The Impact of Couple Shareholding on Corporate ESG Rating

Shuang Liang; Siyuan Wu; Zhuoya Zhang

doi:10.54097/e0jfzq44

Authors

Shuang Liang
Siyuan Wu
Zhuoya Zhang

DOI:

https://doi.org/10.54097/e0jfzq44

Keywords:

Couple Shareholding, ESG Rating, Operating Risk, Corporate Governance.

Abstract

ESG rating is the key evaluation standard for the sustainable development of enterprises, and the governance model of couple shareholding is an material driving force for enterprises to increase ESG rating. Based on the perspective of corporate governance and business risk, this paper uses the sample interval of ESG rating of A-share listed family enterprises in China from 2010 to 2021 to research the relationship between husband and wife 's joint shareholding and ESG rating. The study found that the joint shareholding of husband and wife is positively related to the ESG same time, compared with high capital-intensive enterprises, in low capital-intensive enterprises, the relationship between joint ownership of husband and wife and ESG rating is more significant. Further research finds that the capital accumulation rate can enhance the positive correlation between the ESG rating of the enterprise and the joint ownership of the husband and wife to a certain extent. Finally, couple's joint holdings can reduce the company 's operating risk, thereby enhancing the company 's ESG rating. The research in this paper has theoretical value and reference meanings for the corporate governance of family enterprises.

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