摘要
基于2013—2020年146家林业上市公司数据,构建固定效应面板数据模型分析林业上市公司环境、社会、公司治理(ESG)表现对企业盈利能力的影响。研究表明:ESG表现对林业上市公司的盈利能力具有显著的正向作用,且大型企业、非国有企业和非污染企业对林业上市公司盈利能力的提升作用更为突出。提出了林业企业需循序渐进、有针对性的推动企业ESG水平提高,进而推动盈利能力提高;政府监管部门应不断增强对林业企业ESG表现关注,鼓励金融机构支持ESG表现良好的林业企业;政策制定部门和ESG评估机构应进一步完善ESG信息披露的实施细则和ESG评价标准体系的对策建议。
Based on the data of 146 listed forestry companies from 2013 to 2020,this paper constructs a fixed-effect panel data model to analyze the impact of environmental,social and corporate governance(ESG)performance of listed forestry companies on corporate profitability.The research shows that ESG performance has a significant positive effect on the profitability of listed forestry companies,and large enterprises,non-state-owned enterprises and non-polluting enterprises play a more prominent role in improving the profitability of listed forestry companies.Therefore,forestry enterprises should promote ESG gradually and profitability;government regulators should pay more attention to ESG performance and encourage financial institutions to support ESG performance;policy making departments and ESG evaluation agencies should further improve the implementation rules of ESG information disclosure and ESG evaluation standards.
作者
刘秋金
杨思崟
林淳
刘伟国
Liu Qiujin;Yang Siyin;Lin Chun;Liu Weiguo(College of Finance and Economics,Fuzhou Technology and Business University,Fuzhou 350715,China;Library,Fuzhou Technology and Business University,Fuzhou 350715,China;School of Finance and Accounting,Fujian Business University,Fuzhou 350012,China;College of Resources and Environment,Yunnan Agricultural University,Kunming 650100,China)
出处
《中国林业经济》
2023年第1期137-143,共7页
China Forestry Economics
关键词
林业上市公司
ESG表现
盈利能力
Forestry listed companies
ESG performance
Profitability
作者简介
第一作者:刘秋金(1995-),女,福建莆田人,硕士研究生。
