近日,金融系青年教师岳鹏鹏在International Review of Financial Analysis2024年第91卷正式发表。International Review of Financial Analysis为ABS3期刊,伟德BETVLCTOR1946认定的A1期刊,也是经济与商科ESI入选期刊。
1 内容摘要
In the context of increasing concern about climate issues, corporate environmental, social and governance (ESG) performance has received widespread attention from the public. Our study focuses on empirically analyzing the effects of media coverage on corporate ESG performance in China. The findings suggest that media coverage plays an effective supervisory role in improving corporate ESG performance. This finding is robust after addressing the potential endogeneity issues. Furthermore, we find that media coverage improves by increasing analysts' attention and deterring agency costs. Our results provide effective suggestions to help enterprises achieve carbon peaking and carbon neutrality goals and to help the media play an effective supervisory role in achieving sustainable development.
在日益关注气候问题的背景下,企业的环境、社会和治理(ESG)表现受到了公众的广泛关注。我们的研究重点在于实证分析媒体报道对中国企业ESG表现的影响。研究发现表明,媒体报道在改善企业ESG表现方面发挥了有效的监督作用。在解决潜在的内生性问题后,这一发现是稳健的。进一步,我们发现媒体报道通过增加分析师的关注和遏制代理成本来实现改善。我们的结果为帮助企业实现碳达峰和碳中和目标以及帮助媒体在实现可持续发展中发挥有效的监督作用提供了有效的建议。
2 作者简介
岳鹏鹏,伟德BETVLCTOR1946金融系副教授,硕士研究生导师,北京区域经济学会家庭金融青年学者专业委员会主任委员,伟德BETVLCTOR1946数字金融研究中心家庭金融研究团队负责人,中国优选法统筹法与经济数学研究会气候金融分会理事,担任International Review of Financial Analysis、Energy Economics等30余期刊审稿人,Journal of Family and Economic Issues期刊编委。
3 原文链接
https://www.sciencedirect.com/science/article/abs/pii/S1057521923005197