Empirical Evidence of ESG Development, Enterprise Innovation, and Carbon Emission Intensity Based on Text Analysis

Yangshunzi  Sun; Qianqian  Ning; Qianqian  Ning

doi:10.54691/azc73b54

Authors

Yangshunzi Sun
Qianqian Ning
Qianqian Ning

DOI:

https://doi.org/10.54691/azc73b54

Keywords:

Green technology innovation; Benchmark regression model; ESG; Carbon neutral; Text Analysis.

Abstract

For the double carbon enterprise sustainable development ability and the relationship between carbon emissions, the first screening China a-share listed companies 2011-2018 annual report information, using text analysis to establish ESG development level index, followed by the benchmark regression model, learned that ESG development level and carbon intensity of inverted U type, and the robustness test and tool variable regression method, again using the ESG for green technology innovation of nonlinear relationship, technology innovation U-type effect will lead to carbon intensity before reduction. Finally, further heterogeneity test shows that the ESG development effect of eastern provinces is better than the central and western provinces; the ESG development in low market areas does not bring synchronous reduction of carbon intensity; the ESG development effect of large-scale enterprises is inferior to that of small-scale enterprises. It is concluded that China has exceeded the inverted U-shaped extreme value point on the average level, and enterprises and governments should continue to practice ESG to promote the realization of the "carbon neutral" goal.

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