新晋独立董事与企业ESG绩效：来自中国的证据

IF 4.8 2区经济学 Q1 BUSINESS, FINANCE

International Review of Economics & Finance Pub Date : 2025-07-10 DOI:10.1016/j.iref.2025.104432

Yiling Zhang , Dandan Li

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引用次数: 0

摘要

本研究以2013 - 2022年中国a股上市公司为样本，深入分析了新手独立董事与公司环境、社会和治理绩效之间的关系。跨行业和地区的分组分析表明，新手独立董事比例较高会通过增加代理成本来降低ESG绩效，特别是在竞争激烈、污染严重和东部地区的公司。研究发现，通过提高控股股东的股权集中度，提高信息透明度，提高具有海外经验、金融专业知识和党籍的新独立董事在集团内部的比例，可以有效缓解负面影响。本研究从非财务维度对菜鸟独立董事的研究文献进行了补充，为优化董事会结构、促进可持续发展提供了实证见解。

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Rookie independent directors and corporate ESG Performance: Evidence from China

This study deeply analyzes the association between rookie independent directors and corporate environmental, social and governance (ESG) performance using Chinese A-share listed companies from 2013 to 2022. Subgroup analyses across industries and regions show that higher proportions of rookie independent directors reduce ESG performance through the increase of agency costs, particularly in competitive, heavily polluting and eastern-region firms. The study finds that negative impacts can be effectively mitigated by increasing the ownership concentration of controlling shareholders, enhancing information transparency, and raising the proportions of rookie independent directors with overseas experience, financial expertise, and Communist Party membership within the group.This study contributes to the literature on rookie independent directors by considering non-financial dimensions and provides empirical insights for optimizing board structures and promoting sustainable development.

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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.