绿色董事会和企业弹性

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-04-19 DOI:10.1016/j.frl.2025.107453

Siyu Huang , Zhongwei Luan , Xinyan Xie

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引用次数: 0

摘要

本文利用2015 - 2023年沪深两市a股上市公司的数据，实证检验了董事会绿色背景对公司弹性的影响及其机制。结果表明，绿色董事会显著增强了公司的弹性，这一结论得到了鲁棒性和内生性检验的支持。机制分析表明，绿色董事会可以通过缓解融资约束、推广环保理念和激励绿色创新三个主要渠道增强企业弹性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Green board of directors and corporate resilience

Using data from Chinese A-share listed firms on the Shanghai and Shenzhen Stock Exchanges from 2015 to 2023, this study empirically examines the impact of a board of directors' green background on corporate resilience and its underlying mechanisms. The results indicate that a green board of directors significantly enhances corporate resilience, a conclusion supported by robustness and endogeneity tests. The mechanism analysis reveals that a green board of directors can enhance corporate resilience through three primary channels: alleviating financing constraints, promoting environmental protection concepts, and stimulating green innovation.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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