摘要
基于2017-2022年沪深A股上市公司的面板数据,剖析数字化转型如何影响企业ESG表现与双元创新之间的关系,同时探究融资约束在这一过程中发挥的中介作用。通过实证分析发现,企业ESG表现良好能够显著推动探索性创新和开发性创新发展。并且,数字化转型对该过程具有积极的调节效应,良好的ESG表现能够降低企业的融资约束,进而推动企业双元创新。通过异质性分析可知,在非国有企业、高新技术行业企业以及获得标准审计意见的企业群体中,ESG表现对双元创新的促进作用更为突出。研究可为我国企业改善ESG表现、拓宽融资渠道、加速数字化转型进程,以及国家相关政策优化等方面提供理论支撑,对推动企业双元创新发展具有重要实践指导意义。
This study examines the relationship between digital transformation,corporate ESG performance,and dual innovation using panel data from Shanghai and Shenzhen A-share listed companies from 2017 to 2022,while also investigating the mediating role of financing constraints in this process.Empirical analysis reveals that strong ESG performance significantly promotes both exploratory and developmental innovation.Additionally,digital transformation exerts a positive moderating effect:superior ESG performance reduces financing constraints,thereby facilitating dual innovation.Heterogeneity analysis shows that the promotional effect of ESG performance on dual innovation is more prominent in non-state-owned enterprises,high-tech industry firms,and companies with standard audit opinions.The findings provide theoretical support for enhancing corporate ESG performance,optimizing financing channels,accelerating digital transformation,and improving national policies in China,while offering important practical guidance for promoting corporate dual innovation.
作者
邹培彦
Zou Peiyan(School of Economics and Management,Hunan University of Technology,Zhuzhou 412000,China)
出处
《科技创业月刊》
2025年第7期146-155,共10页
Journal of Entrepreneurship in Science & Technology
基金
湖南省教育厅科学研究青年项目“数字经济影响湖南省制造业高质量发展的机制、效应与策略研究”(22B0571)
湖南省教育厅研究生教改项目“人工智能条件下会计专硕(MPAcc)教育创新研究”(2020JGYB209)。
关键词
ESG表现
双元创新
融资约束
数字化转型
ESG Performance
Dual Innovation
Financing Constraints
Digital Transformation
作者简介
邹培彦(2002-),女,湖南工业大学经济与管理学院硕士研究生,研究方向:企业财务会计。
