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<p>The rapid growth of social media has transformed decentralized publics into a powerful social network force, playing a critical role in driving corporate environmental, social, and governance (ESG) responsibility. This study employs econometric models to examine the impact of public attention on the ESG performance of solid waste disposal companies, with a particular focus on the tripartite interaction among the public, government, and enterprises, as well as the moderating effects of public social network characteristics. The research reveals that public attention enhances corporate ESG performance through two primary pathways: guiding governmental policy focus and stimulating green technology innovation in solid waste disposal companies, thereby establishing a virtuous interaction mechanism among stakeholders. Regarding public social network attributes, information dissemination efficiency positively moderates these effects, whereas user influence exhibits a negative moderating effect. Sub-sector analysis further indicates that public attention to community waste management and corporate environmental responsibility is particularly effective in improving ESG performance and governance in solid waste disposal companies. This study offers new insights into ESG theory and practice from the perspectives of multi-agent collaborative governance and social network dynamics.</p>

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Public attention and ESG performance of solid waste disposal companies: empirical evidence from China

  • 期刊论文

  • 发表日期：

    2025年8月13日

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  • Yana Shuai,
  • Jingjing Li,
  • Jianling Jiao,
  • Zhengguang Chen

摘要

The rapid growth of social media has transformed decentralized publics into a powerful social network force, playing a critical role in driving corporate environmental, social, and governance (ESG) responsibility. This study employs econometric models to examine the impact of public attention on the ESG performance of solid waste disposal companies, with a particular focus on the tripartite interaction among the public, government, and enterprises, as well as the moderating effects of public social network characteristics. The research reveals that public attention enhances corporate ESG performance through two primary pathways: guiding governmental policy focus and stimulating green technology innovation in solid waste disposal companies, thereby establishing a virtuous interaction mechanism among stakeholders. Regarding public social network attributes, information dissemination efficiency positively moderates these effects, whereas user influence exhibits a negative moderating effect. Sub-sector analysis further indicates that public attention to community waste management and corporate environmental responsibility is particularly effective in improving ESG performance and governance in solid waste disposal companies. This study offers new insights into ESG theory and practice from the perspectives of multi-agent collaborative governance and social network dynamics.