摘要
企业ESG表现与“双碳”目标的实现密切相关,因此研究企业ESG表现对海外直接投资的影响,对企业高质量发展有重要意义。基于2009—2022年A股上市公司面板数据,研究了企业ESG表现对海外直接投资的影响及作用机制。整体上看,企业ESG表现能通过缓解融资约束、提升创新能力和提高声誉对海外直接投资有显著促进作用。从地区、股权所有制和规模来看,东部地区企业、国有企业和大型企业的ESG表现对海外直接投资的促进作用要更强。
Corporate ESG performance is closely related to the realisation of the "double carbon" goal,so it is important to study the impact of corporate ESG performance on overseas direct investment for the high-quality development of enterprises.Based on the panel data of A-share listed companies from 2009 to 2022,we study the impact and mechanism of corporate ESG performance on overseas direct investment income.The study shows,corporate ESG performance can significantly contribute to overseas direct investment by alleviating financing constraints,enhancing innovation ability and improving reputation.In terms of region,equity ownership and size,the ESG performance of enterprises in the eastern region,state-owned enterprises(SOEs) and large-scale enterprises(LSEs) has a stronger contribution to overseas direct investment.
作者
李畅
杜江
Li Chang;Du Jiang(School of Economics and Management,Kash University,Kash Xinjiang 844000;School of Economics,Sichuan University,Chengdu Sichuan 610000)
出处
《对外经贸》
2025年第2期94-100,共7页
FOREIGN ECONOMIC RELATIONS & TRADE
