创新视角下企业ESG表现对财务绩效的影响机制研究  

Research on the Mechanism of Impact of Corporate ESG Performance on Financial Performance from an Innovation Perspective

作　　者：陈小丽 代莉 Chen Xiaoli;Dai Li(Gingko College of Hospitality Management,Chengdu Sichuan 611743)

机构地区：[1]成都银杏酒店管理学院,四川成都611743

出　　处：《山东纺织经济》2025年第3期13-18,共6页Shandong Textile Economy

摘　　要：本文以2014年至2023年A股上市公司的数据为研究样本,采用回归分析方法,验证了ESG表现与企业财务绩效的关系,并将企业创新能力作为中介变量。通过理论分析与实证研究,本文发现良好的ESG表现能显著提高企业的财务绩效,进一步,ESG表现通过提升企业创新能力,间接促进了企业财务绩效的增长。研究结果还表明,ESG表现对国有企业和非国有企业的财务绩效及创新能力均有显著的正面影响,且对非国有企业的促进作用更为突出。本文的结论为企业通过改善ESG表现来提升创新能力和财务绩效提供了实证支持。The paper takes data from A-share listed companies from 2014 to 2023 as the research sample,and adopts regression analysis to examine the relationship between ESG performance and corporate financial performance,with corporate innovation capability serving as a mediating variable.Through theoretical analysis and empirical research,the paper finds that satisfactory ESG performance can significantly improve the financial performance of the corporate.Furthermore,ESG performance indirectly promotes the growth of corporate financial performance by enhancing the innovation capability of the corporate.The research results also show that ESG performance has a significant positive impact on the financial performance and innovation capability of both state-owned or non-state-owned enterprises.Moreover,the promotion effect of ESG performance on financial performance and innovation capability is more significant in non-state-owned enterprises.The conclusions of this paper provide empirical support for companies to enhance their innovation capability and financial performance by improving their ESG performance.

关 键 词：财务绩效 ESG表现 企业创新 股权性质 

分 类 号：F275[经济管理—企业管理]