Influencing pathways of mountain-waters project pilot policy on corporate ESG in China DOI Creative Commons

Zhu Hong-gen,

Jianjun Li, Limin Zhang

et al.

Frontiers in Environmental Science, Journal Year: 2025, Volume and Issue: 13

Published: April 24, 2025

Introduction: Although considerable research has explored factors affecting corporate ESG performance and environmental policies, few studies integrate these dimensions to assess the Mountains-Waters Project pilot policy—an expansive ecological restoration initiative in China. This study aims examine policy's effects on within Yangtze River Economic Belt, a critical economic region Methods: To investigate of policy, we use panel data from 129 publicly listed companies across 76 districts (2009—2023). A multi-period difference-in-differences (DID) model is employed analyze impact policy performance. Results: The findings show that significantly enhances operate through three primary mechanisms: promoting green technologies, boosting media attention, strengthening government oversight practices. Furthermore, are more pronounced for high-tech non-state-owned enterprises, suggesting heterogeneous responses interventions. Discussion These results provide novel empirical evidence role policies advancing sustainability. They also offer valuable insights design implementation future especially regions with significant importance like Belt.

Language: Английский

ESG ratings and green innovation: A U‐shaped journey towards sustainable development DOI Creative Commons
Cunyi Yang,

Conghao Zhu,

Khaldoon Albitar

et al.

Business Strategy and the Environment, Journal Year: 2024, Volume and Issue: 33(5), P. 4108 - 4129

Published: Jan. 29, 2024

Abstract This study examines the relationship between corporate ESG ratings and green innovation based on data from Chinese A‐share listed companies for period 2011 2022. The findings suggest a “U”‐ shaped innovation. Companies with lower (referred to as “bad” companies) tend focus improving their governance operational conditions, often at expense of However, improve ratings, they increasingly view key growth area. is particularly evident in low profitability high risks. Additionally, we explore impact different types patents. finds that can mitigate negative through collaborative efforts, while non‐inventive innovations, benefit independent research development. Furthermore, role government subsidies executive compensation influencing this relationship. results show both positively negatively affect innovation, depending company's status rating. provide valuable insights companies, investors, policymakers regarding significant scores promoting strategies enhance sustainability performance.

Language: Английский

Citations

82

The impact of firm's ESG performance on the skill premium: Evidence from China's green finance reform pilot zone DOI
Dongyang Zhang, Cao Wang,

Shan Miao

et al.

International Review of Financial Analysis, Journal Year: 2024, Volume and Issue: 93, P. 103213 - 103213

Published: March 16, 2024

Language: Английский

Citations

30

The Role of Digital Transformation, Corporate Culture, and Leadership in Enhancing Corporate Sustainable Performance in the Manufacturing Sector of China DOI Open Access
Muhammad Asif, Yang Liu, Muhammad Hashim

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(7), P. 2651 - 2651

Published: March 23, 2024

The Chinese manufacturing industry faces many challenges to sustainable development. This study examines how transformational leadership, corporate culture, and digital transformation affect organizations’ sustainability. It will also examine the moderating role of environmental dynamism mediating effect innovation capabilities. A self-administered survey was distributed 350 companies’ owners, managers, leaders, employees, etc. Participants were selected via convenient sampling. data collection effort validated findings empirically tested theories. Smart PLS structural equation modelling (PLS-SEM), quantitative research, cross-research are used in this study. suggest that significantly Innovation capability does not relationship between culture However, it mediates transformation, business capabilities sustainability performance moderated by dynamism. contributes theory showing managers can help companies grow indefinitely. have major implications for China, a highly industrialized nation. could benefit regulatory authorities, academic institutions, industry, government agencies, researchers.

Language: Английский

Citations

21

Environmental, social, and governance performance and enterprise sustainable green innovation: Evidence from China DOI
Haibo Sun, Tonghuan Bai, Youqing Fan

et al.

Corporate Social Responsibility and Environmental Management, Journal Year: 2024, Volume and Issue: 31(4), P. 3633 - 3650

Published: March 1, 2024

Abstract Sustainable development is a common model pursued by countries around the world. The environmental, social, and governance (ESG) concept has garnered significant interest across industries globally. This study extends on existing research (Fang & Hu, 2023), from perspective of innovation sustainability, investigates impact ESG performance enterprise sustainable green (SGI). For data 1140 Chinese A‐share listed enterprises 2009 to 2019, estimated result shows that coefficient 0.6640 ( p < 0.05). means advantages significantly promote SGI. And environmental dimension bigger promoting effect. SGI positive for growth maturity stages, state‐owned, non‐heavy pollution industry enterprises. Green investor subsidy are important ways affect In addition, executive protection experience moderates relationship between in beneficial way. proposes government agencies should implement differentiated regulation measures can increase their reliance stakeholders social resources acquire additional resources. Theoretical practical implications this contribute enhancement

Language: Английский

Citations

17

ESG disclosures, green innovation, and greenwashing: All for sustainable development? DOI
Yan Ma,

Gen‐Fu Feng,

Zhujia Yin

et al.

Sustainable Development, Journal Year: 2024, Volume and Issue: unknown

Published: Sept. 30, 2024

Abstract As stakeholder concerns about corporate sustainability intensify, greenwashing—where companies deceptively report their environmental performance for short‐term economic gain—poses a significant threat to long‐term sustainability, making it crucial explore effective ways curb this practice. Using data from 1,270 Chinese listed 2009 2019, study constructs two‐way fixed effects and moderating models the role of green innovation in curbing greenwashing. Green not only reduces incentives greenwashing, but also makes genuine contribution protection, thus promoting “win‐win” scenario both development. Moreover, positive impact on greenwashing can be significantly amplified by easing financial constraints enhancing firms’ risk‐taking capabilities foster stable environment, as well strengthening governance structure through increased gender diversity background among managers. Heterogeneity tests show that pathway is particularly with heavy pollution higher performance. The research findings help formulate more management strategies incentive mechanisms reduce achieve sustainable

Language: Английский

Citations

17

Integrating ESG into Corporate Strategy: Unveiling the Moderating Effect of Digital Transformation on Green Innovation through Employee Insights DOI Creative Commons
Qiang Sun, Yannan Li, Ahreum Hong

et al.

Systems, Journal Year: 2024, Volume and Issue: 12(5), P. 148 - 148

Published: April 26, 2024

With climate warming, the human living environment faces significant challenges, and global environmental protection sustainable development are accelerating. As a result, ESG has become an essential area of research. This study explores impact employees’ perceptions corporate performance on green innovation, focusing moderating role digital transformation. A survey was conducted among 316 employees from wholesale, retail, IT, computer services industries to validate this study. Research results show that cognitions have positive innovation. In addition, transformation plays in (E) social (S) dimensions These findings not only highlight critical personal awareness management concepts future strategies but also indicate importance extent companies improve innovation performance.

Language: Английский

Citations

16

ESG Implementations, Green Process Innovation, and Social Performance in Vietnamese Manufacturing Firms: Proactive Environmental Strategy and Green Absorptive Capacity as Moderators DOI Open Access
Hien Vo Van, Malik Abu Afifa, Duong Van Bui

et al.

Corporate Social Responsibility and Environmental Management, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 17, 2025

ABSTRACT This study evaluates the direct and indirect effects of environmental, social, governance (ESG) implementations on green process innovation (GPCI) social performance (SCP) in Vietnamese manufacturing firms, respectively. Exploring moderating role proactive environmental strategy (PES) absorptive capacity (GAC) impact ESG GPCI are next objectives. These investigations supported by legitimacy theory dynamic capability theory. Through survey method, data collected from 205 managers' responses were analyzed partial least squares structural equation modeling. The results show important contributions. First, have a positive GPCI. Second, is driving force behind SCP. Third, an influence SCP through Fourth, positively moderated GAC PES. Further analysis shows that three‐way interaction (ESG × PES GAC) enhances Therefore, above fully support theory, thus they provide highly theoretical contributions managerial implications.

Language: Английский

Citations

2

How does ESG performance affect green transformation of resource-based enterprises: Evidence from Chinese listed enterprises DOI
Xiujie Tan, Gufeng Liu, Si Cheng

et al.

Resources Policy, Journal Year: 2023, Volume and Issue: 89, P. 104559 - 104559

Published: Dec. 21, 2023

Language: Английский

Citations

41

The Effect of Environmental, Social, and Governance (ESG) Performance on Corporate Financial Performance in China: Based on the Perspective of Innovation and Financial Constraints DOI Open Access
Yiming Xu, Naiping Zhu

Sustainability, Journal Year: 2024, Volume and Issue: 16(8), P. 3329 - 3329

Published: April 16, 2024

This paper analyzes the effects of Environmental, Social, and Governance (ESG) performance on corporate financial (CFP), enriching research intrinsic mechanism between ESG in developing countries. study uses a data sample A-share listed companies Shanghai Shenzhen, China from 2009 to 2021, adopts two-way fixed model methodology with time industries explore relationship two conjunction relevant basic theories. The findings indicate that exerts positive influence CFP by fostering innovation. Corporations good long term may be more conducive CFP. When corporations face constraints, role enhancing weakens. Heterogeneity analyses contributes non-state-owned enterprises (non-SOEs). negative moderating constraints is pronounced non-SOEs. Additionally, promotes improvement non-heavy polluting corporates. extends scientific foundation for how corporates can improve increase market competitiveness.

Language: Английский

Citations

15

The influences of digital finance on green technological innovation in China's manufacturing sector: The threshold effects of ESG performance DOI
Wei Chen,

Guzi Arn,

Hongti Song

et al.

Journal of Cleaner Production, Journal Year: 2024, Volume and Issue: 467, P. 142953 - 142953

Published: June 19, 2024

Language: Английский

Citations

15