Jiayi Yang , Zhili Zuo , Yonglin Li , Haixiang Guo
{"title":"制造企业走向可持续发展:ESG绩效、基于市场的环境监管和绿色技术创新","authors":"Jiayi Yang , Zhili Zuo , Yonglin Li , Haixiang Guo","doi":"10.1016/j.jenvman.2024.123244","DOIUrl":null,"url":null,"abstract":"<div><div>The traditional extensive development of the manufacturing industry has caused significant environmental damage. Consequently, the manufacturing sector urgently needs a green transformation to achieve sustainable development. The primary goal of current research is to examine the extent to which green technological innovation (GTI) impacts enterprises' environmental, social, and governance (ESG) performance. Moreover, it determines if this impact varies across enterprises of different natures, resource allocation capabilities, and geographical regions. Furthermore, we will explore how GTI affects the ESG performance of companies through internal and external mechanisms. We empirically examine these issues through panel models using a sample of 3203 Chinese manufacturing firms with 28,334 observations from 2006 to 2022. The findings reveal that (i) GTI significantly enhances firms' ESG performance; (ii) market-based environmental regulation positively influences the relationship between GTI and ESG performance; (iii) GTI contributes to improving a firm's ESG performance by reducing carbon emission intensity; and (iv) the impact of GTI on firms' ESG performance is notably pronounced among non-state-owned enterprises, those with high green total factor productivity, and firms in the central region. Collectively, these findings present a clear pathway for firms to enhance their ESG performance, provide a theoretical foundation for government policy decisions, and contribute to sustainable development.</div></div>","PeriodicalId":356,"journal":{"name":"Journal of Environmental Management","volume":"372 ","pages":"Article 123244"},"PeriodicalIF":8.0000,"publicationDate":"2024-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Manufacturing enterprises move towards sustainable development: ESG performance, market-based environmental regulation, and green technological innovation\",\"authors\":\"Jiayi Yang , Zhili Zuo , Yonglin Li , Haixiang Guo\",\"doi\":\"10.1016/j.jenvman.2024.123244\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>The traditional extensive development of the manufacturing industry has caused significant environmental damage. Consequently, the manufacturing sector urgently needs a green transformation to achieve sustainable development. The primary goal of current research is to examine the extent to which green technological innovation (GTI) impacts enterprises' environmental, social, and governance (ESG) performance. Moreover, it determines if this impact varies across enterprises of different natures, resource allocation capabilities, and geographical regions. Furthermore, we will explore how GTI affects the ESG performance of companies through internal and external mechanisms. We empirically examine these issues through panel models using a sample of 3203 Chinese manufacturing firms with 28,334 observations from 2006 to 2022. The findings reveal that (i) GTI significantly enhances firms' ESG performance; (ii) market-based environmental regulation positively influences the relationship between GTI and ESG performance; (iii) GTI contributes to improving a firm's ESG performance by reducing carbon emission intensity; and (iv) the impact of GTI on firms' ESG performance is notably pronounced among non-state-owned enterprises, those with high green total factor productivity, and firms in the central region. Collectively, these findings present a clear pathway for firms to enhance their ESG performance, provide a theoretical foundation for government policy decisions, and contribute to sustainable development.</div></div>\",\"PeriodicalId\":356,\"journal\":{\"name\":\"Journal of Environmental Management\",\"volume\":\"372 \",\"pages\":\"Article 123244\"},\"PeriodicalIF\":8.0000,\"publicationDate\":\"2024-11-18\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Environmental Management\",\"FirstCategoryId\":\"93\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0301479724032304\",\"RegionNum\":2,\"RegionCategory\":\"环境科学与生态学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"ENVIRONMENTAL SCIENCES\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Environmental Management","FirstCategoryId":"93","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0301479724032304","RegionNum":2,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENVIRONMENTAL SCIENCES","Score":null,"Total":0}
Manufacturing enterprises move towards sustainable development: ESG performance, market-based environmental regulation, and green technological innovation
The traditional extensive development of the manufacturing industry has caused significant environmental damage. Consequently, the manufacturing sector urgently needs a green transformation to achieve sustainable development. The primary goal of current research is to examine the extent to which green technological innovation (GTI) impacts enterprises' environmental, social, and governance (ESG) performance. Moreover, it determines if this impact varies across enterprises of different natures, resource allocation capabilities, and geographical regions. Furthermore, we will explore how GTI affects the ESG performance of companies through internal and external mechanisms. We empirically examine these issues through panel models using a sample of 3203 Chinese manufacturing firms with 28,334 observations from 2006 to 2022. The findings reveal that (i) GTI significantly enhances firms' ESG performance; (ii) market-based environmental regulation positively influences the relationship between GTI and ESG performance; (iii) GTI contributes to improving a firm's ESG performance by reducing carbon emission intensity; and (iv) the impact of GTI on firms' ESG performance is notably pronounced among non-state-owned enterprises, those with high green total factor productivity, and firms in the central region. Collectively, these findings present a clear pathway for firms to enhance their ESG performance, provide a theoretical foundation for government policy decisions, and contribute to sustainable development.
期刊介绍:
The Journal of Environmental Management is a journal for the publication of peer reviewed, original research for all aspects of management and the managed use of the environment, both natural and man-made.Critical review articles are also welcome; submission of these is strongly encouraged.