绿色创业导向与环境、社会和治理绩效:契约性战略联盟重要吗?

IF 8.3 2区 管理学 Q1 BUSINESS Corporate Social Responsibility and Environmental Management Pub Date : 2024-05-28 DOI:10.1002/csr.2855
Siying Wang, Haiqing Hu, Xianzhu Wang
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引用次数: 0

摘要

企业实现更好的环境、社会和治理(ESG)绩效的驱动力一直是学术界的热门话题。然而,在越来越多的创业团队投身绿色创业的背景下,绿色创业导向(GEO)是否能从整体战略导向上提升企业的环境、社会和治理(ESG)绩效仍不明确。如果是,那么绿色创业导向影响环境、社会和公司治理绩效的机制是什么?为了确定绿色创业导向与环境、社会和公司治理绩效之间的潜在关系和影响机制,我们以 2009 年至 2022 年的中国上市公司为研究样本,采用固定效应模型和差分模型来探讨绿色创业导向如何影响环境、社会和公司治理绩效。研究结果表明,全球环境展望对企业的环境、社会和治理绩效具有显著的正向影响,尤其是对非国有企业、数字化转型程度高的企业和制造业企业而言。进一步的研究表明,参与契约性战略联盟(SAs)可以加强全球环境展望对环境、社会和公司治理绩效的影响。此外,我们还发现,全球环境展望可以有效地鼓励企业参与契约性战略联盟,而财务约束(FCs)会以反U型方式调节二者之间的联系,并且这种关系仅在非SOE企业中明显存在。总之,我们的研究提供了对全球环境展望、契约性战略安排和财务约束如何共同塑造企业环境、社会和公司治理活动的细微理解,并阐明了它们对提高环境、社会和公司治理绩效的深远影响。我们的实证研究结果对寻求提高其环境、社会和公司治理绩效的公司也有实际意义。
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Green entrepreneurship orientation and environmental, social, and governance performance: Do contractual strategic alliances matter?

The driving forces that enable firms to achieve better environmental, social, and governance (ESG) performance have been a popular topic in academia. However, in the context of increasing numbers of entrepreneurial teams engaging in green entrepreneurship, whether a green entrepreneurial orientation (GEO) enhances ESG performance from an overall strategic orientation is still unclear. If so, what are the mechanisms by which a GEO influences ESG performance? To determine the potential relationship and influencing mechanism between a GEO and ESG performance, we use Chinese listed firms from 2009 to 2022 as our research sample and fixed effects and difference-in-difference models to explore how a GEO affects ESG performance. The results show that a GEO significantly and positively affects ESG performance, especially for nonstate-owned enterprises (nonSOEs), firms with high digital transformation, and firms in the manufacturing industry. Further research shows that participation in contractual strategic alliances (SAs) can strengthen the effect of a GEO on ESG performance. Moreover, we find that a GEO can efficiently encourage firms to engage in contractual SAs, that the link between the two is moderated by financial constraints (FCs) in an inverse-U manner, and that this relationship is evident only for nonSOEs. In conclusion, our study provides a nuanced understanding of how a GEO, contractual SAs, and FCs collectively shape corporate ESG activities and elucidates their far-reaching implications for enhancing ESG performance. Our empirical findings also have practical implications for firms seeking to improve their ESG performance.

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来源期刊
CiteScore
17.20
自引率
16.30%
发文量
189
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.
期刊最新文献
Issue Information Issue Information Shaping tomorrow's managers: The influence of university education on economics students' attitudes toward corporate social responsibility and labor unions The effect of corporate social responsibility on customer engagement and citizenship behavior Synergizing lean management and circular economy: Pathways to sustainable manufacturing
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