STEMM Institute Press
Science, Technology, Engineering, Management and Medicine
The Action Mechanisms of Environmental Compensation Promoting Enterprises’ Green Development
DOI: https://doi.org/10.62517/jse.202511306
Author(s)
Fushuai Wang1, Gulnara Shakirova1,*, Wenqian Zhang2,3
Affiliation(s)
1Farabi Business School, Al-Farabi Kazakh National University, Almaty, Kazakhstan 2College of Economics, Shandong University of Technology, Zibo, Shandong, China 3Zhangdian District Human Resources and Social Security Bureau, Zibo, Shandong, China *Corresponding Author
Abstract
To address climate change, environmental protection and corporate operations are considered to require collaborative development. Based on the principle of environmental compensation, this study analyzes the direct and indirect mechanisms of action on enterprises' green development. The research finds that environmental compensation directly promotes enterprises' green development from multiple dimensions, including corporate reputation, sustainable concepts, and strategic management. Meanwhile, environmental compensation can indirectly facilitate the transformation of enterprises toward green development by enhancing ESG performance and promoting technological innovation.
Keywords
Corporate Finance; Environmental Compensation; Green Development; ESG Performance; Green Innovation
References
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