The relationship between green innovation and sustainable growth in Korean companies: Moderated mediation effect of ESG score by industry

IF 9.9 1区环境科学与生态学 Q1 DEVELOPMENT STUDIES

Sustainable Development Pub Date : 2023-11-08 DOI:10.1002/sd.2807

Mi Sook Lee

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引用次数: 0

Abstract

Abstract Sustainable development of companies is emphasized by many asset management companies around the world as an investment decision criterion. So, the most important issue in business management is Environment, Social, and Governance (ESG). But, criticism of ESG has been raised and some studies have found the impact of green innovation and ESG on financial performance to be inconclusive or inconsistent. At this point, this study reviewed ESG‐related researches and examined the relationship between green innovation, ESG, and sustainable growth. By analyzing the mediating effect of ESG score, this study examined whether investment for green innovation directly affects corporate sustainable growth or indirectly affects it through ESG score, an external evaluation. In addition, a moderating variable was added to see if this relationship varies by industry. For this research purpose, the moderated mediation effect analysis using PROCESS macro was conducted in‐depth. Companies received ESG evaluation by Korea Corporate Governance Service were selected as a sample. The results of this study will provide many implications for companies that are driving ESG.

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韩国企业绿色创新与可持续增长的关系:ESG评分的行业调节中介效应

公司的可持续发展作为一项投资决策准则，受到世界各国资产管理公司的重视。因此，企业管理中最重要的问题是环境、社会和治理(ESG)。但是，对ESG的批评已经提出，一些研究发现绿色创新和ESG对财务绩效的影响并不确定或不一致。在这一点上，本研究回顾了ESG相关研究，并考察了绿色创新、ESG和可持续增长之间的关系。本研究通过分析ESG得分的中介作用，考察绿色创新投资是直接影响企业可持续增长，还是通过外部评价ESG得分间接影响企业可持续增长。此外，还添加了一个调节变量，以查看这种关系是否因行业而异。本研究采用PROCESS宏观进行了有调节的中介效应分析。以获得韩国企业支配结构公团ESG评价的企业为样本。这项研究的结果将为推动ESG的公司提供许多启示。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Sustainable Development Multiple-

CiteScore

17.30

自引率

11.20%

发文量

168

期刊介绍： Sustainable Development is a publication that takes an interdisciplinary approach to explore and propose strategies for achieving sustainable development. Our aim is to discuss and address the challenges associated with sustainable development and the Sustainable Development Goals. All submissions are subjected to a thorough review process to ensure that our readers receive valuable and original content of the highest caliber.