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Environmental science and pollution research international
Apr, 2023;30 (18): 51422-51439.

Official Turnover and Corporate ESG Practices: Evidence from China.

Youde Yang, Guanghua Xu, Ruiqian Li
Author Information
  1. Youde Yang: Nanjing University of Science and Technology No, 200 Xiaolingwei Street, Xuanwu District, Nanjing, Jiangsu, China.
  2. Guanghua Xu: Nanjing University of Science and Technology No, 200 Xiaolingwei Street, Xuanwu District, Nanjing, Jiangsu, China. xgh9007286@163.com. ORCID
  3. Ruiqian Li: Heilongjiang University No, 74 Xufu Road, Nangang District, Harbin, Heilongjiang, China.
PMID: 36809631 DOI: 10.1007/s11356-023-25828-6

Abstract

In recent years, environmental, social, and governance (ESG) have been extensive concerned. However, few studies have focused on the impact of situational factors on corporate ESG practice decisions. Based on this, using 9428 observations of Chinese A-share listed companies from 2009 to 2019, this paper attempts to explore the impact of local official turnover on corporate ESG practices, and analyzes the boundary effects of this impact from three aspects: region, industry, and corporate. Our results suggest that (1) official turnover can lead to changes in economic policies and redistribution of political resources, which can stimulate companies' "risk aversion motivation" and "development motivation" and thus promote their ESG practices; (2) this effect is more significant in the high degree of government intervention, the high level of industry competition and private corporates. (3) Further test finds that only when the official turnover abnormally and the regional economic development well, official turnover can significantly contribute to corporate ESG. This paper enriches the relevant research on the decision-making scenarios of corporate ESG practices from the macro-institutional perspective.

Keywords

China Corporate ownership ESG Government intervention Industry competition Official turnover

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Grants

  1. 21BGL096/National Social Science Fund of China

MeSH Term

China
Decision Making, Organizational
Economic Development
Environment
Government
Government Regulation
Motivation
Personnel Turnover
Professional Corporations
Risk-Taking
Socioeconomic Factors
Journal Article

Word Cloud

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