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The impact of ESG Performance on Corporate Financial Performance with Green Technological Innovation Capability as a Moderator Variable

Author(s)

Deng Yayun*

Affiliation(s)

Department of Accounting, Guangdong University of Foreign Studies, Guangzhou, Guangdong, China *Corresponding Author.

Abstract

Good ESG performance reflects corporate responsibility to society and the environment, conforms to the trend of the times and promotes long-term corporate development. In this thesis, the hypothesis that excellent ESG outcome has a significant enhancing influence on corporate performance is verified by regression analysis with Stata16.0 utilizing the data of 2014-2023 A-share listed companies in Shanghai and Shenzhen obtained from CSMAR database. Then through the regression analysis of moderating role, the green technology innovation capability (GTIC) playing a significant moderating role of negative inhibition in the impact of ESG performance on financial performance can be found. This thesis explores the factors affecting the strength of the relationship between ESG and financial results, and the conclusions of the study provide informative and guiding suggestions for enterprises to improve their financial return.

Keywords

ESG Performance; Financial Performance; Green Technological Innovation Capability; Moderator

References

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