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 : : 期刊全文 : : |
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ESG表现对体育企业价值的影响：企业创新能力的中介效应
白怡珺，陈刚，朱冀，白震 |
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浏览次数 176 
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| (1.武汉体育学院 体育战略与政策研究中心，湖北 武汉 430076； 2.河南大学 体育与健康研究所，河南 开封 475001) 摘 要：采用79家A股体育上市公司2018—2022年的面板数据，实证检验ESG表现对体育企业价值的影响，并探究体育企业创新能力在两者间的中介作用。研究发现：良好的ESG表现可以显著提升体育企业价值，且体育企业创新能力在二者间起到中介作用，即良好的ESG表现在增强体育企业技术创新能力的同时对体育企业价值提升作用会更加显著。异质性检验发现，ESG表现对体育用品和体育服务两类公司的企业价值依然都有显著的正向促进作用。研究认为，体育企业应积极践行ESG发展理念，这有利于体育企业完成“双碳”目标，实现可持续发展与高质量发展；有利于体育企业提升综合实力，实现企业价值；更有利于推动体育产业发展，形成经济发展的良性循环。关 键 词：体育企业价值；环境、社会、公司治理；企业创新能力；中介效应中图分类号：G80-05 文献标志码：A 文章编号：1006-7116(2024)03-0072-07
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The impact of ESG performance on the sports enterprise value: The mediating effect of enterprise innovation ability
BAI Yijun，CHEN Gang，ZHU Ji，BAI Zhen |
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| (1.Sports Strategy and Policy Research Center，Wuhan Sports University，Wuhan 430076，China；2.Sports and Health Research Institute，Henan University，Kaifeng 475001，China) Abstract: This paper empirically examines the impact of ESG performance on sports enterprise value and explores the influence of sports enterprise innovation ability in the mediating role between them, through using the panel data of A-share sports listed companies from 2018-2022. It is found that good ESG performance could significantly enhance the value of sports enterprises, and also found that the innovation ability of sports enterprises plays a mediating role between them, namely the good ESG performance in enhancing the technological innovation ability of sports enterprises while enhancing the value of sports enterprises will be more significant. After testing the heterogeneity, it is found that ESG performance still has a significant positive effect on the enterprise value of both sporting goods and sports services companies. Given those, this paper concludes that sports enterprises should actively practice the concept of ESG development, which is conducive to sports enterprises to complete the "double carbon" goal, to achieve sustainable development and high-quality development; is conducive to help sports enterprises enhance the comprehensive strength and also realize the value of the enterprise; and is more conducive to promote the development of the sports industry, and then forming a virtuous cycle of economic development. Keywords: sports enterprise value；environment, society, corporate governance；enterprise innovation ability；mediating effect
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