基于ESG表现对上市公司绿色转型的影响研究

Research on the Impact of ESG Performance on Green Transformation of Listed Companies

ESG评级是环境、社会和治理三个基于价值的评估因素,ESG评级可以促进企业绩效的提高。文章结合2008年-2021年76651家上市公司的数据,以上市公司绿色专利申请数据为企业绿色转型程度的指标,建立数学模型来考察ESG表现对于企业绿色转型的影响。研究结果发现ESG表现更好企业绿色转型程度更深,企业就会有更多的绿色专利。同时通过作用机制分析得出了ESG表现会增加上市公司的研发投入和政府补助来进一步促进企业绿色转型。

ESG rating is the three value-based assessment factors of environment,society and governance.ESG rating can pro-mote the improvement of enterprise performance.Based on the data of 76,651 listed companies from 2008 to 2021,this paper takes the green patent application data of listed companies as an indicator of the degree of green transformation of enterprises,and estab-lishes a mathematical model to investigate the impact of ESG performance on the green transformation of enterprises.The research re-sults show that the green transformation degree of enterprises with better ESG performance is deeper,and the enterprises will have more green patents.At the same time,through the mechanism analysis,it is concluded that ESG performance will increase the R&D investment and government subsidies of listed companies to further promote the green transformation of enterprises.