ESG表现对于制造业就业影响研究来自A股上市公司的证据

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中图分类号：F832.51；F249.2 文献标识码：A doi：10.3969/j.issn.1672-2272.202504043

Research on the Impact of ESG Performance on Manufacturing Employment： Evidence from A-Share Listed Companies

Zhang Jianxun1² ，Zhou Xiaomengl （1. School of Finance，Xinjiang University of Finance and Economics，Urumqi 83ool2，China） （2. Xinjiang Collaborative Innovation Research Center for Finance and Finance，Urumqi 83ool2，China）

Abstract：The concept of ESG is highly consistent with China’s new development concept，and has gradually become a key strategy to promote high-quality economic development. From the perspective of manufacturing，this paper analyzes the relationship between the ESG performance of manufacturing enterprises and their employment level by taking China’s A-share listed manufacturing enterprises from 2009 to 2O22 as a research sample. Research shows that improved ESG performance has significantly improved employment levels in manufacturing firms. The mechanism test shows that ESG performance improves the employment level of manufacturing enterprises through two mechanisms： the effect of production scale expansion and the alleviation of financing constraints. Heterogeneity analysis shows that the efect of ESG advantages in promoting employment in manufacturing enterprises is more significant in the central and western regions，state-owned enterprises and labor-intensive enterprises.This paper highlights the positive impact of ESG performance on the employment level of manufacturing enterprises，and provides a policy reference for achieving the goal of high-quality and full employment in China.

Key Words：ESG Performance；Manufacturing Companies；Employment Impact

0 引言

近年来，全球范围内的气候变化、公共卫生事件、核污水排放和地区冲突等问题层出不穷，使得可持续性发展理念逐渐成为全球共同关注的焦点。（剩余13044字）