详情
The Influence of ESG Responsibility Performance on Enterprises’ Export Performance and its Mechanism
Under the goal of carbon peaking and carbon neutrality, taking environment, social responsibility, and corporate governance (ESG) as the important investment factor has become an action guide and standard for capital market participants. The practice of the ESG concept is not only a new way for enterprises to form new asset advantages and realize green and low-carbon transformation, but also important access for promoting high-quality and sustainable development. Based on Chinese-listed companies within the period of 2009 to 2015, we investigate the impact of ESG responsibility performance on export performance as well as its mechanism. We theorize and find out show that ESG responsibility performance can significantly and stably promote enterprises’ export performance. Mechanism analysis shows that ESG can improve export performance by reducing financing costs and easing financing constraints, and the green technology innovation effect is also an important channel for ESG to affect export performance. Therefore, government should strengthen the supervision and incentive of ESG
performance, encourage enterprises to improve their environmental, social and governance performance in order to adapt to the goal of carbon peak and carbon neutrality and promote the high-quality development of export trade. Future research may consider combining ESG
accountability with other factors such as supply chain management, intermediate imports, and transnational spillovers to more fully understand its impact on export performance, so as to create more value for society.