联系我们

论文查询结果	返回搜索

论文编号：	14633
作者编号：	2120223697
上传时间：	2024/6/5 15:52:48
中文题目：	新能源上市公司ESG表现对绿色创新绩效的影响——基于融资约束和人力资本的中介机制
英文题目：	The Impact of ESG Performance on Green Innovation among Listed New Energy Companies——A Mediating Mechanism based on Financing Constraints and Human Capital
指导老师：	齐岳
中文关键字：	新能源；ESG；绿色创新；融资约束；人力资本
英文关键字：	new energy; ESG; green innovation; financing constraints; human capital
中文摘要：	新能源的开发与应用是社会经济低碳转型的重要推动力量，然而，当前新能源绿色创新表现不佳，对新能源行业的高质量发展形成阻碍。同时，ESG作为在企业微观层面落实绿色可持续发展的重要抓手，受到社会各界的高度关注，在外部监管压力和内部责任意识提升的共同影响下，近年来新能源上市公司愈发重视ESG管理及信息披露，以期在ESG评估中获得更高的评价。但既有研究表明，企业开展ESG实践需要消耗额外的经济成本，却未必能获得与之相当的经济收益。在此背景下，本文从新能源企业绿色创新产出乏力的问题出发，站在企业的角度，重点讨论了新能源上市公司ESG表现对绿色创新绩效的影响效果和作用机制，解答ESG是否对新能源绿色创新具有内生驱动作用的问题。 本文以2010-2022年新能源行业A股上市公司数据为样本，针对新能源企业ESG表现与绿色创新绩效之间的关系展开研究，并引入融资约束和人力资本作为中介变量，对新能源企业ESG表现促进绿色创新的作用机制进行延伸分析。基于理论和实证分析，本文得出主要结论如下：第一，新能源企业ESG表现对绿色创新绩效具有显著的正向提升作用，良好的ESG表现既有助于增进绿色创新成果产出，也有利于加强绿色创新效率。第二，融资约束在ESG促进绿色创新的过程中起到中介作用，较高的ESG评价有助于缓解新能源企业受到的融资约束程度，进而促进绿色创新。第三，人力资本在ESG促进绿色创新的过程中起到中介作用，新能源企业的ESG表现越佳，越有利于吸引和留存高素质创新研发人才，从而为绿色创新提供更好的人才、知识和技术保障。 以往有关ESG价值效应的研究鲜少从绿色创新的角度进行切入，对现阶段新能源绿色创新产出不足的问题也缺乏探讨。本研究聚焦于新能源企业ESG与绿色创新的关系，并对融资约束和人力资本的中介作用展开研究，有助于打开ESG驱动新能源绿色创新的黑箱，不仅能在理论层面为ESG及绿色创新相关领域的研究提供参考，也对新能源企业的ESG和绿色创新实践，以及国家以ESG为抓手的绿色发展政策实践具有现实指导意义。
英文摘要：	The development and application of new energy is a crucial driving force for the low-carbon transformation of socio-economic systems. However, the current underperformance of green innovation in the new energy sector hampers its high-quality development. Simultaneously, ESG has gained significant attention as a key lever for implementing green sustainable development at the micro-level of enterprises. Under the combined influence of external regulatory pressure and internal responsibility awareness, new energy listed companies have increasingly focused on ESG management and information disclosure to obtain higher evaluations in ESG assessments. However, existing studies suggest that implementing ESG practices entails additional economic costs without necessarily guaranteeing commensurate economic benefits. Against this backdrop, this paper addresses the problem of underperforming green innovation in the new energy industry and, from an enterprise perspective, focuses on the impact and mechanism of ESG performance of new energy listed companies on green innovation performance, answering the question of whether ESG has an endogenous driving effect on new energy green innovation. Using 2010-2022 data from A-share new energy firms, this study explores the link between ESG and green innovation performance of new energy companies. It introduces financing constraints and human capital as mediating variables to analyze the mechanism by which ESG performance promotes green innovation in new energy companies. Through theoretical and empirical analysis, this paper concludes: First, ESG performance significantly enhances green innovation in new energy firms, where good ESG performance enhances both the output and efficiency of green innovation. Second, financing constraints partially mediate in the process of ESG performance promoting green innovation. Higher ESG evaluations help alleviate the degree of financing constraints faced by new energy companies, thereby promoting green innovation. Third, human capital plays a partial mediating role in the process of ESG performance promoting green innovation. The better the ESG performance of new energy companies, the more conducive it is to attract and retain high-quality innovative R&D talents, thereby providing better talent, knowledge, and technological support for green innovation. Previous studies on the value effect of ESG have rarely approached it from the perspective of green innovation and lack exploration of the current issue of inadequate green innovation output in the new energy sector. This study focuses on the relationship between ESG and green innovation of new energy companies and explores the mediating role of financing constraints and human capital. It helps to shed light on the black box of ESG-driven green innovation in the new energy sector, providing reference for research in the fields of ESG and green innovation, and offering practical guidance for the ESG and green innovation practices of new energy companies and the implementation of national green development policies driven by ESG.
查看全文：	预览  下载(下载需要进行登录)