ESG表现、新质生产力与制造业企业供应链韧性
ESG performance, new quality productivity and supply chain resilience of manufacturing enterprises
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摘要: 新发展格局下,不断提升制造业供应链韧性是实现产业转型升级和推动经济高质量发展的关键.本研究旨在研究环境、社会和公司治理(ESG)表现对制造业企业供应链韧性的作用效果.基于2012-2023年沪深两市A股制造业上市公司数据,实证检验ESG表现对制造业企业供应链韧性水平的作用机制.结果显示,ESG表现能够显著提高制造业企业供应链韧性.机制检验结果表明,新质生产力在ESG表现促进制造业企业供应链韧性发展的过程中发挥了中介作用.异质性检验发现,ESG表现对高科技企业、非劳动密集型企业供应链的韧性的推动作用更为显著.为持续提升制造业供应链韧性水平,应重视ESG理念,加大资源投入;持续推动新质生产力发展,促进制造业供应链数字化转型.Abstract: Under the new development paradigm, enhancing the resilience of the manufacturing supply chain is crucial for achieving industrial transformation and upgrading, as well as fostering high-quality economic development. The experiment is designed to explore the impact of environmental, social, and corporate governance (ESG) performance on the resilience of manufacturing enterprises’ supply chains. Drawing on data from A-share manufacturing listed companies in the Shanghai and Shenzhen stock markets spanning from 2012 to 2023, this article empirically examines the mechanism through which ESG performance influences the enhancement of supply chain resilience among manufacturing enterprises. The findings reveal that ESG performance can markedly boost the resilience of manufacturing enterprises’ supply chains. Mechanism testing further indicates that new-quality productivity serves as a mediator in the process of ESG performance fostering the resilience development of manufacturing enterprises’ supply chains. Heterogeneity analysis shows that ESG performance has a more pronounced driving effect on the supply chain resilience of high-tech and non-labor-intensive enterprises. To sustainably elevate the resilience of the manufacturing supply chain, it is imperative to prioritize ESG principles and increase resource allocations; furthermore, efforts should be made to continuously propel the development of new-quality productivity and facilitate the digital transformation of the manufacturing supply chain.
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