Environmental, Social, and Governance Performance, Platform Governance, and Value Creation of Platform Enterprises

被引:2
作者
Su, Ruixin [1 ]
Li, Na [1 ]
机构
[1] Changan Univ, Sch Econ & Management, Middle Sect Nan Er Huan Rd, Xian 710064, Peoples R China
关键词
ESG performance; platform enterprises; financial performance; platform reputation governance; platform data governance; CORPORATE FINANCIAL PERFORMANCE; RESPONSIBILITY; MEDIA; IRRESPONSIBILITY;
D O I
10.3390/su16177251
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Under the concepts of sustainable development and a sharing economy, the ESG performance of platform enterprises has played a significant role in measuring the operating status and responsible investment of platform enterprises. Platform enterprises have different typical characteristics from traditional enterprises. The mechanisms of ESG and financial performance needs to be further explored. The empirical analysis finds that: (1) the ESG performance of platform enterprises and its S index and G index has a positive impact on corporate financial performance. (2) Media attention plays a positive moderating role between the ESG and ROA. (3) Platform data governance and platform reputation governance are two internal and external paths for platform enterprises' ESG performance to improve financial performance. (4)There is heterogeneity in the relationship between ESG and ROA in terms of platform enterprise scale and platform type. Based on the above conclusions, this paper provides reference experience for the ESG governance and value creation of platform enterprises.
引用
收藏
页数:21
相关论文
共 69 条
[1]   Why and How Investors Use ESG Information: Evidence from a Global Survey [J].
Amel-Zadeh, Amir ;
Serafeim, George .
FINANCIAL ANALYSTS JOURNAL, 2018, 74 (03) :87-103
[2]   Corporate ESG reporting quantity, quality and performance: Where to now for environmental policy and practice? [J].
Arvidsson, Susanne ;
Dumay, John .
BUSINESS STRATEGY AND THE ENVIRONMENT, 2022, 31 (03) :1091-1110
[3]   The effect of SOX internal control deficiencies and their remediation on accrual quality [J].
Ashbaugh-Skaife, Hollis ;
Collins, Daniel W. ;
Kinney, William R., Jr. ;
LaFond, Ryan .
ACCOUNTING REVIEW, 2008, 83 (01) :217-250
[4]   Does it pay to be really good? addressing the shape of the relationship between social and financial performance [J].
Barnett, Michael L. ;
Salomon, Robert M. .
STRATEGIC MANAGEMENT JOURNAL, 2012, 33 (11) :1304-1320
[5]   Institutional quality and the gains from trade [J].
Borrmann, Axel ;
Busse, Matthias ;
Neuhaus, Silke .
KYKLOS, 2006, 59 (03) :345-368
[6]   Does carbon risk matter for corporate acquisition decisions?* [J].
Bose, Sudipta ;
Minnick, Kristina ;
Shams, Syed .
JOURNAL OF CORPORATE FINANCE, 2021, 70
[7]   Are CSR Disclosures Value Relevant? Cross-Country Evidence [J].
Cahan, Steven F. ;
De Villiers, Charl ;
Jeter, Debra C. ;
Naiker, Vic ;
Van Staden, Chris J. .
EUROPEAN ACCOUNTING REVIEW, 2016, 25 (03) :579-611
[8]  
Cai W.X., 2023, Financ. Theory Pract, V06, P69, DOI [10.3969/j.issn.1003-4625.2023.06.007, DOI 10.3969/J.ISSN.1003-4625.2023.06.007]
[9]   Every Little Helps? ESG News and Stock Market Reaction [J].
Capelle-Blancard, Gunther ;
Petit, Aurelien .
JOURNAL OF BUSINESS ETHICS, 2019, 157 (02) :543-565
[10]   How business strategy in non-financial firms moderates the curvilinear effects of corporate social responsibility and irresponsibility on corporate financial performance [J].
Chen, Chung-Jen ;
Guo, Ruey-Shan ;
Hsiao, Yung-Chang ;
Chen, Kuo-Liang .
JOURNAL OF BUSINESS RESEARCH, 2018, 92 :154-167