Research on the Mechanisms of ESG Performance Impacting High-Quality Corporate Development
This paper analyzes the impact of ESG performance on high-quality corporate development and the mediating effect of R&D innovation,using data from Shanghai and Shenzhen A-share listed companies from 2018 to 2022.Statistical analysis reveals a significant relationship between ESG performance and high-quality corporate development,with the positive effects becoming more pronounced as R&D innovation capabilities are enhanced.The impact of ESG performance and R&D innovation is particularly significant for state-owned enterprises,businesses in Eastern China,and high-pollution industries.Based on these findings,it is recommended that the government strengthen guidance,support,incentives,and regulation of ESG practices and increase support for R&D innovation to promote high-quality corporate development.This study is characterized by its comprehensive use of empirical analysis and heterogeneity tests to explore the multidimensional relationship between ESG performance and high-quality corporate development in depth.
ESGESG performanceanalysisR&D innovationhigh-quality corporate development