公司治理
业务
比例(比率)
企业社会责任
投资(军事)
机制(生物学)
会计
财务
政治学
认识论
物理
政治
哲学
生物
量子力学
法学
生态学
作者
Chao Li,Shusong Ba,Kejia Ma,Yueling Xu,Wenli Huang,Niyuan Huang
标识
DOI:10.1016/j.eap.2022.11.013
摘要
The effectiveness of Environmental, Social and Governance (ESG) ratings has been widely discussed in academia and is linked to corporate financial performance. However, the underlying mechanism between ESG rating events and firm innovation in developing countries has not been effectively explored. Taking Chinese A-share non-financial listed companies from 2009 to 2020 as research samples, this paper empirically studies the mechanism of ESG rating events affecting corporate innovation of listed companies. The findings are as follows :(1) ESG performance and ESG rating events with high financial investment behavior can promote corporate innovation; (2) The industrial structure, the level of property rights protection and the level of regional financial development are the main external environmental factors affecting the previous conclusion; (3) Firm scale effect and capital reservoir effect are the main internal firm factors affecting the first conclusion.
科研通智能强力驱动
Strongly Powered by AbleSci AI