ESG Performance,Green Innovation,and Corporate Value——A Cases Study of Software and Information Technology Service Industry
Against the backdrop of the national"dual carbon"goal and the"five-development concepts",environmental,social responsibility,and corporate governance,or ESG,have become key indicators to measure whether a company has sustainable development capabilities.This article takes all A-share listed software and information technology service companies from 2018 to 2021 as the research sample,and analyzes the impact of ESG performance and green innovation on corporate value based on empirical analysis of panel quantile regression and OLS regression.The research results show that:(1)the ESG performance of a company is positively correlated with its corporate value;(2)the green innovation capability is significantly positively correlated with the corporate value;(3)the cross-term of ESG performance and green innovation is significantly positively correlated with the corporate value,playing a role in promoting the improvement of corporate value.The research conclusion provides a reference for enhancing the ESG performance of enterprises,increasing green innovation efforts,and improving corporate value.
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