Equity incentives, multidimensional capabilities and corporate ESG performance

被引：0

作者：

Zhang, Chuanbing ^{[1
]}

Ge, Liming ^{[2
,3
]}

Wu, Sirui ^{[4
]}

Lin, Weifen ^{[5
]}

Xu, Zheng ^{[6
]}

Hu, Tianen ^{[2
]}

机构：

[1] Lanzhou Univ, Sch Econ, Lanzhou, Peoples R China

[2] Shanghai Jiao Tong Univ, Natl Inst Strateg Studies, Antai Coll Econ & Management, Shanghai 200030, Peoples R China

[3] Shanghai Jiao Tong Univ, Antai Coll Econ & Management, Data Driven Management Decis Making Lab, Shanghai, Peoples R China

[4] Shanghai Univ Finance & Econ, Sch Accountancy, Shanghai, Peoples R China

[5] Shanghai Univ Finance & Econ, Sch Urban & Reg Sci, Shanghai, Peoples R China

[6] Party Sch CPC Jiangsu Comm, Dept Econ, Nanjing, Peoples R China

来源：

APPLIED ECONOMICS LETTERS | 2025年

关键词：

Equity incentives; multidimensional capabilities; ESG; research report; Q56; G30; M48;

D O I：

10.1080/13504851.2025.2495174

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study utilizes data from listed firms in China from 2012 to 2021 and the findings are as follows. Equity incentives are an effective means of improving ESG performance. They enhance multidimensional capabilities, including production capacity, innovation capability, digital capability, and sustainability, which collectively contribute to improving the ESG performance. Additionally, nonlinear effects were observed, whereby equity incentives have a greater impact in improving ESG performance beyond a single threshold value. These findings provide empirical support for enterprises to formulate equity incentive policies to improve ESG performance. Therefore, companies should increase the proportion of equity incentives and enhance multidimensional capabilities.

引用

页数：6

共 14 条

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