ESG performance,new quality productivity and high-quality development of enterprises
Based on the data of China's A-share listed companies from 2015 to 2022,this study explores the influence and mechanism of ESG performance on their high-quality development.The study finds that good ESG performance can promote the high-quality development of enterprises.New quality productivity plays a key role as a mechanism variable in ESG performance's promotion of high-quality development.Specifically,good ESG performance enhances the high-quality development of enterprises by optimizing labor allocation and improving the quality of production tools.The impact of ESG performance on promoting high-quality development is particularly significant in non-manufacturing enterprises,heavy-polluting industries,and state-owned enterprises.Therefore,the study suggests accelerating the implementation of ESG governance in enterprises,strengthening the integration of ESG performance with strategic planning,and enhancing ESG information disclosure and evaluation.Additionally,improving new quality productivity and optimizing resource allocation are crucial.Enterprises should adopt differentiated strategies based on their industry characteristics,while the government should provide policy support to promote the sustainable growth of enterprises and facilitate their high-quality development.
ESG performancenew quality productivityhigh-quality development of enterprises
万方数据
