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| Research on the Impact of Industry Associations Connection on ESG Performance of Enterprises |
| WANG Haojun，SONG Tiebo，HUANG Jianbin |
| 1. South China University of Technology, Guangzhou，China；2. China Southern Power Grid Energy Development Research Institute, Guangzhou，China |
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Abstract This study selects A-share listed companies from 2009 to 2021 as research samples, and analyzes the mechanism of the influence of industry associations connection on ESG performance from the perspective of institutional logic theory. This study finds that industry associations connection can significantly improve the ESG performance. And the higher the association intensity, the higher the association level and the connection of the president of the industry association have a more significant effect on the improvement of enterprise ESG performance. Furthermore, the mechanism test shows that industry associations connection improves enterprise ESG performance by reducing the perception of uncertainty，improving management integrity and curbing negative ethical behavior of executives, and this enhancement effect is more significant in non-state owned and non-government affiliated companies, as well as companies with higher media attention and analyst attention. The analysis of the economic consequences shows that improving enterprises’ ESG performance can help drive “increased quantity and quality” of corporate green innovation.
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Received: 12 July 2023
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