External Climate Information Pressure and Corporate <scp>ESG</scp> Performance: How Public Climate Risk Attention Shapes Sustainability Strategy
外部気候情報圧力と企業のESGパフォーマンス：公衆の気候リスク関心がサステナビリティ戦略を形成するメカニズム (AI 翻訳)
Xiaodong Yang, Grzegorz Mentel, U. Shahzad, Pu Hao, László Vasa
🤖 gxceed AI 要約
日本語
本研究は中国A株非金融上場企業の2011～2023年のパネルデータを用い、公衆の気候リスク関心が企業のESGパフォーマンスに与える影響を検証した。結果、気候リスクへの公衆の関心の高まりは企業のESGパフォーマンスを有意に向上させること、その効果は女性役員比率、経営者能力、政治コネクションによって強化されることを示した。また非国有企業、東部地域、競争的産業で効果が顕著である。
English
Using panel data from Chinese non-financial A-share listed firms (2011-2023), this study empirically shows that heightened public climate risk attention significantly improves corporate ESG performance. The effect is strengthened by female executive representation, managerial ability, and political connections. Heterogeneity tests reveal stronger effects in non-state-owned enterprises, eastern regions, and competitive industries, highlighting the role of informal institutional pressures.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本企業にとっても、投資家やメディアによる気候リスクへの注目がESG行動を促進する可能性を示唆。SSBJや有報での気候関連開示が進む中、公衆の関心が企業行動に与える影響を理解することは、非制度的圧力の重要性を認識する上で参考になる。
In the global GX context
This paper contributes to the global understanding of how public climate risk attention can serve as an external driver of corporate ESG performance, complementing formal regulations like TCFD and ISSB. It underscores the importance of informal institutional pressures in shaping sustainability strategies, which is relevant for companies and policymakers in any jurisdiction.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the role of public attention as an external driver of ESG, with moderating effects of firm characteristics.
🏢実務担当者:Suggests that corporate sustainability teams should monitor public climate risk attention as a factor that can influence ESG outcomes and consider building capabilities to respond.
🏛政策担当者:Indicates that fostering public awareness and engagement on climate risks can complement regulatory approaches to improve corporate environmental performance.
📄 Abstract（原文）
ABSTRACT Against the background of escalating global climate risks and deepening the sustainable development agenda, the public is paying increasing attention to climate change, and the impact on corporate environmental behavior through channels such as information search and public discourse is increasing. This study employs panel data from Chinese non‐financial A‐share listed companies between 2011 and 2023, utilizing a multidimensional fixed‐effects model to examine the impact of public climate risk attention on corporate ESG performance. Empirical findings reveal that heightened public climate risk attention significantly improves corporate ESG performance, underscoring the growing role of informal institutional pressures as drivers of sustainable corporate governance. This catalytic effect is moderated by three key organizational characteristics: female executive representation, managerial ability, and political connections, which respectively enhance the governance role of public attention by shaping the firm's risk perception capabilities, resource integration capabilities, and institutional adaptation capabilities. Heterogeneity tests reveal that the impact of public attention on corporate environmental behavior is more pronounced in non‐state‐owned enterprises, firms in eastern regions, and companies in competitive industries, indicating that this influence is highly contingent on market and institutional environments. Our findings contribute to a broader understanding of external drivers of ESG behavior and provide support for constructing green governance systems based on public participation.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1002/csr.70591first seen 2026-05-17 07:19:22 · last seen 2026-05-20 05:16:20
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