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The Relationship Between Corporate ESG Performance and Innovation Input Intensity In China: An Analysis Based on the Industrial Heterogeneity of High-Tech Enterprises

Author(s)

Dihan Zheng*

Affiliation(s)

School of Business Administration, Guizhou University of Finance and Economics, Guiyang, China *Corresponding Author

Abstract

Based on the stakeholder theory and competitive strategy theory, this paper takes the financial data of Chinese A-share listed companies on the Shanghai Stock Exchange of China from 2008 to 2024 as the research sample, and empirically examines the relationship between corporate ESG performance and innovation input intensity(IPI) by adopting the multiple linear regression method. The results show that good ESG performance can significantly promote the improvement of corporate innovation input intensity. From the perspective of industrial heterogeneity, the positive impact of ESG performance on innovation input intensity is more prominent in high-tech enterprises. This study optimizes the measurement index of innovation input and explores the industry heterogeneity of the impact of ESG performance, which enriches the research on the economic consequences of corporate ESG performance and provides practical references for enterprises to improve ESG performance and increase innovation investment.

Keywords

ESG Performance; Innovation Input Intensity; High-Tech Enterprises; Competitive Strategy; Industrial Heterogeneity

References

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