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引用次数: 0
摘要
企业应努力实现可持续发展,因为可持续发展是经济的重要组成部分。可持续发展是防止对企业未来发展产生负面影响的保障。本文旨在以中国 A 股上市公司为样本,探讨企业环境、社会和治理(ESG)绩效对企业违规行为的影响。我们发现,企业的环境、社会和治理绩效在很大程度上抑制了企业的违规行为,降低了企业的违规风险。基于欺诈三角理论,我们还发现企业 ESG 绩效通过提高信息透明度减少了企业违规行为的机会,通过缓解融资约束减少了企业违规行为的压力,以及通过提高媒体关注度减少了企业违规行为的合理化。通过研究特定公司的违规行为,我们发现公司的环境、社会和治理绩效对公司治理中的信息披露违规行为和一般违规行为更为有效。进一步的分析表明,企业环境、社会和治理绩效对非国有企业和小公司子样本中的企业有相当大的影响。这些结果补充了相关文献,为治理者、监管者、公司高管、审计师和其他利益相关者提供了理论启示。
Exploring the relationship between corporate ESG performance and corporate violation: Based on the fraud triangle theory
Enterprises should strive for sustainable development since it is a vital component of the economy. Sustainable development serves as a safeguard against elements that might negatively impact the future development of their companies. This article aims to explore the influence of corporate environmental, social, and governance (ESG) performance on corporate violation using Chinese A‐share listed firms as a sample. We discover that corporate ESG performance considerably discourages corporate violation behavior, reducing the risk of corporate violations. Based on the fraud triangle theory, we also show that corporate ESG performance reduces the opportunity of corporate violations by improving information transparency, reduces the pressure of corporate violations by alleviating financing constraints, and reduces the rationalization of corporate violations by increasing media attention. By examining particular corporate violations, we document that corporate ESG performance is more effective for disclosure violations and general violations in corporate governance. Further analysis shows that corporate ESG performance has a considerable impact on companies in nonstate‐owned and small‐company subsamples. These results add to the literature and provide theoretical insights for governors, regulators, company executives, auditors, and other stakeholders.
期刊介绍:
Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas.
The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.