Fostering High-Quality Corporate Development through ESG-Driven Technological Innovation: A Moderated Mediation Analysis

Peiyou Yu, Zhiji Zuo and Da Lian ()
Additional contact information
Peiyou Yu: Qingdao University of Science and Technology
Zhiji Zuo: Qingdao University of Science and Technology
Da Lian: Qingdao University of Science and Technology

Journal of the Knowledge Economy, 2024, vol. 15, issue 4, No 77, 17598-17629

Abstract: Abstract In the pursuit of corporate high-quality development (HQD), this research delves into the intricate relationship between environmental, social, and governance (ESG) performance, technological innovation, and Chinese A-share-listed companies from 2011 to 2020. We present empirical evidence of a significant positive correlation between ESG performance and HQD, enriching the landscape of sustainable business practices. Importantly, this study introduces technological innovation as a pivotal mediator in this association, shedding light on its critical role in translating ESG endeavors into superior outcomes. The theoretical implications of this research are twofold. Firstly, it solidifies the empirical basis for the positive impact of ESG performance on HQD, advancing our understanding of this critical relationship. Also, by identifying technological innovation as a mediator, this study offers a novel perspective, revealing the intricate mechanisms through which ESG practices shape high-quality corporate development. This discovery expands theoretical frameworks in sustainability and innovation management, enabling a deeper understanding of these dynamics. From a managerial perspective, this study underscores the strategic importance of integrating ESG initiatives into core business strategies. Aligning mission statements, corporate governance, and daily operations with ESG principles enhances reputation and stakeholder engagement and drives high-quality development through responsible decision-making. Moreover, transparency in ESG reporting, using frameworks like GRI and SASB, fosters trust and accountability, promoting sustainable growth. Our research also emphasizes the necessity of technology investment to facilitate high-quality development. Organizations should prioritize innovation, research, and development, as technology streamlines production, differentiates products, and reduces costs, ultimately enhancing overall performance. In terms of policy recommendations, we urge policymakers to incentivize ESG practices and technology innovation through regulations, tax incentives, and support for collaborative ecosystems. These initiatives can align economic development with sustainability goals, creating a conducive environment for responsible business practices and innovation.

Keywords: ESG performance; High-quality corporate development; Technological innovation; Ownership structure; Moderated mediation effect (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-024-01793-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jknowl:v:15:y:2024:i:4:d:10.1007_s13132-024-01793-4

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-024-01793-4

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().