地方政府绩效考核与企业ESG表现:一个政策文本分析的视角

Local Government Performance Assessment and Corporate ESG Performance:A Policy Textual Analysis Perspective

基于地方政府工作报告文本,将环境注意力配置与经济增长目标作为政府绩效考核转型的代理变量,研究其对企业ESG表现的作用机制。结果表明:政府加强对环境的关注能显著促进企业绿色转型,二者呈现倒U型关系,但经济增长目标的影响并不显著。进一步发现:环境注意力配置主要影响企业在环境领域的ESG表现,对社会领域和治理领域ESG表现的影响并不显著;在国有与大型企业样本中的促进作用更强,且高效率企业将更积极地推动绿色转型;公众对环境的关注呈现显著的正向调节效应。上述研究从企业治理的视角为政府绩效考核转型的微观影响机制提供了证据支持,为稳步推动形成政府、公众与企业共治的环境治理体系提供了有益启示。

This article uses environmental attention allocation and economic growth goals as proxy variables for government performance evaluation transformation,and studying the mechanism of corporate ESG performance,based on the work report of local governments in China.The results indicate that the attention to the environment significantly promotes enterprises to fulfill their social responsibilities,and there is a U-shaped relationship between them.At the same time,the impact of economic growth goals is not significant.Further testing find that,firstly,the environmental attention allocation mainly affects the ESG performance of enterprises in the environmental field,and its impact on social and governance is not significant.Secondly,the promoting effect is stronger in the sample of state-owned and large enterprises,and it promotes efficient enterprises to actively fulfll their social responsibilities.Thirdly,public attention to the environment exhibits a significant positive moderating effect.The above research provides evidence support for the micro impact mechanism of government performance evaluation transformation from the perspective of corporate governance,and provides useful insights for steadily promoting the formation of an environmental governance system that involves government,the public,and enterprises.