技术与创新管理2024，Vol.45Issue(5)：532-544,13.DOI:10.14090/j.cnki.jscx.2024.0506
政府补贴对企业ESG表现的影响及双中介效应研究
A Study on the Impact of Government Subsidies on Firm ESG Performance and Dual Mediation Effect
摘要
Abstract
As"the visible hand"in the market economy,government subsidies are of great significance to corporate ESG performance.Taking A-share listed companies in Shanghai and Shenzhen from 2011 to 2022 as research samples,this paper empirically examines the impact of government subsidies on corporate ESG performance and the transmission path by constructing a dual fixed effects model and a dual mediation model.It is found that government subsidies significantly improve corporate ESG per-formance,and the conclusion still holds after the robustness test.The mechanism test finds that govern-ment subsidies improve firms'ESG performance by promoting firms'digital transformation and green technology innovation.The heterogeneity test finds that the positive effect of government subsidies on firms'ESG performance is more significant in the eastern and central regions of China,regions with strong environmental regulations,high-tech industries,manufacturing industries,small and medium-sized firms,and firms whose executives have a sustainable development philosophy.Therefore,the gov-ernment should use government subsidies as a regulatory tool,and enterprises should improve internal governance and ESG construction system,thus adding bricks and mortar to achieve the dual-carbon goal and the high-quality economic development.关键词
政府补贴/ESG表现/数字化转型/绿色技术创新/双中介效应Key words
government subsidies/ESG performance/digital transformation/green technology innova-tion/dual mediation effect分类
管理科学引用本文复制引用
谭本唯,曹薇..政府补贴对企业ESG表现的影响及双中介效应研究[J].技术与创新管理,2024,45(5):532-544,13.基金项目
教育部人文社会科学研究青年基金项目(20YJC790004) （20YJC790004）
山西省科技战略研究专项(202204031401062) （202204031401062）
