Research on the Impact Mechanism of ESG Rating on Green Innovation Performance of Listed Companies
This paper takes China's A-share listed companies as the research sample and conducts an empirical analysis of fixed effect panel data,aiming to understand both the direction and path of the im-pact of ESG rating performance on the green innovation performance and the moderating effect of economic policy uncertainty on this impact. The research finds that higher ESG rating can promote the progress of enterprises green innovation performance,and this promotion effect can be achieved through the mecha-nisms that enhance investors confidence and reduce supply chain risks. In addition,in the environment of economic policy uncertainty,heterogeneity analysis shows that the promotion effect is more obvious and the impact of ESG rating on green innovation performance in different industries are different. Finally,the suggestions are put forward for enterprises,investors and governments:introduce ESG into enterprise management,attach importance to information disclosure and provide incentives through preferential poli-cies.
万方数据
维普
