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ESG Performance, R&D Innovation and High Quality Development of Corporate: A Perspective Based on Firm Performance

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DOI: 10.23977/ieim.2022.050604 | Downloads: 27 | Views: 214

Author(s)

Xincheng Zhao 1, Shiyi Ma 1, Yingying Liu 1, Xinyi Chen 1, Haokun Cai 1, Haobin Zheng 1, Yuezhong Shen 1

Affiliation(s)

1 School of Economics and Management, Guangzhou City Construction College, Guangzhou, 510900, China

Corresponding Author

Yuezhong Shen

ABSTRACT

Corporate performance of ESG plays an important role in promoting high-quality development. There is an intrinsic link between corporate ESG performance and innovation investment and corporate performance. This paper analyzes the relationship between them using data from Chinese listed companies over the period 2010-2020. The ESG performance, R&D investment and corporate performance scores of Chinese companies show a decreasing trend during the sample years. Chinese firms have a limited role of ESG on corporate performance during the sample years. Corporate innovation plays a negative role on corporate performance. Corporate ESG has a mediating role between corporate innovation and corporate performance. 

KEYWORDS

High quality development, ESG, Firm performance, Innovation

CITE THIS PAPER

Xincheng Zhao, Shiyi Ma, Yingying Liu, Xinyi Chen, Haokun Cai, Haobin Zheng, Yuezhong Shen, ESG Performance, R&D Innovation and High Quality Development of Corporate: A Perspective Based on Firm Performance. Industrial Engineering and Innovation Management (2022) Vol. 5: 23-34. DOI: http://dx.doi.org/10.23977/ieim.2022.050604.

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