Exploring the Complex Causal Association between Security Risk and ESG Performance in E-Commerce Firms

本论文聚焦电商企业，深入探究安全风险与ESG表现之间的复杂因果关联。通过对12家国内外上市电商企业2018~2023年的数据进行定量分析与典型案例研究，验证了安全风险事件对ESG评分的显著负向影响，以及高ESG表现企业在抵御安全风险方面的优势。研究结果表明，电商企业安全风险与ESG表现存在双向因果关系，为企业平衡风险管理与可持续发展提供了理论依据与实践指导。This dissertation focuses on e-commerce companies to explore the complex causal association between security risk and ESG performance. By quantitatively analyzing the data of 12 domestic and international listed e-commerce enterprises from 2018~2023 with typical case studies, it verifies the significant negative impact of security risk events on ESG scores and the advantages of high ESG-performing enterprises in withstanding security risks. The findings show that there is a bidirectional causal relationship between security risk and ESG performance in e-commerce enterprises, which provides a theoretical basis and practical guidance for enterprises to balance risk management and sustainable development.