Taking non-state-owned enterprises listed on Shanghai and Shenzhen A-shares from 2016-2021 as the re-search objects,representing the ESG performance of enterprises with the comprehensive score of Huazheng ESG rating,and calculating the total factor productivity of enterprises by the LP method,this paper studies the impact of ESG performance and R&D investment on the total factor productivity of enterprises.The results show that ESG performance is significantly positively correlated with the total factor productivity of enterprises,and R&D investment plays a mediating role in the rela-tionship between ESG performance and the total factor productivity of enterprises.It is of certain practical significance to ex-plore how enterprises can improve total factor productivity and the action paths and mechanisms by which ESG performance affects the total factor productivity of enterprises.
关键词
ESG表现/全要素生产率/研发投入/中介作用
Key words
ESG performance/total factor productivity/R&D investment/mediating role
维普
万方数据