企业ESG表现对绿色技术创新的影响研究——基于数字化转型的调节作用
Research on the Impact of Enterprise ESG Performance on Green Technology Innovation—The Regulatory Role Based on Digital Transformation

在双碳目标的作用下，企业ESG作为绿色可持续发展的重要指标，对绿色技术创新的研究具有重要意义。文章以2012~2022年沪深A股上市公司为研究样本，通过构建双向固定效应模型，对企业ESG表现与绿色技术创新之间的关系进行研究，分维度的研究环境、社会责任与公司治理对绿色技术创新的影响，并探讨数字化转型在ESG与绿色技术创新之间的调节作用，再进一步根据企业规模、产权性质进行异质性分析。研究发现，企业ESG表现对绿色技术创新有正向的促进作用，数字化转型在ESG与绿色技术创新之间起到调节作用。在异质性分析中，大规模企业相比小规模企业，企业ESG表现对绿色技术创新的促进作用更为显著；与非国有企业相比，企业ESG表现国有企业的绿色技术创新的促进作用更加显著，研究结果有助于推动企业可持续发展。
Under the dual carbon goals, ESG of enterprises, as an important indicator of green and sustainable development, is of great significance for the research of green technology innovation. The article takes A-share listed companies in Shanghai and Shenzhen from 2012 to 2022 as research samples, and constructs a two-way fixed effects model to study the relationship between corporate ESG performance and green technology innovation. It conducts a multidimensional study on the impact of environment, social responsibility, and corporate governance on green technology innovation, and explores the moderating effect of digital transformation on ESG and green technology innovation. Furthermore, heterogeneity analysis is conducted based on enterprise size and property rights. Research has found that corporate ESG performance has a positive promoting effect on green technology innovation, and digital transformation plays a moderating role between ESG and green technology innovation. In heterogeneity analysis, the ESG performance of large-scale enterprises has a more significant promoting effect on green technology innovation compared to small-scale enterprises; Compared with non-state-owned enterprises, the ESG performance of state-owned enterprises has a more significant promoting effect on green technology innovation, and the research results are helpful in promoting sustainable development of enterprises.