Articlegold2023

Bilateral Effects of ESG Responsibility Fulfillment of Industrial Companies on Green Innovation

Shusen Zhu · Hui Sun · Zedong Yang · Xuechao Xia

13 citations0/0 files storedSustainability

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Environmental Sustainability in Business Corporate Social Responsibility Reporting Sustainability and Innovation in Business

Abstract

This paper theoretically analyzes the bilateral mechanism of ESG responsibility fulfillment on green innovation of industrial enterprises and decomposes the promotion effect, inhibition effect and the net effect of mutual influence of ESG responsibility fulfillment on green innovation of Chinese industrial enterprises based on the data of 615 industrial enterprises in China from 2012 to 2021, and it analyzes the regular characteristics of them using bilateral stochastic frontier model. The study shows that (1) ESG responsibility fulfillment can drive green innovation in industrial enterprises. The interaction between the facilitation effect (24.49%) and the inhibiting effect (20.71%) of ESG responsibility fulfillment in industrial enterprises eventually leads to the actual green innovation level being higher than the frontier green innovation level by 3.78%. (2) The driving effect of ESG responsibility on green innovation of industrial enterprises has room for growth; the driving effect of ESG on green innovation gradually increases and turns from negative to positive with the improvement of ESG performance; and the net effect of ESG responsibility on the level of green innovation of industrial enterprises from 2012 to 2020 shows a continuous growth. (3) The driving effect of industrial enterprises’ ESG responsibility fulfillment on green innovation is the highest in the western region, followed by the eastern region, and it is the lowest in the central region. (4) Compared with industrial enterprises in regions with high managerial short-sightedness, non-heavy pollution and low marketization, the driving effect of ESG responsibility fulfillment on green innovation of industrial enterprises in regions with low managerial short-sightedness, heavy pollution and high marketization is stronger.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 13 citations exist upstream.

References

2000Stochastic Frontier Analysis 2007Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆2016Socially responsible firms 2015Active Ownership 2012Does it pay to be really good? addressing the shape of the relationship between social and financial performance 2022The effect of ESG rating events on corporate green innovation in China: The mediating role of financial constraints and managers' environmental awareness 2021Corporate ESG reporting quantity, quality and performance: Where to now for environmental policy and practice?2021Carbon peak and carbon neutrality in China: Goals, implementation path, and prospects

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.