ESG Rating Disagreement and Corporate Green Innovation:Empirical Evidence from China's A-Share Listed Companies
Taking China's A-share listed companies from 2015 to 2021 as samples,this paper empirically analyzes the im-pact of ESG rating disagreement on corporate green innovation based on stakeholder theory,institutional theory,and resource dependence theory.The results show that:(1)ESG rating disagreement significantly improves corporate green innovation.(2)Mechanism tests indicate that external pressure and internal drive serve as channels for that positive influence.(3)Heterogeneity analysis demonstrates that the role of ESG rating disagreement in promoting corporate green innovation is more obvious in enterprises with low financial constraints,high quality of internal control,and old executive teams.
ESG rating disagreementcorporate green innovationstrategic adjustment
NETL
NSTL
万方数据
