ESG表现对企业投资效率的影响研究文献综述
A Literature Review of Study on the Impact of ESG Performance on Corporate Investment Efficiency
DOI: 10.12677/fia.2025.143073, PDF,   
作者: 刘明豪：北方工业大学经济管理学院，北京
关键词: ESG表现；企业投资效率；文献综述；ESG Performance； Enterprise Investment Efficiency； Literature Review
摘要: 本文系统梳理了ESG表现与企业投资效率关系的研究进展。现有研究表明，良好的ESG表现通过降低融资成本、优化治理结构和提升信息透明度等渠道显著提升企业投资效率，但其作用效果存在行业和所有制异质性。中国情境下的研究特别关注ESG实践与“双碳”目标等国家战略的协同效应。尽管研究取得了重要进展，但仍面临评价标准不统一、长期动态影响研究不足等挑战。未来研究应着力构建本土化ESG评价体系，深入剖析作用机理，为高质量发展提供理论支撑。
Abstract: This article systematically reviews the research progress on the relationship between ESG performance and corporate investment efficiency. Existing studies show that good ESG performance significantly enhances corporate investment efficiency through channels such as reducing financing costs, optimizing governance structures, and improving information transparency. However, the effect varies across industries and ownership types. Research in the Chinese context particularly focuses on the synergy between ESG practices and national strategies such as the “dual carbon” goals. Despite significant progress in research, the research still faces challenges such as inconsistent evaluation standards and insufficient long-term dynamic impact studies. Future research should focus on building a localized ESG evaluation system and deeply analyzing the underlying mechanisms to provide theoretical support for high-quality development.
文章引用：刘明豪. ESG表现对企业投资效率的影响研究文献综述[J]. 国际会计前沿, 2025, 14(3): 636-642. https://doi.org/10.12677/fia.2025.143073

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