摘要
制度环境是促进企业发展的重要外部因素。作为高度切合高质量发展内涵的ESG,其制度压力能否通过促进企业ESG责任履行及其联动效应助力企业高质量发展,是推进ESG制度完善和企业高质量发展的重要问题。本文以2011—2022年沪深A股上市公司为样本,深入探讨外源性制度压力如何推动企业内生的ESG责任履行,并最终影响企业高质量发展这一“外因—内变—质果”的机制。研究结果表明,无论是强制性制度压力、规范性制度压力,还是模仿性制度压力,均对企业高质量发展产生积极影响,且通过企业ESG责任履行助力企业高质量发展。异质性分析发现,强制性、规范性和模仿性制度压力在不同区域和企业成长阶段显现出差异化影响效果;基于fsQCA的进一步组态性分析发现,制度压力与ESG责任履行的三种组态模式——制度压力驱动模式、ESG责任履行驱动模式和制度压力—ESG责任履行驱动模式,均能有效促进企业高质量发展。该研究结论为完善ESG环境制度、推动企业ESG责任履行和实现高质量发展提供理论依据和实践指导。
Institutional environment is an important external factor that promotes corporate development.As ESG highly conforms to the spirit of high-quality development,it is crucial to investigate whether institutional pressures facilitate high-quality corporate development by encouraging firms to fulfill ESG responsibility and its coupling effect,during the process of enhancing the regulatory environment for ESG and high-quality corporate development.Using a sample of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2011 to 2022,this paper explores how exogenous institutional pressures encourage firms to fulfill ESG responsibility,and ultimately promotes high-quality corporate development following the mechanism of“external factorsinternal changes-high-quality outcomes”.The results show that all three types of intuitional pressures,namely coercive pressures,normative pressures,and mimetic pressures,positively affect the high-quality development of corporations through the fulfillment of ESG responsibility.Cross-section tests find that the effect of coercive,normative,and mimetic pressures varies with the regions and the stages of business life cycle in which the firm is located.Further configuration analyses based on fsQCA identify three configuration models of institutional pressures and ESG responsibility fulfillment,including institutional pressures-driven model,ESG performance-driven model,and institutional pressure-ESG performance-driven model,All three models can effectively facilitate high-quality corporate development.Our findings provide theoretical and practical insights on improving ESG regulatory environment,promoting the fulfillment of ESG responsibility fulfillment,and achieving high-quality development.
作者
周园
张慧文
Yuan Zhou;Huiwen Zhang(School of Accounting,Jilin University of Finance and Economics,Changchun,Jilin,China 130000)
出处
《当代会计评论》
2023年第4期70-97,共28页
Contemporary Accounting Review
基金
吉林省科技厅创新发展战略研究“吉林省智慧健康医疗供应链生态系统建设研究”(20230601115FG)的阶段性研究成果
关键词
制度压力
ESG责任履行
高质量发展
fsQCA
institutional pressure
ESG responsibility fulfillment
high-quality development
fsQCA
作者简介
通讯作者:周园,副教授,E-mail:462057878@qq.com;张慧文,硕士研究生,E-mail:2012212817@qq.com
