Research on the Impact of ESG Performance on Green and Low-carbon Transformation of Manufacturing Enterprises
Selecting Shanghai and Shenzhen A-share listed manufacturing companies from 2012 to 2020 as samples,this paper explores whether high ESG performance of enterprises can promote their green and low-carbon transformation.The results show that the high ESG performance of enterprises promotes their green and low-carbon transformation;The high ESG performance of enterprises significantly alleviates their finan-cing constraints and increases government environmental protection subsidies,thus accelerating the green and low-carbon transformation of enterprises.The higher the management salary of the enterprise,the stronger the promotion effect of ESG performance on the green and low-carbon transformation of the enterprise.The degree of enterprise digitalization plays a positive role in the promotion of ESG performance on the output of enterprise green achievements.
ESG performancegreen and low-carbon transformationfinancing constraintsgovernment subsidiesmanagement compensation
国家科技期刊平台
NSTL
万方数据
维普
