Both COFCO and SINOCHEM participate in trading business with Australian enterprises,such as the import of barley,wheat,diary and meat products,or chemical products and coal.Free trade has always been the foundation of...Both COFCO and SINOCHEM participate in trading business with Australian enterprises,such as the import of barley,wheat,diary and meat products,or chemical products and coal.Free trade has always been the foundation of Sino-Australia relations.In the B20 trade and investment working group discussion,I want to emphasize the展开更多
Green technological innovation(GTI)has emerged as a pivotal driver of high-quality economic development;however,controversies among scholars remain regarding its impact on corporate Environmental,Social and Governance...Green technological innovation(GTI)has emerged as a pivotal driver of high-quality economic development;however,controversies among scholars remain regarding its impact on corporate Environmental,Social and Governance(ESG)performance,and the potential mechanisms are still underexplored.Using a sample of A-share listed companies from the Shanghai and Shenzhen stock exchanges in China spanning 2011-2023,this study employs fixed-effects models to empirically investigate how GTI shapes corporate ESG performance.Our findings reveal that GTI exerts a significantly positive,but heterogeneous,effect on ESG performance.The impact is more pronounced among large-scale firms,non-asset-intensive firms,and those operating in the east and west of China.Mechanistically,GTI enhances ESG performance through two key pathways:“operational empowerment”and“investment empowerment”.Further analysis indicates that air pollution pressure positively moderates the GTI-ESG relationship,reflecting a“pressure-driven effect”,while market competition pressure negatively moderates this relationship,indicating a“short-sighted effect”.This study contributes actionable implications for policymakers and firms that underscore the strategic value of GTI in advancing ESG performance amid environmental and competitive pressures.展开更多
文摘Both COFCO and SINOCHEM participate in trading business with Australian enterprises,such as the import of barley,wheat,diary and meat products,or chemical products and coal.Free trade has always been the foundation of Sino-Australia relations.In the B20 trade and investment working group discussion,I want to emphasize the
基金The Zhejiang Province Philosophy and Social Sciences Special Planning Project“Research on Employment Vulnerability and Its Governance for Workers in New Forms of Employment”。
文摘Green technological innovation(GTI)has emerged as a pivotal driver of high-quality economic development;however,controversies among scholars remain regarding its impact on corporate Environmental,Social and Governance(ESG)performance,and the potential mechanisms are still underexplored.Using a sample of A-share listed companies from the Shanghai and Shenzhen stock exchanges in China spanning 2011-2023,this study employs fixed-effects models to empirically investigate how GTI shapes corporate ESG performance.Our findings reveal that GTI exerts a significantly positive,but heterogeneous,effect on ESG performance.The impact is more pronounced among large-scale firms,non-asset-intensive firms,and those operating in the east and west of China.Mechanistically,GTI enhances ESG performance through two key pathways:“operational empowerment”and“investment empowerment”.Further analysis indicates that air pollution pressure positively moderates the GTI-ESG relationship,reflecting a“pressure-driven effect”,while market competition pressure negatively moderates this relationship,indicating a“short-sighted effect”.This study contributes actionable implications for policymakers and firms that underscore the strategic value of GTI in advancing ESG performance amid environmental and competitive pressures.
