Work

A Study on the Impact of ESG Invest on Enabling Businesses to Transform During Difficult Economic Times

Year: 2024

Type: article

Abstract: How to transform the economy of enterprises in difficult period based on ESG has become the focus of academic attention. Research shows that ESG investments help companies transform in difficult economic times by reducing the pressure on financing. Further analysis shows that ESG investment has a more significant positive impact on high-innovation and labor-intensive firms than low-innovation and labor-intensive firms. Especially in the case of poor business environment, the positive correlation between ESG investment and enterprise development is more prominent. Based on this, we put forward a series of policy recommendations, including improving the ESG investment system, releasing its diversified enabling role, and formulating personalized development strategies for enterprises in difficult times, aiming at providing effective guidance for enterprises' economic transformation.

Source: Frontiers in Business Economics and Management

DOI: 10.54097/nkse0031

Author: Jiahao Tan

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4404146686

FWCI:

Cites: 10

Cited by:

Related to: 10