Corporate Social Responsibility and Environmental Management,
Journal Year:
2023,
Volume and Issue:
31(2), P. 784 - 800
Published: Aug. 28, 2023
Abstract
In
transitional
economies
characterized
by
digital
finance
and
uncertainty,
the
environmental,
social,
governance
(ESG)
impact
on
enterprise
performance
has
become
a
core
issue
in
sustainable
development
of
enterprises.
The
existing
literature
does
not
pay
attention
to
simultaneous
existence
economic
policy
uncertainty
transition
countries
such
as
China.
This
paper
introduces
ESG
intangible
capital
into
Cobb–Douglas
production
function,
considers
establishes
theoretical
analysis
framework,
empirically
tests
using
panel
data
1688
listed
companies
China
from
2011
2020.
results
reveal
that
promotes
performance;
strengthens
positive
performance,
increased
moderating
effect
finance.
Heterogeneity
reveals
are
significant
both
eastern
region
central
western
regions,
but
former
performs
better
when
increases.
research
conclusion
provides
reference
for
selecting
appropriate
policies
promote
enterprises
with
core.
