ESG Performance of Chinese Manufacturing Firms: Does State Ownership Matter?

• 영문명: ESG Performance of Chinese Manufacturing Firms: Does State Ownership Matter?
• 발행기관: 한국무역연구원
• 저자명: Jingshi Xu Soonkyoo Choe He Jin
• 간행물 정보: 『무역연구』제19권 제5호, 55~74쪽, 전체 20쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2023.10.31

영문 초록

Purpose - This research aimed to delve into the intricate relationship between government ownership and the corporate sustainability of firms operating within emerging economies, with a particular focus on several key firm-level characteristics such as international experience, the foreign backgrounds of top management teams, and capacity in research and development (R&D). By examining these attributes, the research sought to provide insights into the pivotal role that ownership type plays in shaping the sustainable performance of firms in emerging markets. Design/Methodology/Approach - This study empirically investigated Environmental, Social, and Governance (ESG) performance and firm-level characteristics of Chinese listed manufacturing firms from 2010 to 2018. Findings - The empirical results showed that government ownership had a significant positive impact on the ESG performance of emerging-market firms, and that the international experience of the firms as well as top manager overseas experience further strengthened this relationship, whereas their inputs in R&D showed no significant influence. Research Implications - This paper examined the impact of government ownership identity on firm sustainability outcomes. Our findings reveal significant distinctions in ESG performance between state-owned and privately-owned firms. This study contributes to corporate sustainability literature by investigating the influence of organizational ownership identity and firm-specific heterogeneity on ESG outcome within the emerging economy context.

목차

Ⅰ. Introduction

Ⅱ. Theoretical Background and Conceptual Framework

Ⅲ. Hypothesis Development

Ⅳ. Empirical Method and Data

Ⅴ. Results

Ⅵ. Conclusion and Discussion

References

키워드

Emerging Market Firms ESG performance Internationalization Ownership Type State-Owned Enterprises Top Management Team