供应链集中度、供应链数字化与企业ESG表现

Supply Chain Concentration, Supply Chain Digitalization and Enterprise ESG Performance

摘要: 在社会化分工不断深化和ESG理念深入推进的背景下，探讨供应链关系对ESG表现具有重要作用。文章选取2015~2023年中国A股制造业上市公司作为研究样本，研究发现：第一，供应链集中度会抑制企业ESG表现，在经过稳健性检验后，结果依旧显著；第二，供应链数字化可以缓解供应链集中度对企业ESG表现的抑制作用。第三，供应链集中度通过增加企业资金约束和增加供需不平衡从而抑制企业ESG表现；第四，该抑制作用在供应链交易关系弱、供应链运营环境差的样本中更为显著。研究结论不仅丰富了企业ESG表现影响因素的研究，还为应对供应链风险和加快供应链数字化建设提供理论基础。

Abstract: Under the background of deepening social division of labor and deepening of ESG concept, discussing supply chain relationship plays an important role in ESG performance. This paper selects China’s A-share manufacturing listed companies from 2015 to 2023 as research samples, and finds that: first, supply chain concentration will inhibit the ESG performance of enterprises, and the results are still significant after the robustness test; Second, supply chain digitalization can alleviate the inhibitory effect of supply chain concentration on enterprise ESG performance. Thirdly, supply chain concentration inhibits ESG performance by increasing financial constraints and supply-demand imbalance. Fourthly, the inhibitory effect is more significant in the samples with weak supply chain transaction relations and poor supply chain operation environment. The research conclusions not only enrich the research on the influencing factors of ESG performance of enterprises, but also provide a theoretical basis for coping with supply chain risks and accelerating the construction of supply chain digitalization.