{"title":"经济指标的准确性与企业的环境、社会和公司治理绩效","authors":"Shiqian Zhu , Haowen Tian , Chenyu Wang","doi":"10.1016/j.econlet.2024.111907","DOIUrl":null,"url":null,"abstract":"<div><p>Economic indicators are important tools used to assess the economic situation of a country or region and for macroeconomic control, and the decline in the accuracy of economic indicators creates potential risks. In this study, we use GDP as a proxy for economic indicators and empirically test the intrinsic correlation between its accuracy and firms’ ESG performance. Using A-share listed companies from 2013 to 2021 as our sample, and constructing a proxy for economic indicator accuracy through nighttime satellite data, we find that the accuracy of economic indicators significantly and positively impacts firms’ ESG performance. Furthermore, financial constraints and government intervention can strengthen this positive effect.</p></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"243 ","pages":"Article 111907"},"PeriodicalIF":1.8000,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Economic indicator accuracy and corporate ESG performance\",\"authors\":\"Shiqian Zhu , Haowen Tian , Chenyu Wang\",\"doi\":\"10.1016/j.econlet.2024.111907\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>Economic indicators are important tools used to assess the economic situation of a country or region and for macroeconomic control, and the decline in the accuracy of economic indicators creates potential risks. In this study, we use GDP as a proxy for economic indicators and empirically test the intrinsic correlation between its accuracy and firms’ ESG performance. Using A-share listed companies from 2013 to 2021 as our sample, and constructing a proxy for economic indicator accuracy through nighttime satellite data, we find that the accuracy of economic indicators significantly and positively impacts firms’ ESG performance. Furthermore, financial constraints and government intervention can strengthen this positive effect.</p></div>\",\"PeriodicalId\":11468,\"journal\":{\"name\":\"Economics Letters\",\"volume\":\"243 \",\"pages\":\"Article 111907\"},\"PeriodicalIF\":1.8000,\"publicationDate\":\"2024-10-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Economics Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0165176524003914\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"2024/8/12 0:00:00\",\"PubModel\":\"Epub\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176524003914","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2024/8/12 0:00:00","PubModel":"Epub","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
摘要
经济指标是评估一个国家或地区经济形势和进行宏观调控的重要工具，经济指标准确性的下降会带来潜在的风险。在本研究中，我们以 GDP 作为经济指标的替代指标，实证检验其准确性与企业 ESG 表现之间的内在相关性。以 2013 年至 2021 年的 A 股上市公司为样本，通过夜间卫星数据构建经济指标准确性的替代指标，我们发现经济指标的准确性对企业的 ESG 表现有显著的正向影响。此外，财务约束和政府干预也会加强这一积极影响。
Economic indicator accuracy and corporate ESG performance
Economic indicators are important tools used to assess the economic situation of a country or region and for macroeconomic control, and the decline in the accuracy of economic indicators creates potential risks. In this study, we use GDP as a proxy for economic indicators and empirically test the intrinsic correlation between its accuracy and firms’ ESG performance. Using A-share listed companies from 2013 to 2021 as our sample, and constructing a proxy for economic indicator accuracy through nighttime satellite data, we find that the accuracy of economic indicators significantly and positively impacts firms’ ESG performance. Furthermore, financial constraints and government intervention can strengthen this positive effect.
期刊介绍：
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.
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