ESG格付の乖離が企業のグリーンイノベーションの持続可能性に与える影響に関する研究

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

🔬研究者:ESG格付乖離の経済的影響を実証した新規性の高い研究で、メカニズムと異質性の分析が参考になる。

🏢実務担当者:ESG格付のばらつきが資金調達やリスクに影響するため、開示戦略や格付対応の重要性を示す。

🏛政策担当者:格付機関の規制や開示基準の調和が企業の持続的イノベーションに寄与する可能性を示す。

As ESG principles have become increasingly influential in guiding investment strategies and corporate decisions, notable variations in ESG evaluations across different rating organizations have become a frequent occurrence. Yet, the precise mechanisms through which these variations affect corporate efforts in sustainable innovation are not fully understood. This study focuses on Chinese A-share companies listed in Shanghai and Shenzhen between 2015 and 2022, analyzing how divergences in ESG ratings influence the long-term viability of corporate green innovation and the underlying dynamics. The findings reveal that discrepancies in ESG ratings undermine the enduring nature of corporate green innovation. Further analysis of mechanisms indicates that limited access to financing and heightened business risks serve as critical pathways through which ESG rating divergences impair the continuity of green innovation. Results from heterogeneity analysis suggest that, in contrast to non-heavy-polluting firms and state-owned entities, the adverse effects of ESG rating divergences on green innovation persistence are more pronounced in heavy-polluting firms and non-state-owned entities. This study sheds light on the consequences of ESG rating divergences for the persistence of corporate green innovation, broadens the scope of research on ESG rating variations and the durability of green innovation, and offers empirical support for enhancing China’s ESG rating framework and fostering the long-term viability of corporate green innovation.

• semanticscholar https://hbemdata.net/index.php/ojs/article/download/33/29first seen 2026-09-01 05:43:55