Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24–26, 2024, Jinan, China

Research Article

Research on the Relationship between Government Subsidies and ESG Performance of Medicine Manufacturing Enterprises: Based on the Perspective of Internal Control

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  • @INPROCEEDINGS{10.4108/eai.24-5-2024.2350113,
        author={Zhuo  Sun and Shangjin  Li and Mengqiu  Wang},
        title={Research on the Relationship between Government Subsidies and ESG Performance of Medicine Manufacturing Enterprises: Based on the Perspective of Internal Control},
        proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China},
        publisher={EAI},
        proceedings_a={MSEA},
        year={2024},
        month={10},
        keywords={government subsidies; esg performance; internal control; pharmaceutical manufacturing industry},
        doi={10.4108/eai.24-5-2024.2350113}
    }
    
  • Zhuo Sun
    Shangjin Li
    Mengqiu Wang
    Year: 2024
    Research on the Relationship between Government Subsidies and ESG Performance of Medicine Manufacturing Enterprises: Based on the Perspective of Internal Control
    MSEA
    EAI
    DOI: 10.4108/eai.24-5-2024.2350113
Zhuo Sun1,*, Shangjin Li1, Mengqiu Wang1
  • 1: Zhejiang International Studies University
*Contact email: sunzhuo@zisu.edu.cn

Abstract

High quality economic development cannot be achieved without the fulfillment of government and corporate responsibilities. ESG is highly in line with global development requirements, and promoting ESG concepts has important strategic significance. Based on this, this article selects pharmaceutical manufacturing listed companies from 2018 to 2022 as the research object, and uses regression analysis methods to explore the impact of government subsidies on the ESG performance of pharmaceutical manufacturing enterprises from the perspective of internal control. government subsidies can improve corporate ESG performance, and internal controls play a partial mediating role. Besides that, government subsidies have a more significant promoting effect on the ESG performance of non-state-owned pharmaceutical manufacturing enterprises.