摘要
在国家碳中和大背景下,中国企业发展面临着温室气体的排放问题。企业管理者开始关注企业履行社会责任、碳排放强度对公司价值的影响。为了探究企业社会责任、碳排放强度与公司价值三者之间的关系,以2019年中国财富榜百强上市公司为研究对象,选择2017—2019年的面板数据为样本,运用多元回归模型实证检验了碳排放强度在企业社会责任与公司价值之间的中介效应。研究结果显示:企业社会责任并非直接影响公司内部价值,碳排放强度在企业社会责任与公司内部价值之间存在中介效应,中介效应值为57.87%。
In the context of national carbon neutrality, Chinese enterprises are facing the issue of greenhouse gas emissions in their development. Company managers began to pay attention to the impact of corporate social responsibility and carbon emission intensity on corporate value. In order to explore the relationship between corporate social responsibility, carbon emission intensity, and company value,we take the top 100 listed companies of China’s Fortune List in 2019 as the research object, select their panel data from 2017 to 2019 as samples, and use multiple regression models to empirically Tested the mediating effect of carbon emission intensity between corporate social responsibility and corporate value. The research results show that corporate social responsibility does not directly affect the internal value of the company. There is a mediating effect between corporate social responsibility and the internal value of carbon emissions, and the mediating effect value is 57. 87%.
作者
吕靖烨
方夕然
LYU Jingye;Fang Xiran(Xi’an University of Science and Technology,School of Management,Xi'an 710054,China)
出处
《煤炭经济研究》
2021年第8期30-37,共8页
Coal Economic Research
基金
国家社科基金一般项目(20BJY076)
博士后启动基金(8250119003)。
关键词
企业社会责任
碳排放强度
公司价值
中介效应
上市公司
corporate social responsibility
carbon emission intensity
company value
intermediary effect
listed company
