德勤－复旦会计论坛系列212期讲座信息
时 间：2023年 11月21日（周二）下午1:30
地 点：史604教室
主持人：金超 青年副研究员
报告人：Lisa Chengzhu Sun, Assistant Professor (The Hong Kong Polytechnic University)
题 目：Flight to ESG Transparency: Evidence from Foreign Government Procurement Contracts
摘 要：This study examines whether improved environmental, social, and governance (ESG) transparency enhances firms’ competitiveness for foreign government procurement contracts. Exploiting the staggered adoption of mandatory ESG disclosure requirements across countries, we find that, following the ESG disclosure mandate, firms in the treated countries are more likely to receive foreign governments’ procurement contracts and contracts with higher values than their counterparts in the control countries. This effect is more pronounced for green contracts, suppliers with enhanced ESG disclosure quality after the mandate, and purchasing governments exhibiting a higher degree of ESG consciousness. Moreover, the effect is stronger when suppliers face more intensive competition. Channel tests indicate that the ESG disclosure mandate affects global allocation of government procurements through two channels: increased ESG disclosure and improved ESG performance. Our findings shed light on the role of ESG transparency in contracting with foreign governments.
会计学系
2023-11-16
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