文献类型：期刊文献

英文题名：Supply chain vertical common ownership and firm ESG performance

作者：Wang, Chao[1];Long, Rui[2];Yang, Zheng[2,3]

机构：[1]East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China;[2]Shanghai Univ Finance & Econ, Coll Business, Shanghai, Peoples R China;[3]Shanghai Univ Finance & Econ, Coll Business, 777 Guoding Rd, Shanghai 200433, Peoples R China

年份：2026

外文期刊名：APPLIED ECONOMICS LETTERS

收录：;WOS:【SSCI(收录号:WOS:001698621800001)】；

基金：This work was supported by the National Natural Science Foundation of China [72503063] and Shanghai Soft Science Research Youth Project [25692116000].

语种：英文

外文关键词：Vertical common ownership; supply chain; ESG; production network

摘要：Using supplier-customer relationships and shareholder data from Chinese listed firms, we construct a panel regression model to examine the impact of vertical common ownership (VCO) on corporate environmental, social, and governance (ESG) performance. Our results show that VCO significantly improves suppliers' ESG outcomes, primarily through interest alignment and information sharing between vertically linked firms. This effect is particularly pronounced when supply chains experience frequent customer turnover or lack shared managerial ties.