The Role of ESG and the Securities Market in Driving Green Sustainable Innovation in Carbon-Intensive Industries
ESGと証券市場が炭素集約産業におけるグリーン・サステナブル・イノベーションを促進する役割 (AI 翻訳)
Yuyi Pan
🤖 gxceed AI 要約
日本語
本論文は、ESG評価と証券市場が炭素集約産業におけるグリーン技術開発をどのように促進するかを検討する。ESGスコアが資金調達コストや株式プレミアムに与える影響を分析し、グリーンイノベーションへの研究開発支出との関係を実証する。さらに、事例比較分析を通じて、ESGに動機づけられた資金が具体的なグリーン技術イニシアチブに変わるプロセスを示す。結論として、企業は高ESG評価を目指して低炭素技術を開発し、投資を引き寄せることでさらなる資金調達を可能にする。
English
This paper examines how ESG ratings and securities markets drive green technology development in carbon-intensive industries. It analyzes the impact of ESG scores on financing costs and equity premiums, and tests their effect on R&D expenditure for green innovation. Through comparative case analysis, it demonstrates how ESG-motivated financing translates into tangible green technology initiatives. Firms develop low-carbon technologies to achieve higher ESG ratings, attract investment, and secure further funding for R&D.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本の証券市場でもESG評価の影響力が強まっており、特に炭素集約産業のグリーン転換を促す政策と連動する。本論文は、ESGと研究開発投資のリンクを整理し、SSBJや有報でのESG開示の実務的示唆を提供する。
In the global GX context
Globally, ESG ratings are increasingly used to allocate capital to sustainable firms, aligning with TCFD/ISSB disclosure frameworks. This paper provides empirical evidence linking ESG scores to green innovation spending, relevant for transition finance and corporate strategy under CSRD/SEC climate rules.
👥 読者別の含意
🔬研究者:The paper offers a conceptual and empirical framework linking ESG ratings to green R&D expenditure, useful for scholars studying sustainable finance and innovation.
🏢実務担当者:Corporate sustainability teams can use the findings to justify green R&D investments as a means to improve ESG ratings and reduce financing costs.
🏛政策担当者:Regulators may consider the paper's evidence when designing policies that incentivize green innovation through ESG-linked financing channels.
📄 Abstract（原文）
Nowadays, sustainable development has become a hot topic in the securities market. Indicators reflecting corporate sustainability, such as ESG ratings, exert an increasingly significant influence on corporate financing activities. This paper explores how ESG ratings and the securities market drive the development of green sustainable technologies in enterprises. The ESG-rating mechanism will be outlined, then linking ESG scores to financing costs and equity premiums, testing their effect on development expenditure on green sustainable innovation, and finally identifying the limits and improvements. The methodology proceeds in three concise steps. First, systematic searches were conducted on relevant websites to collect peer-reviewed studies and policy reports related to ESG, green finance and innovation in carbon-intensive industries. Second, these findings were merged with panel data on listed firms ESG scores, R&D expenditure, green patents and financing costs data. Third, quantitative findings were integrated with comparative case analyses to demonstrate how ESG-motivated financing is transformed into tangible green technology initiatives. Enterprises will actively develop green and low-carbon technologies to achieve a higher ESG rating, thereby attracting more investment and increasing their popularity in the securities market. Consequently, such financing will also provide financial support for the subsequent development of green sustainable technologies, encouraging enterprises to increase their investment in R&D.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.54254/2754-1169/2026.ld31439first seen 2026-05-15 21:10:40
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。