ESG performance and innovation quality

被引：13
|
作者：
Li, Yanqiong [1 ]
Li, Sihao [2 ]
机构：
[1] Shanxi Univ, Sch Econ & Finance, Taiyuan, Peoples R China
[2] Zhejiang Gongshang Univ, Sch Accounting, Hangzhou, Peoples R China
来源：
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2024年 / 92卷
关键词：
ESG; Innovation quality; Patent complexity; CORPORATE SOCIAL-RESPONSIBILITY; NONFINANCIAL DISCLOSURE;
D O I：
10.1016/j.iref.2024.02.063
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using a sample of Chinese A-share listed firms from 2009 to 2020, we examine the impact of a firm's environmental, social and governance (ESG) performance on its innovation quality. Our findings suggest that better ESG performance contributes to higher innovation quality. This conclusion remains unchanged after a series of robustness tests. Additional analysis shows that when a firm has a good internal control or a high risk-tolerance, the impact of ESG performance on innovation quality is more pronounced. Finally, we find that better ESG performance also brings higher patent value to a firm. Our results provide policy guidance on promoting ESG and high-quality innovation of firms.
引用
收藏
页码：1361 / 1373
页数：13
相关论文
共 50 条
  • [1] ESG performance and corporate innovation
    Sun, Xian
    Xiong, Xiaoyan
    RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2025, 76
  • [2] The spillover effect of customers' ESG performance on suppliers' green innovation quality
    Sun, Yani
    Shen, Yuezhe
    Tan, Qingmei
    CHINA JOURNAL OF ACCOUNTING RESEARCH, 2024, 17 (03)
  • [3] Quantity and quality: The impact of environmental, social, and governance (ESG) performance on corporate green innovation
    Zhang, Hua
    Lai, Jie
    Jie, Shuijing
    JOURNAL OF ENVIRONMENTAL MANAGEMENT, 2024, 354
  • [4] Partnership, innovation are essential to maximizing ESG performance
    Esslemont, Sandy
    World Oil, 2021, 242 (03)
  • [5] Partnership, innovation are essential to maximizing ESG performance
    Bozick, Adam
    World Oil, 2021, 242 (02)
  • [6] Digital transformation, innovation capability, and ESG performance
    Liu, Qiong
    Wang, Hairong
    FINANCE RESEARCH LETTERS, 2025, 78
  • [7] The effect of ESG performance on corporate green innovation
    Wu, Liping
    Yi, Xingchen
    Hu, Kai
    Lyulyov, Oleksii
    Pimonenko, Tetyana
    BUSINESS PROCESS MANAGEMENT JOURNAL, 2024,
  • [8] Innovation in shouldering green responsibility: ESG performance and green technology innovation
    Gao, Xiang
    He, Xixi
    Sun, Chuanwang
    Wu, Dongmei
    Zhang, Jie
    ENERGY ECONOMICS, 2025, 142
  • [9] Corporate ESG Performance, Green Innovation, and Green New Quality Productivity: Evidence from China
    Ma, Yan
    Liu, Pei
    Chen, Haonan
    SUSTAINABILITY, 2024, 16 (22)
  • [10] Growth that supports longevity: the impact of innovation on ESG performance
    Pinheiro, A. B.
    Panza, G. B.
    Berhorst, N. L.
    Toaldo, A. M. M.
    Segatto, A. P.
    ANNALS IN SOCIAL RESPONSIBILITY, 2023,
12345