| Issue |
SHS Web Conf.
Volume 169, 2023
4th International Symposium on Frontiers of Economics and Management Science (FEMS 2023)
|
|
|---|---|---|
| Article Number | 01063 | |
| Number of page(s) | 7 | |
| DOI | https://doi.org/10.1051/shsconf/202316901063 | |
| Published online | 29 May 2023 | |
Substantial Innovation or Strategic Innovation: The Influence of ESG Performance on Corporate Innovation Strategy
Jinan University, Guangzhou City, 510632 Guangdong Province, China
* Corresponding author: 371249934@qq.com
The effectiveness of ESG performance in promoting corporate innovation has been widely demonstrated. However, a significant research gap remains unexplored that prior scholars have neglected the research into the influence of ESG performance on corporate innovation strategy. Using the sample of China’s A-share listed companies from 2007 to 2020, this paper analyzes the influence of ESG performance on corporate innovation strategy. It is found that ESG performance can promote substantial innovation and strategic innovation in different degrees. Further analyses show that ESG performance can promote substantial innovation more than strategic one. Therefore, while pursuing upgrading and transformation, corporations should pay more attention to the influence of ESG performance on innovation strategies, and promote a virtuous circle of long-term development of corporations.
Key words: ESG performance / substantial innovation / strategic innovation
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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