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Does ESG Performance Promote High-Quality Development of Enterprises in China? The Mediating Role of Innovation Input
Content Provider | MDPI |
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Author | Ge, Ge Xiao, Xiang Li, Zhenzhu Dai, Qinghui |
Copyright Year | 2022 |
Description | Environmental, Social and Governance (ESG) concept has internal consistency with the high-quality development of China’s economy theoretically, and implementing ESG concept is an important way to achieve sustainable economic development. However, whether ESG performance can promote the high-quality development from the perspective of micro enterprises is rarely studied. Thus, we explore the impact and mechanism of ESG performance on enterprises’ high-quality development. The empirical results indicate that good ESG performance is conducive to promoting high-quality development of enterprises. Environmental performance and social performance can promote high-quality development of enterprises more than corporate governance performance. The mechanism results show that innovation input plays a medicating role between ESG performance and enterprises’ high-quality development. The additional analysis suggest that the promoting effect is more obvious in state-owned enterprises, environmentally sensitive enterprises and enterprises with less financing constraints. This study has enlightenment significance for enterprises to value ESG performance and government departments to formulate relevant policies. |
Starting Page | 3843 |
e-ISSN | 20711050 |
DOI | 10.3390/su14073843 |
Journal | Sustainability |
Issue Number | 7 |
Volume Number | 14 |
Language | English |
Publisher | MDPI |
Publisher Date | 2022-03-24 |
Access Restriction | Open |
Subject Keyword | Sustainability Information and Library Science Esg High-quality Development Innovation Input Sustainable Development |
Content Type | Text |
Resource Type | Article |