Minimum wage level and corporate ESG performance

被引：0
|
作者：
Zhang, Min [1 ]
Wu, Dan [2 ]
Huang, Gongcheng [3 ]
机构：
[1] Xian Univ Finance & Econ, Res Ctr Modern Enterprise Management, Sch Business, Xian 710100, Shaanxi, Peoples R China
[2] Zhejiang Chinese Med Univ, Sch Humanities & Management, Hangzhou 311402, Zhejiang, Peoples R China
[3] Jibangbang Business Sch, Hangzhou 310014, Zhejiang, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2024年 / 67卷
关键词：
Minimum wage level; ESG performance; Productivity;
D O I：
10.1016/j.frl.2024.105783
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper explores the cost-effectiveness of minimum wage level and their relationship with corporate ESG performance from a theoretical perspective and empirically examines their impact on corporate ESG performance. The study finds that minimum wage level significantly promotes corporate ESG performance, even after considering endogeneity issues. Moreover, the impact of minimum wage level on corporate ESG performance varies across different geographical locations. The mechanism analysis reveals that minimum wage level primarily enhances corporate ESG performance by improving productivity.
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页数：8
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