ESG表现对A股企业OFDI投资规模的影响OACHSSCD
The Impact of ESG Performance on the OFDI Scale of A-Share Listed Companies:From an Innovation Perspective
伴随着国际社会的可持续发展,企业对环境、社会和公司治理(ESG)的重视以及由此构建的ESG优势,可能成为推动跨国公司对外直接投资(OFDI)的新型竞争优势.为此,文章以2010-2024年A股上市公司为样本,尝试探究了ESG优势对中国A股上市企业OFDI的影响及其作用机制,同时指出ESG优势能够显著而稳健地提升上市企业对外投资的可能性和规模.机制分析表明,ESG优势能通过提高企业的创新能力进而提升企业的OFDI活动.
With the sustainable development of the international community,the emphasis that compa-nies place on environmental,social and governance factors(ESG)and the ESG advantages built on them may become a new competitive advantage to promote outbound direct investment(OFDI)by multinational corporations.To this end,this article uses A-share listed companies from 2010 to 2024 as a sample to explore the impact of ESG advantages on OFDI of Chinese A-share listed companies and its mechanism of action,and points out that ESG advantages can significantly and steadily increase the possibility and scale of outbound investment by listed companies.Mechanism analysis shows that ESG advantages can enhance enterprises'OFDI activities by improving their innovation capabilities.
丁垲袭;周艳军
上海第二工业大学经济与管理学院,上海 201206上海第二工业大学经济与管理学院,上海 201206
管理科学
对外直接投资可持续发展ESG创新能力
outward direct investmentsustainable developmentESGinnovation capability
《上海管理科学》 2026 (2)
54-59,6
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