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ESG disclosure and technological innovation capabilities of the Chinese listed companies

Lifeng Chen, Mohammad Abedin Orcid Logo, Yuying Gao, Mohammad Zoynul Abedin, Brian Lucey

Research in International Business and Finance, Volume: 65, Start page: 101974

Swansea University Author: Mohammad Abedin Orcid Logo

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DOI (Published version): 10.1016/j.ribaf.2023.101974

Abstract

The main objective of this study is to explore how ESG disclosure effectively promotes technological innovation capabilities (TIC) and also in different industries (green vs. high-tech). Further, examine the role of financing constraint (FC) in the relationship between the ESG disclosure and TIC. We...

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Published in: Research in International Business and Finance
ISSN: 0275-5319
Published: Elsevier BV 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa63248
first_indexed 2023-04-26T06:47:50Z
last_indexed 2024-11-15T18:01:14Z
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spelling 2023-07-10T16:53:23.0373913 v2 63248 2023-04-26 ESG disclosure and technological innovation capabilities of the Chinese listed companies 4ed8c020eae0c9bec4f5d9495d86d415 0000-0002-4688-0619 Mohammad Abedin Mohammad Abedin true false 2023-04-26 CBAE The main objective of this study is to explore how ESG disclosure effectively promotes technological innovation capabilities (TIC) and also in different industries (green vs. high-tech). Further, examine the role of financing constraint (FC) in the relationship between the ESG disclosure and TIC. We employed the panel regression model, Causal step approach, Bootstrap mediation effect test, 2SLS, and GMM model. We used Bloomberg’s ESG disclosure score of China’s A-share listed companies from 2011–2019 (1); we found that the ESG disclosure has a significant relationship with corporate innovation indicators (OTI, STI, NSTI) and play a significant role in promoting TIC at different levels of corporate innovation (2) ESG disclosure of non-green (high-tech) industry is more effectively promote TIC than green (non-high tech) industry (3) ESG disclosure can promote corporate innovation by reducing the level of corporate financing constraints, and FC has a partial intermediary role between ESG and TIC. Journal Article Research in International Business and Finance 65 101974 Elsevier BV 0275-5319 Environmental, Social and governance (ESG) disclosures, Technological innovation capability (TIC), Green and High-tech industries, Financing constraints (FC), Chinese listed firms 1 4 2023 2023-04-01 10.1016/j.ribaf.2023.101974 http://dx.doi.org/10.1016/j.ribaf.2023.101974 COLLEGE NANME Management School COLLEGE CODE CBAE Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2023-07-10T16:53:23.0373913 2023-04-26T07:41:29.2987055 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Lifeng Chen 1 Mohammad Abedin 0000-0002-4688-0619 2 Yuying Gao 3 Mohammad Zoynul Abedin 4 Brian Lucey 5 63248__27602__e7c28a111a55442b89de6561793b912e.pdf 63248.pdf 2023-05-24T15:02:39.4364244 Output 813491 application/pdf Version of Record true © 2023 The Author(s). Published by Elsevier B.V. Distributed under the terms of a Creative Commons Attribution 4.0 License (CC BY 4.0). true eng http://creativecommons.org/licenses/by/4.0/
title ESG disclosure and technological innovation capabilities of the Chinese listed companies
spellingShingle ESG disclosure and technological innovation capabilities of the Chinese listed companies
Mohammad Abedin
title_short ESG disclosure and technological innovation capabilities of the Chinese listed companies
title_full ESG disclosure and technological innovation capabilities of the Chinese listed companies
title_fullStr ESG disclosure and technological innovation capabilities of the Chinese listed companies
title_full_unstemmed ESG disclosure and technological innovation capabilities of the Chinese listed companies
title_sort ESG disclosure and technological innovation capabilities of the Chinese listed companies
author_id_str_mv 4ed8c020eae0c9bec4f5d9495d86d415
author_id_fullname_str_mv 4ed8c020eae0c9bec4f5d9495d86d415_***_Mohammad Abedin
author Mohammad Abedin
author2 Lifeng Chen
Mohammad Abedin
Yuying Gao
Mohammad Zoynul Abedin
Brian Lucey
format Journal article
container_title Research in International Business and Finance
container_volume 65
container_start_page 101974
publishDate 2023
institution Swansea University
issn 0275-5319
doi_str_mv 10.1016/j.ribaf.2023.101974
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1016/j.ribaf.2023.101974
document_store_str 1
active_str 0
description The main objective of this study is to explore how ESG disclosure effectively promotes technological innovation capabilities (TIC) and also in different industries (green vs. high-tech). Further, examine the role of financing constraint (FC) in the relationship between the ESG disclosure and TIC. We employed the panel regression model, Causal step approach, Bootstrap mediation effect test, 2SLS, and GMM model. We used Bloomberg’s ESG disclosure score of China’s A-share listed companies from 2011–2019 (1); we found that the ESG disclosure has a significant relationship with corporate innovation indicators (OTI, STI, NSTI) and play a significant role in promoting TIC at different levels of corporate innovation (2) ESG disclosure of non-green (high-tech) industry is more effectively promote TIC than green (non-high tech) industry (3) ESG disclosure can promote corporate innovation by reducing the level of corporate financing constraints, and FC has a partial intermediary role between ESG and TIC.
published_date 2023-04-01T05:25:38Z
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score 11.04748

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