874 
1413环境信息公开能够通过构建包含政府监管、企业自律与社会监督的多元主体协同治理体系，有效推动企业的绿色转型，从而促进经济高质量发展。文章在解析环境信息公开如何引致利益相关者调整行为策略，进而重塑企业成本与收益结构的基础上，构建了一个集外部压力、内部激励、多元主体协同效应于一体的综合性分析框架，并利用沪深A股上市公司数据，考察了环境信息公开对企业ESG表现的影响及作用机制。研究发现：第一，环境信息公开程度的提升对企业ESG表现具有显著的正向影响；第二，环境信息公开能够借助地方政府和社会公众的力量，形成对企业强有力的外部监督，进而提升企业的ESG表现；第三，环境信息公开能够倒逼企业采取一系列内部激励措施，包括开展绿色技术创新、聘任具有社会责任认同感的环保高管以及完善员工职业健康保障体系，进而提升企业的ESG表现；第四，多元主体间的协同机制能够强化环境信息公开对企业ESG表现的提升效应。文章的研究不仅为理解环境规制与企业绿色转型之间的内在联系提供了新的理论视角，也为完善环境信息披露制度、推动经济高质量发展提供了重要的决策参考。
环境信息公开与企业ESG表现：外部压力、内部激励与协同效应
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本论文包含如下附件：
| 序号 | 标题 | 大小 | 查看/下载 |
|---|---|---|---|
| 1 | 2009-2019年A股上市公司外部压力机制（环境治理强化效应、公众行为驱动效应） | 672.0 (KB) |  |
| 2 | 2009-2019年A股上市公司PITI指数 | 307.1 (KB) | |
| 3 | 2009-2019年A股上市公司控制变量（企业规模、总资产收益率、财务杠杆、企业年龄、、董事会规模、经营现金流、独立董事比例、固定资产比率、地区经济发展水平、地区产业结构、地方政府财政支出、地区市场化程度） | 2063.9 (KB) | |
| 4 | 2009-2019年A股上市公司内部激励机制（绿色技术创新效应、治理优化效应、福利增进效应） | 1388.1 (KB) | |
| 5 | 2009-2019年A股上市公司ESG评级 | 1371.5 (KB) | |
| 6 | 2009-2019年A股上市公司协同效应（政府强制性环境信息公开、社会公众环境关注度、环境信息披露指数、更换政府强制性环境信息公开制度的代理变量） | 1140.9 (KB) | |
| 7 | 2009-2019年A股上市公司PITI的工具变量 | 333.5 (KB) | |
| 8 | 数据及程序代码 | 21784.3 (KB) |  |
| 9 | 附录 | 560.2 (KB) |  |
引用本文
唐茂钢, 王涛, 邵帅. 环境信息公开与企业ESG表现：外部压力、内部激励与协同效应[J]. 财经研究, 2026, 52(5): 154-168.
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