企业ESG表现、独立董事与投资水平

打开文本图片集

中图分类号：F832 文献标志码：A 文章编号：1008-391X（2025）03-0183-07

Corporate ESG performance， independent directors and investment level

SHIYue，WANGXiaolin*

（Institute for Six-SectorEconomy，Fudan University， Shanghai2oo433，China）

Abstract：Regarding the relationship between companies'ESG performance，independent directors，and investment levels，this study employs empirical analysis.Using Chinese A-share listed companies from 2004 to 2021 as the research sample，it examines the relationship between ESG performance and investment levels while exploring how independent directors moderate the efectof ESG performance on investment.The findings reveal a significant positive correlation between ESG performance and investment levels.Specifically，independent directors with overseas educational backgrounds moderate this relationship，as do female independent directors. These conclusions thus provide a reference for enhancing corporate ESG performance，boosting enterprise vitality，and achieving quality and efficiency improvement.

Keywords： corporate ESG performance; investment level; independent directors; corporate vitality; quality and efficiency improvement

0 引言

ESG）理念倡导的将环境、社会和治理因素融入企业战略和决策的理念和做法，与中国的新发展理念高度契合。（剩余6825字）