| 摘要: |
| 摘要：在新发展理念和“双碳”目标指引下，企业主动选择履行ESG责任成为适应外部制度环境变迁的重要举措。基于2011－2021年中国A股上市公司的样本数据，实证研究营商环境改善对企业ESG责任履行的影响效应，分析数字化转型和融资约束在营商环境与企业ESG责任履行之间的关系。研究发现：良好的营商环境有利于促进企业ESG责任履行；数字化转型和融资约束在营商环境和企业ESG责任履行之间存在中介作用，其中营商环境通过赋能数字化转型和缓解融资约束推动企业ESG责任履行；相较于国有企业，营商环境对非国有企业ESG责任履行的促进作用更显著。在此基础上，从实操层面就营造公开透明、法治公正的营商环境，推进ESG投资与数字化转型的深度融合，资本市场改革与政策创新等方面提出对策建议，为提升企业ESG责任履行提供理论支撑和实践指导。 |
| 关键词: 关键词：营商环境；ESG责任履行；数字化转型；融资约束 |
| DOI： |
| 分类号:F832.5 |
| 基金项目:基金项目：国家社会科学基金一般项目“中国制造业链主企业自主创新策源能力生成及协同培育机制研究”（23BJY218）；江苏省社会科学基金项目“‘双碳’目标下ESG责任履行赋能企业高质量发展的动力机制及实现路径”（21GLB017）；江苏高校哲学社会科学重大项目“数字赋能江苏装备制造业高质量发展的财税政策协同驱动机制研究”（19YJA630049）；江苏理工学院创新创业项目“‘双碳’目标下ESG责任履行赋能企业创新质量提升的动力机制及路径研究”（202311463034Z）。 |
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| Can the Improvement of Business Environment Enhance Corporate ESG Responsibility Fulfillment?——Mediating Effects Analysis Based on Digital Transformation and Financing Constraints |
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YUAN Fen-qiang,LIU Yong-hao,WANG Zhi-hua
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(School of Management,Jiangsu University of Technology)
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| Abstract: |
| Abstract：Under the guidance of the new development philosophy and the “dual-carbon” goals,enterprises actively fulfilling ESG responsibilities has become a critical measure to adapt to changes in the external institutional environment.Based on sample data from China’s A-share listed companies from 2011 to 2021,this study empirically examines the impact of business environment improvement on corporate ESG responsibility fulfillment and analyzes the mediating roles of digital transformation and financing constraints in this relationship.The findings reveal that：(1) A favorable business environment significantly promotes corporate ESG responsibility fulfillment；(2) Digital transformation and financing constraints act as mediators between the business environment and ESG responsibility fulfillment,where the former drives ESG practices by enabling digital transformation and alleviating financing constraints；(3) Compared to state-owned enterprises (SOEs),the business environment exerts a more pronounced positive effect on ESG responsibility fulfillment in non-SOEs.Building on these findings,practical recommendations are proposed,including fostering an open,transparent,and law-based business environment,deepening the integration of ESG investment and digital transformation,and advancing capital market reforms and policy innovations.These suggestions aim to provide theoretical and practical guidance for enhancing corporate ESG responsibility fulfillment. |
| Key words: Key words：Business Environment；ESG Responsibility Fulfillment；Digital Transformation；Financing Constraints |
