摘要
本文以2009—2023年沪深A股上市公司为研究样本,考察企业ESG评级对绿色技术创新的影响机制与实际效果。研究结果表明,企业ESG评级能够显著促进绿色技术创新水平提升,经过一系列内生性与稳健性检验后,这一结论依然成立。中介机制检验显示,企业ESG评级可通过缓解融资约束、增强高管绿色认知推动绿色技术创新。异质性检验结果进一步揭示,国有企业、非重污染行业及高科技企业中,ESG评级对绿色技术创新的提升作用更为突出。本文研究结论对新形势下企业推进绿色转型、提升绿色生产力、助力新质生产力发展均具有重要启示意义。
Using a sample of China’s A-share companies listed on SSE or SZSE from 2009 to 2023,this study examines the impact mechanism and effect of ESG ratings on green technological innovation.The results show that ESG ratings can promote companies’green technological innovation.These findings remain significant after endogeneity and robustness tests.The mediation analysis indicates that corporate ESG ratings can promote green technological innovation by alleviating financing constraints and enhancing executives’green awareness.Heterogeneity tests further reveal that the positive effect of ESG ratings on green technological innovation is more pronounced in state-owned enterprises,nonheavily polluting industries,and high-tech firms.The findings of this study provide important implications for enterprises to advance green transformation,enhance green productivity,and contribute to the development of new-type productive forces under the current economic context.
作者
李雅倩
胡曲应
Li Yaqian;Hu Quying(School of Management,South-Central Minzu University,Wuhan,Hubei 430074)
出处
《中国商论》
2025年第16期153-157,共5页
China Journal of Commerce
关键词
ESG评级
融资约束
高管绿色认知
绿色技术创新
新质生产力
ESG rating
financing constraints
executives’green cognition
green technological innovation
new quality productive forces
