Research on the Influence of the ESG Coupling Coordination Degree of Enterprises on Innovation Quality

Xinchao Niu; Zhenhan Chen

doi:10.54097/03x61542

Authors

Xinchao Niu
Zhenhan Chen

DOI:

https://doi.org/10.54097/03x61542

Keywords:

ESG coupling coordination degree, Innovation quality, Enterprise size, Growth capacity, Panel data analysis.

Abstract

Research on the specific mechanisms through which the ESG coupling coordination promotes high - quality innovation in enterprises is of great significance. In view of this, this paper first selects Chinese A - share listed companies from 2012 to 2022 as the research objects. The coupling coordination degree model is employed to measure the ESG coupling coordination development index of enterprises. Subsequently, a two - way fixed - effects model is adopted to explore the impact mechanism of ESG coupling coordination on the innovation quality of enterprises, and robustness tests, endogeneity tests, and heterogeneity tests are carried out. Then, this paper also deeply explores whether there are moderating effects of enterprise scale and growth ability in the process of ESG coupling coordination influencing enterprise innovation quality. The empirical results show that, on the one hand, there is a significant positive impact between ESG coupling coordination and enterprise innovation quality. On the other hand, enterprise scale and growth ability play a negative moderating role in the process of ESG coupling coordination influencing enterprise innovation quality. In addition, the effect of ESG coupling coordination on improving enterprise innovation quality varies significantly among enterprises with different operating natures. Based on the above conclusions, this paper puts forward relevant policies and suggestions for the coordinated development of ESG and high - quality innovation in enterprises.

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