A Study on the Relationship Between ESG Strategic Orientation and Corporate Green Innovation Performance

Yixue Li; Xiaohong Wang; Meng Li

doi:10.62177/apemr.v2i5.816

Authors

Yixue Li Xi'an Polytechnic University
Xiaohong Wang Xi'an Polytechnic University
Meng Li Xi'an Polytechnic University

DOI:

https://doi.org/10.62177/apemr.v2i5.816

Keywords:

Digital-Physical Integration, Manufacturing Industry, Digital Transformation, Digital Infrastructure, Industrial Chain Collaboration

Abstract

This study examines the impact of corporate ESG performance on green technology innovation using A-share listed companies in China as research subjects from 2010 to 2024. The findings demonstrate a significant positive correlation between corporate ESG performance and value, indicating that better environmental, social responsibility, and governance practices correlate with higher overall value levels. Mechanism analysis reveals that strong ESG performance not only enhances digital transformation capabilities but also increases media attention, thereby boosting corporate value through information dissemination and image enhancement. Heterogeneity analysis shows that ESG's value-enhancing effects are more pronounced in non-state-owned enterprises and firms with higher rent-seeking tendencies, suggesting stronger regulatory and constraint functions under governance frameworks with weaker structures or greater external pressures. The research provides new empirical evidence for understanding ESG's mechanisms in green technology innovation and value enhancement, offering insights for sustainable development strategies and policy formulation across different enterprise types.

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