Author(s)

Sunlei Yang, Shaoyou Yu, Huimin Lu

Corresponding Author

Sunlei Yang

Abstract

Based on the data of China's Shanghai and Shenzhen A-share textile companies in 2017-2022, this paper empirically tests the influence of ESG performance of textile listed companies on their technological innovation ability and the specific action process. The results show that ESG performance has a significant positive impact on the technological innovation ability of textile listed companies, and the financing constraint plays an intermediary role in this process. This paper not only enriches the economic consequences of ESG performance and studies of technological innovation of textile listed companies, but also provides empirical evidence and theoretical support for textile listed companies to attach great importance to ESG performance to improve their own technological innovation ability.

Keywords

ESG Performance, Technological Innovation, Financing Constraints, Intermediary effect