Research on the Impact of ESG Performance on Green Transformation of Listed Companies
ESG rating is the three value-based assessment factors of environment,society and governance.ESG rating can pro-mote the improvement of enterprise performance.Based on the data of 76,651 listed companies from 2008 to 2021,this paper takes the green patent application data of listed companies as an indicator of the degree of green transformation of enterprises,and estab-lishes a mathematical model to investigate the impact of ESG performance on the green transformation of enterprises.The research re-sults show that the green transformation degree of enterprises with better ESG performance is deeper,and the enterprises will have more green patents.At the same time,through the mechanism analysis,it is concluded that ESG performance will increase the R&D investment and government subsidies of listed companies to further promote the green transformation of enterprises.
ESG performancegreen transformation of enterprisesgreen patents for enterprisesmechanism
国家科技期刊平台
NSTL
万方数据
