善重污染企业的ESG表现。异质性分析发现,环境协同治理对重污染企业ESG表现的改善作用在地方政府规模大、社会公众环境关注度高的地区更显著。为此,要加快构建现代环境治理体系;在深入推进环境协同治理中,要精准施策。

关键词: 环境协同治理, 重污染企业, 企业ESG表现

Abstract: Improving the modern environmental governance system to promote the coordinated environmental governance is an important measure to achieve the comprehensive green transformation of the economy and society. Based on the “structure-process” model and the text analysis method, this study examines the impact and mechanism of environmental collaborative governance on the ESG performance of heavily polluting enterprises by taking the A-share heavily polluting industries from 2010 to 2021 as samples. The findings show that collaborative environmental governance can improve the ESG performance of the heavily polluting enterprises. The mechanism analysis reveals that environmental collaborative governance can promote green innovation and improve the internal control quality of heavily polluting enterprises, thus improving their ESG performance. The heterogeneity analysis reveals that the improvement effect of environmental collaborative governance on the ESG performance of the heavily polluting enterprises is more significant in regions with larger local government scale and higher public environmental attention. To this end, we need to accelerate the construction of a modern environmental governance system; we should also take precise measures in deepening the coordinated governance of the environment.

Key words: environmental collaborative governance, heavily polluting enterprises, corporate ESG performance

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