企业不道德行为如何影响企业绩效？

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-07-02 DOI:10.1016/j.iref.2025.104376

Ying Xu , Mengliu Zhang , Huansen Zhang , Lili Liu

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引用次数: 0

摘要

本文以2007 - 2022年中国上市公司数据为实证样本，对企业不道德行为、媒体情绪与企业绩效之间的关系进行了深入系统的研究。通过严谨的实证分析，研究发现企业不道德行为与企业绩效之间存在显著的负相关关系；媒体情绪在企业不道德行为与企业绩效的关系中起中介作用，中介效应在高新技术企业与非高新技术企业之间表现出显著的异质性。企业信息质量在企业不道德行为与企业绩效的关系中起着至关重要的调节作用。企业不道德行为与企业绩效的负相关关系在亏损企业和盈利企业之间具有显著的异质性。

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How does corporate unethical behavior affect corporate performance?

This paper uses data from Chinese listed companies from 2007 to 2022 as an empirical sample to conduct an in-depth and systematic investigation of the relationship between corporate unethical behavior, media sentiment, and corporate performance. Through rigorous empirical analysis, the study finds a significant negative correlation between corporate unethical behavior and corporate performance; media sentiment plays a mediating role in the relationship between corporate unethical behavior and corporate performance, with this mediating effect exhibiting notable heterogeneity between high-tech and non-high-tech enterprises. The quality of corporate information plays a crucial moderating role in the relationship between corporate unethical behavior and corporate performance. The negative correlation between corporate unethical behavior and corporate performance shows significant heterogeneity between loss-making and profit-making enterprises.

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来源期刊

International Review of Economics & Finance Multiple-

CiteScore

7.30

自引率

2.20%

发文量

253

期刊介绍： The International Review of Economics & Finance (IREF) is a scholarly journal devoted to the publication of high quality theoretical and empirical articles in all areas of international economics, macroeconomics and financial economics. Contributions that facilitate the communications between the real and the financial sectors of the economy are of particular interest.