| Issue |
SHS Web Conf.
Volume 196, 2024
2024 International Conference on Economic Development and Management Applications (EDMA2024)
|
|
|---|---|---|
| Article Number | 03006 | |
| Number of page(s) | 9 | |
| Section | Management Applications | |
| DOI | https://doi.org/10.1051/shsconf/202419603006 | |
| Published online | 26 August 2024 | |
Research on the Coupling and Synergistic Development of Corporate ESG Performance and OFDI
Hefei University of Technology
The demand for corporate green governance competence has significantly increased in the international market in recent years, with the disclosure of corporate ESG information emerging as a crucial public concern. This study employs a coupling coordination degree model to investigate the mutually beneficial relationship between corporate ESG factors and OFDI in the Shanghai and Shenzhen A-share markets. The findings reveal: (1) a strong level of coupling coordination between corporate ESG performance and OFDI development, (2) a growth pattern in the interconnected coordination between corporate ESG performance and OFDI during 2010-2012, followed by a decline in 2012-2016, and subsequent recovery post-2016, and (3) a coupling coordination degree pattern of “East Central > West > Northeast”. This paper introduces three innovations: firstly, it extends beyond previous research by examining the relationship between ESG and OFDI bidirectionally; secondly, it utilizes the physical capacity coupling coordination degree model to assess the synergy level between corporate ESG performance and OFDI; and finally, it discusses the evolution mechanism and spatial distribution characteristics of the coupling coordination degree between corporate ESG performance and OFDI.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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