Exploring the Impact of ESG Performance and R&D Capabilities on Corporate Financial Success in China
Asian Journal of Economics, Business and Accounting · pp. 400–413 · Published 14 Aug 2024
10.9734/ajeba/2024/v24i81465Abstract
China has set the "dual carbon" goal of achieving "carbon neutrality" and "carbon peak" by 2024. Based on this background, this article explores the impact of ESG and R&D capabilities on corporate financial performance, and whether they have a driving effect on the "dual carbon" target. This study takes the non-equilibrium panel data of Chinese A-share listed companies from 2017 to 2022 as the research object, proposes research hypotheses, and constructs an empirical model. This article uses SPSS software to apply statistical description, multicollinearity test, least squares regression analysis and other empirical methods to the sample. The model is further tested through robustness test and heterogeneity test. The study shows that at the current stage, the ESG performance and innovation ability of enterprises have a positive impact on their financial performance. Based on this, the article also provides corresponding operational suggestions for enterprises.
References (5)
- 1 Corporate ESG Profiles and Banking Relationships [DOI]
- 2 ESG ratings and green innovation: A U‐shaped journey towards sustainable development [DOI]
- 3 Does corporate social responsibility reduce the costs of high leverage? Evidence from capital structure and product market interactions [DOI]
- 4 ESG rating divergence and corporate green innovation [DOI]
- 5 ESG Controversies and Corporate Governance: Evidence From Board Size [DOI]
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