The Impact of Green Innovation and Green Finance on Corporate ESG Performance
グリーンイノベーションとグリーンファイナンスが企業のESGパフォーマンスに与える影響 (AI 翻訳)
Zhaoke Feng, Chaminda Wijethilake
🤖 gxceed AI 要約
日本語
中国A株上場企業（2012〜2022年）のデータを用い、グリーンイノベーションとグリーンファイナンスがESGパフォーマンスに与える影響を検証。グリーンイノベーションはESG、特に環境面を向上させる。グリーンファイナンスは資金調達制約を緩和し、ESG成果を高める。両者の相互作用は正であり、補完関係にある。
English
Using data from Chinese A-share listed firms (2012-2022), this study examines how green innovation and green finance affect corporate ESG performance. Green innovation improves ESG, especially the environmental dimension. Green finance enhances ESG by easing financing constraints. Their interaction is positive, indicating complementarity. Findings provide insights for China's green transition and ESG investment.
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
中国市場におけるESGパフォーマンスとグリーンファイナンスの関連を実証した研究。日本企業への直接適用は限定的だが、グリーンイノベーションとファイナンスの補完関係は、日本のESG投資や政策設計に示唆を与える可能性がある。
In the global GX context
This paper provides empirical evidence on how green innovation and green finance jointly improve ESG performance in China, offering insights for emerging economies. While not directly applicable to Japan, the findings on complementarity between innovation and finance are relevant for global ESG investment strategies and policy frameworks.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the complementarity of green innovation and green finance in enhancing ESG performance, using panel data and GMM methods.
🏢実務担当者:Highlights how green finance can support ESG improvements by easing financing constraints, guiding corporate sustainability strategies.
🏛政策担当者:Offers insights for designing policies that integrate green innovation support with green finance mechanisms to boost corporate ESG outcomes.
📄 Abstract（原文）
Amid the transition towards a low‐carbon economy and the pursuit of sustainable development goals, ESG performance has become a key indicator of long‐term corporate sustainability. Drawing on data from Chinese A‐share listed companies between 2012 and 2022, this study examines how green innovation and green finance affect corporate ESG performance. We employed a two‐way fixed‐effects model and a dynamic panel GMM model to test the hypotheses. Our results show that green innovation improves ESG performance, particularly in the environmental dimension. Green finance enhances ESG outcomes by easing financing constraints, thereby boosting market confidence and supporting regulatory reforms. Notably, the interaction between green innovation and green finance is positive, indicating that they complement each other. By integrating regulatory conditions and firm capabilities within a single framework, the findings provide new insights into China's green transition to guide policy development and ESG‐focused investment.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.1002/bse.71050first seen 2026-06-05 05:35:06
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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。