A study of the impact of corporate ESG performance on corporate organizational resilience
Chen Yunqiao
Guo Aoxia
Abstract：As a method and path for enterprises to achieve sustainable development goals,ESG has gradually received more stakeholders'attention under the requirements of sustainable development goals in recent years and has an impact on the organizational toughness of enterprises.Taking the A-share listed companies in Shanghai and Shenzhen from 2009 to 2022 as samples,based on the stakeholder theory,we explore the effect of corporate ESG on organizational resilience from the overall performance of corporate ESG and the performance of each individual indicator.The study shows that the overall performance of corporate ESG can promote its organizational resilience,the sub-indicators of social responsibility S and corporate governance G also have a positive effect on corporate organizational resilience,while environmental protection E fails to bring about organizational resilience enhancement.In the heterogeneity analysis,it is found that ESG performance of firms with poor internal control has a stronger significance on organizational toughness compared to firms with good internal control.Further mechanism exploration reveals that corporate ESG performance can promote organizational toughness enhancement by alleviating financing constraints.
Keywords：ESG performanceorganizational resiliencestakeholdersfinancing constraintsinternal controls
Publication Date：2023-09-20
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：10( 103-112 )