Research on the Impact of ESG Practices on the Development of New Quality Productive Forces in Enterprises

DOI: https://doi.org/10.62517/jmsd.202412403

Author(s)

Yi Zhang1,*, Yihan Wang1, Tong Lin2

Affiliation(s)

1School of Business Administration, Liaoning Technical University, Huludao, Liaoning, China 2School of Urban Economics and Public Administration, Capital University of Economics and Business, Beijing, China *Corresponding Author.

Abstract

The idea of new quality productive forces has received a lot of attention since it is particularly important for the advancement of high-quality economic transformation, according to both academia and business. This article examines the connection between ESG practices and the emergence of new, high-quality productive forces using data from Chinese A-share listed companies from 2013 to 2022. The findings demonstrate that the emergence of new, high-caliber productive forces in A-share listed businesses is aided by significant improvements in ESG ratings. In the cross validation of the Wind ESG rating database and the SSI ESG rating database, the research findings are steady and consistent. This work adds to the body of knowledge regarding the ESG concept and offers some theoretical guidance for businesses looking to expand sustainably.

Keywords

ESG; New Quality Productive Forces; Entropy Method; Sustainable Development

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