摘要
建设原则和目标与ESG理念高度契合的创新型城市建设,可以通过促进创新来改善企业ESG表现;企业的动态能力越强,越能充分利用创新型城市建设的政策红利,从而有更为明显的ESG表现改善。把国家创新型城市试点作为一项准自然实验,将动态能力解构为适应能力、吸收能力和创新能力3个维度,并以其耦合协调度衡量企业总体动态能力,采用沪深A股制造业上市公司2006—2021年的数据,运用PSM-DID方法进行实证检验,结果发现:国家创新型城市试点显著改善了试点城市企业的ESG表现,企业创新能力和总体动态能力在其中产生了显著的正向调节作用(强化了创新型城市建设的ESG表现改善效应),但适应能力和吸收能力的调节作用不明显;创新型城市建设对高污染行业企业、数字化水平较低城市企业ESG表现的改善作用显著,但对低污染行业企业、数字化水平较高城市企业没有显著影响。因此,应进一步推进创新型城市建设,提高企业的动态能力及其系统功效,切实促进企业ESG表现改善。此外,还需改进企业动态能力的评价指标和方法。
The construction of innovative cities has become an important starting point for implementing the national innovation-driven strategy and building an innovative country,which is of great significance for achieving high-quality development of the Chinese path to modernization.This study focuses on how to enhance the ESG(Environmental,Social,and Governance)performance of manufacturing enterprises under the opportunities brought by national innovation city construction and how to stimulate the intrinsic dynamics of manufacturing enterprises during this process.These issues hold vital theoretical and practical significance for China’s manufacturing sector to implement new development concepts,promote high-quality development,and move towards a manufacturing powerhouse.Based on panel data from 299 A-share manufacturing listed companies in Chinese cities from 2006 to 2021,this paper uses the PSM-DID method to study the impact of innovative city construction policies on the ESG performance of manufacturing enterprises and the endogenous capability mechanism of enterprises.The research results indicate that the construction of innovative cities can promote the improvement of the ESG performance of manufacturing enterprises in the jurisdiction.The dynamic capabilities of the three dimensions of adaptability,absorption capacity,and innovation capacity of manufacturing enterprises have different strengthening effects on policy promotion of ESG improvement.However,the strengthening mechanism of the coupling and coordinated scheduling of their dynamic capabilities system is obvious.Further research based on heterogeneity indicates that:under high pollution heterogeneity,innovative city construction has a more significant positive impact on the ESG performance of highly polluting manufacturing enterprises,while its positive impact on the ESG performance of low-pollution enterprises is not significant;under the heterogeneity of urban digital development levels,the improvement effect of innovative city construction on the ESG performance of manufacturing firms is not significant in the case of cities with higher digitalization levels,while the improvement effect is significant in cities with lower digitalization levels.Compared with the existing similar studies,the characteristics and marginal contributions of this study are mainly as follows:firstly,it explores the improvement effect of national innovative city construction policies on the ESG performance of manufacturing enterprises,thereby expanding the research on the evaluation of the effects of national innovative city construction policies;secondly,it explores the mechanism of the dimensions of the dynamic capability system and their coupling effects in the process of national innovative city construction to promote the high-quality development of manufacturing enterprises taking into account the environment,society and governance.It also reveals the critical role of the synergistic effects of various dimensions of the dynamic capability system in the high-quality sustainable development of manufacturing enterprises;thirdly,it expands the research on the differences in the impact of national innovative city construction on the ESG performance of manufacturing enterprises from perspectives of property rights attributes,high pollution characteristics,and urban digitalization level heterogeneity,and provides empirical evidence for using policy effects to improve the ESG performance of manufacturing enterprises.The research conclusions of the paper provide insights and policy references for the evaluation of the policy effects of national innovative city construction,the mechanism of improving the ESG performance of manufacturing enterprises,and how innovative city construction can promote high-quality development of the real economy.
作者
李光荣
侯二秀
王延霖
LI Guang-rong;HOU Er-xiu;WANG Yan-lin(School of Economics and Management,Inner Mongolia University of Technology,Hohhot 010051,Inner Mongolia,China;Inner Mongolia Key Research Base of Humanities and Social Sciences,Hohhot 010051,Inner Mongolia,China;Inner Mongolia Modern Management Research Center,Hohhot 010051,Inner Mongolia,China)
出处
《西部论坛》
北大核心
2024年第2期55-68,共14页
West Forum
基金
国家自然科学基金项目(72261029)
内蒙古高等学校青年科技英才支持计划项目(NJYT22076)
内蒙古高校基本科研项目(JY20220333)。
关键词
创新型城市
ESG表现
动态能力
适应能力
吸收能力
创新能力
耦合协调度
innovative city
ESG performance
dynamic capability
adaptability
absorption capacity
innovation capacity
coupling coordination degree
