中国人口·资源与环境2024，Vol.34Issue(3)：137-150,14.DOI:10.12062/cpre.20230901
地方政府环境治理目标约束能否提升企业ESG质量?
Can local governments'environmental governance target constraints improve corpo-rate ESG quality?empirical evidence based on textual analysis
摘要
Abstract
Achieving comprehensive and high-quality regional development has set higher standards for local governments'endeavors in environmental governance.As the core driving force behind this development,how enterprises implement environmental emission re-duction measures,assume social responsibilities,and improve governance has become a key factor in regional development.This study sorted out the annual work reports of 275 prefecture-level cities in China from 2010 to 2020.Through text mining methods,it has con-structed binding indicators for environmental governance target of local governments,and identified two different types of environmental governance target constraints:'rule-oriente'and'principle-oriented'.Empirical analysis found that:Compared with principle-oriented approach,rule-oriented environmental governance was more effective in enhancing the ESG quality of enterprises within the region,and this result remains robust after a series of robustness t ests such as changing explanatory variables and dependent variables,placebo tests,instrumental variable methods,propensity score matching,exogenous event shocks,etc.Key mechanisms behind this included government green subsidies,public environmental awareness,the quality of corporate information disclosure,commitment to social re-sponsibility,and the capability for green technological innovation.This indicates that the process of improving the ESG quality of enter-prises within the region requires the joint efforts and enabling of the government,the public,and enterprises.Further research showed that in highly marketized regions levels,among state-owned enterprises,and among enterprises that highly respond to policies,rule-ori-ented environmental governance target constraint had a more pronounced effect.Specifically,rule-oriented governance significantly ad-vanced all three ESG dimensions,namely,environmental(E),social(S),and governance(G)dimensions,with the environmental aspect being especially prominent.This provides empirical evidence for achieving pollution reduction and carbon emission reduction and sus-tainable development.关键词
环境治理目标约束/ESG质量/政府行为/公众环境关注Key words
environmental governance target constraint/ESG quality/corporate governance/public environmental concerns分类
资源环境引用本文复制引用
徐妍,宋怡瑾,沈悦..地方政府环境治理目标约束能否提升企业ESG质量?[J].中国人口·资源与环境,2024,34(3):137-150,14.基金项目
国家自然科学基金项目"地方政府行为与区域产业演化中的'路径创造陷阱':基于可实证空间均衡模型的多尺度交互作用研究"(批准号:71903016) （批准号:71903016）
中央高校优秀青年学者项目"地方政府行为与区域产业演化中的路径依赖研究"(批准号:300102230621) （批准号:300102230621）
陕西省社会科学基金项目"空间关联视角下数字经济赋能陕西省高质量发展的效应测度与实现路径研究"(批准号:2022D008) （批准号:2022D008）
陕西省软科学一般项目"东数西算视角下陕西省数字经济高质量发展的空间效应测度及提升路径研究"(批准号:2023-CX-RKX-121). （批准号:2023-CX-RKX-121）
