Work

Does ESG Disclosure Improve Green Innovation Performance of New Energy Enterprises? Evidence from China

Year: 2024

Type: article

Abstract: Utilizing data from Chinese A-share new energy listed companies spanning 2010 to 2022, this study empirically investigates the impact of ESG disclosure on the green innovation performance of new energy firms. The findings reveal that ESG disclosure significantly enhances green innovation performance, with these results remaining robust across various tests. Mechanism analysis indicates that ESG disclosure primarily facilitates green innovation by mitigating corporate financing constraints and improving the quality of internal control. The heterogeneity analysis further demonstrates that the positive effect of ESG disclosure on green innovation is more pronounced in high-tech industries, firms with high institutional investor attention, and firms located in eastern China. This research provides a foundation for further refinement of the ESG disclosure system and offers strategic insights for new energy enterprises aiming to boost their innovation performance.

Source: Polish Journal of Environmental Studies

DOI: 10.15244/pjoes/190649

Authors: Can Xu, Xunhao Yao, Han Yan, Yuming Li

Institutions: Anhui University of Finance and Economics, Australian National University, Hebei University of Economics and Business, Tianjin University of Finance and Economics

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Climate action, Affordable and clean energy

Open Access status: diamond

Funder: Department of Education of Hebei Province