上市公司ESG信息披露的绿色创新效应
Green Innovation Effects of ESG Information Disclosure by Listed Companies
郑洁 1刘志军 1黄萍1
作者信息
- 1. 兰州财经大学金融学院,甘肃 兰州 730020
- 折叠
摘要
本文选择2015-2021 年沪深A股上市公司为样本,实证检验了企业ESG信息披露的绿色创新效应.结果表明,ESG信息披露能显著促进企业的绿色创新,在更换解释变量与被解释变量做稳健性检验后结论依然有效;机制检验结果显示,企业ESG信息披露的绿色创新效应具体可通过提高机构投资者的持股比例和增加企业的研发投入来实现.
Abstract
This paper selects A-share listed companies on Shanghai and Shenzhen stock exchanges from 2015 to 2021 as samples to empirically test the green innovation effects ofenterprise ESG information disclo-sure.The results indicate that ESG information disclosure significantly promotes green innovation in enter-prises.The conclusion remains valid after conducting robustness checks by replacing the explanatory and dependent variables.Mechanism tests reveal that the green innovation effects of ESG information disclosure can be specifically achieved by increasing the shareholding proportion of institutional investors and boosting the R&D investment of enterprises.
关键词
ESG信息披露/机构投资者持股/研发投入/绿色创新Key words
ESG information disclosure/institutional investor shareholding/R&D investment/green inno-vation引用本文复制引用
出版年
2024
NETL
NSTL
万方数据