The impact of ESG performance of heavily polluting enterprises on new quality productivity
DOI:
https://doi.org/10.63313/EBM.9057Keywords:
ESG, New-Quality Productivity, Heavy-Polluting EnterprisesAbstract
This paper selects 1454 listed heavy-polluting enterprises from 2009 to 2023 as a sample to empirically investigate the impact of corporate ESG performance on new-quality productivity. The results show that improving corporate ESG per-formance has a positive effect on enhancing the level of new-quality productiv-ity. Mechanism analysis indicates that the shareholding ratio of institutional investors plays a mediating role between the two. Heterogeneity analysis re-veals that the improvement of corporate ESG performance has a more significant effect on new-quality productivity in large-scale enterprises, industries with weak competitiveness, and enterprises with a higher proportion of female man-agement. The findings provide a new perspective for the antecedent research of new-quality productivity and offer empirical evidence for enhancing corporate ESG performance.
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