上海管理科学2026，Vol.48Issue(1)：51-57,7.
企业ESG表现对创新投入的影响机制研究
Research on the Impact Mechanism of Corporate ESG Performance on Innovation Investment
朱吉庆1
作者信息
- 1. 上海外国语大学 国际工商管理学院,上海 200083
- 折叠
摘要
Abstract
Corporate ESG construction can achieve multiple benefits,including economic,social and environmental benefits.Academics have yet to reach a unified consensus on whether corporate ESG performance promotes investment in innovation.Taking China's A-share listed companies from 2015 to 2023 as the research sample,this paper empirically analyses the impact and its mechanism of ESG performance on corporate innovation investment,and explores the moderating effect of market compe-tition intensity.The results show that ESG performance has a significant promotion effect on corpo-rate innovation investment,and market competition intensity negatively mediates the promotion effect of ESG performance on corporate innovation investment.Further tests of the influence mechanism in-dicate that corporate ESG performance promotes enterprises to strengthen their innovation investment by enhancing corporate reputation,easing financing constraints,and reducing business risks.关键词
企业ESG表现/创新投入/企业声誉/融资约束/经营风险Key words
ESG performance/innovation investment/corporate reputation/financing constraints/business risk分类
管理科学引用本文复制引用
朱吉庆..企业ESG表现对创新投入的影响机制研究[J].上海管理科学,2026,48(1):51-57,7.
