ESG and green Innovation
DOI:
https://doi.org/10.61173/v05bn030Keywords:
ESG, financing constraints, green innovation, enterprise developmentAbstract
In recent years, with the growing emphasis on environmental protection and sustainable development in society, comprehensive green transformation has emerged as a prominent trend in economic and social development. This transformation not only enables enterprises to achieve sustainable development but also captivates the attention of an increasing number of investors. By analyzing the panel data of listed companies between 2011 and 2021, we found that outstanding ESG performance plays a pivotal role in promoting green technology innovation among enterprises. Within this process, financing constraints serve as a crucial intermediary. This research outcome offers valuable references for promoting green development initiatives among enterprises, enhancing the disclosure system of social responsibility information, and optimizing the efficiency of capital market allocation..
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