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Impact of ESG Performance on Total Factor Productivity of Enterprises: A Study Based on Listed Logistics Companies
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Xinyu GUAN, Zhidan ZHOU
Science Technology and Industry | 2025, 25(9) : 254 - 261
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Science Technology and Industry | 2025, 25(9): 254-261
Enterprise Application
Impact of ESG Performance on Total Factor Productivity of Enterprises: A Study Based on Listed Logistics Companies
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Xinyu GUAN, Zhidan ZHOU
Affiliations
  • Logistics and E-commerce College, Zhejiang Wanli University, Ningbo 315100, Zhejiang, China
Published: 2025-05-10
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ESG(environmental, social, and governance)is a research hotspot under the background of the “dual carbon” goal and high-quality development. Based on the panel data of logistics enterprises from 2012 to 2022, the impact of ESG performance on the total factor productivity (TFP) of logistics enterprises was empirically tested. It is found that ESG has a significant positive impact on the improvement of logistics enterprises’ TFP, and the effect is more prominent in non-state-owned enterprises and large-scale enterprises. Further research shows that government subsidies and enterprise innovation play a mediating role in the process. The conclusion provides suggestions for promoting the green and high-quality development of the logistics industry.

ESG(environmental, social, and governance)  /  total factor productivity  /  government subsidies  /  enterprise innovation
Xinyu GUAN, Zhidan ZHOU. Impact of ESG Performance on Total Factor Productivity of Enterprises: A Study Based on Listed Logistics Companies[J]. Science Technology and Industry, 2025 , 25 (9) : 254 -261 .
Year 2025 volume 25 Issue 9
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Article Info
  • Receive Date:2024-10-20
  • Online Date:2025-07-18
  • Published:2025-05-10
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  • Received:2024-10-20
Affiliations
    Logistics and E-commerce College, Zhejiang Wanli University, Ningbo 315100, Zhejiang, China
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表12种不同金属材料的力学参数

Family
属数
Number of
genus
种数
Number of
species
占总种数比例
Percentage of
total species (%)

Genus
种数
Number of
species
占总种数比例
Percentage of total
species (%)
鹅膏菌科Amanitaceae 2 11 5.26 鹅膏菌属 Amanita 10 4.78
小菇科 Mycenaceae 2 12 5.74 丝盖伞属 Inocybe 5 2.39
多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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