以 2010—2022 年 A 股上市公司为样本, 在供应链整合背景下考察环境、社会和治理(environment、social and governance, ESG) 在供应链上的溢出效应. 研究发现: 供应商和客户 ESG 水平能够提升企业 ESG 水平; ESG 的溢出效应主要通过管理知识资源、资金资源和技术资源共享 3 个渠道发挥作用; 对非国有企业和市场化程度较高的地区企业而言, ESG 的溢出效应更为明显. 该研究对执行我国维护供应链安全的战略决策有重要的参考价值, 对推动上市公司高质量发展具有借鉴意义.

A-share listed companies from 2010 to 2022 as a sample was used to investigate the spillover effect of ESG (environment、social and governance) on supply chain in the context of supply chain integration. The results showed that the ESG levels of suppliers and customers could improve the ESG levels of enterprises. The ESG spillover effect mainly occured through three channels: management knowledge resources, capital resources and technology resources sharing. For non-state-owned enterprises and regional enterprises with a higher degree of marketization, the spillover effect of ESG was more obvious. This study has important reference value for implementing strategic decision to maintain supply chain security in China, and is significant for promoting the high-quality development of listed companies.