EFFECT OF ESG PERFORMANCE ON CORPORATE GREEN TECHNOLOGY INNOVATION: THE MEDIATING ROLE OF FINANCIAL CONSTRAINTS AND DIGITAL TRANSFORMATION-Reference-Cited by-同舟云学术

EFFECT OF ESG PERFORMANCE ON CORPORATE GREEN TECHNOLOGY INNOVATION: THE MEDIATING ROLE OF FINANCIAL CONSTRAINTS AND DIGITAL TRANSFORMATION

Published:2024-01-27 Issue: Volume: Page:1-26
ISSN:0217-5908
Container-title:The Singapore Economic Review
language:en
Short-container-title:Singapore Econ. Rev.

Author:

WANG HONG¹^ORCID,ZHANG YING¹^ORCID,DAGESTANI ABD ALWAHED²^ORCID,QING LINGLI³^ORCID

Affiliation:

1. Business School, Hunan Agricultural University, Changsha 410125, P. R. China

2. School of Business, Central South University, Changsha 410083, P. R. China

3. School of Accounting, Guangzhou College of Commerce, Guangzhou 511363, P. R. China

Abstract

There is little research on the intrinsic mechanisms between environmental, social, and governance (ESG) performance and green technology innovation among firms in developing countries. Utilizing a dataset comprising Chinese A-share listed companies in Shanghai and Shenzhen for 2015–2020, this study employs a two-way fixed-effects modeling approach, accounting for industry- and time-specific effects. The results demonstrate an affirmative relationship between firms’ ESG performance and green technology innovation, which is reinforced by state-owned enterprises and firms with dual CEO positions. This study offers a scholarly foundation for the broader transition toward a greener economy and society in China.

Funder

Philosophy and Social Science Foundation of Hunan Province

Guangdong Office of Philosophy and Social Science

the National Social Science Foundation of China

Publisher

World Scientific Pub Co Pte Ltd

Subject

Economics and Econometrics

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0217590823470124

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