ESG是否促进了企业绿色技术创新?

Will ESG Performance Drive Green Technology Innovation?

中国式现代化目标下,绿色技术创新是企业低碳转型的重要途径。通过以2011—2022年A股上市公司为样本,实证分析企业ESG对绿色技术创新的影响。研究发现,企业ESG表现能够提升其自身的绿色技术创新水平,这一影响在国有企业、东部地区企业、高科技企业内更为突出;机制分析表明,降低融资约束、提高研发投入是ESG表现推动企业提高绿色技术创新水平的两大渠道。研究结论为推动企业绿色技术创新,进一步实现高质量发展具有一定的参考价值。

Under the goal of Chinese-style modernization,green technology innovation is an important way for enterprise low-carbon transformation.Taking China′s A-share listed companies from 2011 to 2022 as the empirical research sample,the impact of ESG performance on green technology innovation was analyzed.It has found that ESG performance of enterprises can enhance their own level of green technology innovation,which is more obvious in state-owned enterprises,enterprises in the eastern region,and high-tech enterprises.Mechanism analysis shows that reducing financing constraints and increasing R&D are the two major channels for ESG performance to drive enterprises to improve their level of green technology innovation.Based on research findings,it has certain reference value for promoting green technology innovation in enterprises and further achieving high-quality development.