ABSTRACT
Introdution: The high-quality development of the economy depends on the parallel progress of enterprises, it is particularly urgent to strengthen the research on the high-quality development of enterprises. Existing studies have conducted comprehensive analyses of the internal and external influencing factors of high-quality development of enterprises from different aspects. The study has mainly reviewed the literature about the high-quality development of enterprises from the historical evolution and current situation, definition, measurement and explored the influencing factors from four aspects: ESG, government incentive policies, green innovation, and innovation organization culture and to explore possible influence and path and relationship among different factors for further empirical research. The study found that (1) high-quality enterprise development has replaced rapid expansion as one of China's economic priorities. Sustainable and equitable growth is prioritized over rapid economic expansion. (2) ESG, green innovation, and innovation organization culture can have a positive impact on High-quality of enterprises, the influence of government incentive policy is ambiguity.
Objective: The objective of this study is to investigate influence factors of high-quality development of enterprise and to analysis ESG, government incentive policies, green innovation, and innovation organization culture influence path and relationship among different factors.
Theoretical Framework: The theory used is behavior change support from Robertson (1993). It refers to the behavior that employees willingly adopt and actively engage in in organizational management activities. This factor is crucial for the success of any organizational change.
Results and Discussion: The study found that ESG, green innovation, and innovation organization culture can have an impact on High-quality of enterprises, the influence of government incentive policy is ambiguity. Future studies can explore technology innovation and corporate social responsibility, so as to help firms understand how their ESG performance affects their high-quality development and lead sustainable practices and innovation decisions.
Research Implications: The study intends to expand the range of ESG-related academic views and suggest meaningful managerial implications for companies that want to practice ESG.
Keywords: High-quality Development of Enterprise, ESG, Government Incentive Policy, Green Innovation, Innovation Organization Culture.
RESUMO
Introduçâo: O desenvolvimento de alta qualidade da economia depende do progresso paralelo das empresas, é particularmente urgente reforçar a investigaçâo sobre о desenvolvimento de alta qualidade das empresas. Os estudos existentes conduziram análises abrangentes dos fatores de influencia internos e externos do desenvolvimento de alta qualidade das empresas de diferentes aspectos. O estudo analisou principalmente a literatura sobre o desenvolvimento de alta qualidade das empresas a partir da evoluçâo histórica e situaçâo atual, definiçâo, mediçâo e explorou os fatores de influencia de quatro aspectos: ESG, políticas de incentivo do go verno, inovaçâo verde e cultura de organizaçâo da inovaçâo e para explorar possíveis influencia e caminho e relaçâo entre diferentes fatores para a pesquisa empírica adicional. O estudo descobriu que (1) о desenvolvimento de empresas de alta qualidade substituiu a rápida expansão como uma das prioridades económicas da China. O crescimento sustentável e equitativo tem prioridade sobre a rápida expansáo económica. (2) O ESG, a inovaçâo ecológica e a cultura de organizaçâo da inovaçâo pođem ter um impacto positivo na elevada qualidade das empresas, a influencia da política de incentivos do governo é ambigua.
Objetivo: O objetivo deste estudo é investigar fatores de influencia do desenvolvimento de alta qualidade da empresa e analisar o ESG, políticas de incentivo do governo, inovaçâo verde e cultura de organizaçâo de inovaçâo influenciam o caminho e o relacionamento entre diferentes fatores.
Estrutura Teórica: A teoría usada é o suporte à mudança de comportamento de Robertson (1993). Refere-se ao comportamento que os funcionarios adotam voluntariamente e se envolvem ativamente em atividades de gerenciamento organizacional. Este fator é crucial para o sucesso de qualquer mudança organizacional.
Resultados e discussâo: о estudo descobriu que a cultura de organizaçâo de ESG, inovaçâo ecológica e inovaçâo pode ter um impacto na alta qualidade das empresas, a influencia da política de incentivos do governo é ambigua. Estudos futuros podem explorar a inovaçâo tecnológica e a responsabilidade social corporativa, de modo a ajudar as empresas a entender como o desempenho do ESG afeta seu desenvolvimento de alta qualidade e conduzir práticas sustentáveis e decisőes de inovaçâo.
Implicaçöes da pesquisa: O estudo pretende expandir a gama de visoes académicas relacionadas ao ESG e sugerir implicaçöes gerenciais significativas para empresas que desejam praticar o ESG.
Palavras-chave: Desenvolvimento Empresarial de Alta Qualidade, ESG, Política de Incentivo Governamental, Inovaçâo Verde, Cultura de Organizaçâo de Inovaçâo.
RESUMEN
Introduçâo: El desarrollo de alta calidad de la economía depende del progreso paralelo de las empresas, es particularmente urgente fortalecer la investigación sobre el desarrollo de alta calidad de las empresas. Los estudios existentes han llevado a cabo análisis exhaustivos de los factores internos y externos que influyen en el desarrollo de alta calidad de las empresas desde diferentes aspectos. El estudio ha revisado principalmente la literatura sobre el desarrollo de alta calidad de las empresas a partir de la evolución histórica y la situación actual, la definición, medición y explorado los factores de influencia desde cuatro aspectos: ASG, políticas de incentivos gubernamentales, innovación verde y cultura de organización de la innovación y explorar la posible influencia y el camino y la relación entre los diferentes factores para una mayor investigación empírica. El estudio encontró que (1) el desarrollo empresarial de alta calidad ha reemplazado la rápida expansión como una de las prioridades económicas de China. Se da prioridad al crecimiento sostenible y equitativo por encima de la rápida expansión económica.
(2) ASG, innovación verde y cultura de organización de innovación pueden tener un impacto positivo en la alta calidad de las empresas, la influencia de la política de incentivos gubernamentales es ambigüedad.
Objetivo: El objetivo de este estudio es investigar los factores de influencia del desarrollo de alta calidad de la empresa y analizar los ASG, las políticas de incentivos gubernamentales, la innovación verde, la innovación y la cultura de organización de la innovación influyen en el camino y la relación entre los diferentes factores.
Marco teórico: La teoría utilizada es soporte de cambio de comportamiento de Robertson (1993). Se refiere al comportamiento que los empleados adoptan voluntariamente y participan activamente en las actividades de gestión organizativa. Este factor es crucial para el éxito de cualquier cambio organizacional.
Resultados y discusión: El estudio encontró que la ESG, la innovación verde y la cultura de la organización de la innovación pueden tener un impacto en la alta calidad de las empresas, la influencia de la política de incentivos del gobierno es ambigüedad. Los estudios futuros pueden explorar la innovación tecnológica y la responsabilidad social corporativa, para ayudar a las empresas a comprender cómo su desempeño ASG afecta su desarrollo de alta calidad y liderar prácticas sostenibles y decisiones de innovación.
Implicaciones de la investigación: El estudio pretende ampliar la gama de puntos de vista académicos relacionados con ESG y sugerir implicaciones administrativas significativas para las empresas que quieren practicar ESG.
Palabras clave: Desarrollo de Alta Calidad de la Empresa, ASG, Política de Incentivos Gubernamentales, Innovación Verde, Organización de la Innovación Cultura.
1 INTRODUCTION
Violent conflicts and climate change impede progress in food security, nutrition, health, education, and environmental sustainability (Clemente-Suárez et al., 2022). The global economy struggles with unequal growth, low efficiency, quality, and innovation. Resource overexploitation and ecological deterioration are doomed by the comprehensive economic development paradigm. What should be noticed is that this development paradigm is approaching environmental limits. Thus, society must prioritize energy efficiency, environmental care, and excellence in development. The economy is shifting from rapid expansion to high-quality development (Fang, 2023). The Chinese work report aims to peak carbon emissions by 2030 and stabilize the year-to-year. Specifically, the government seeks to achieve carbon neutrality by 2060 (Jia & Lin, 2022). Development should be innovative, sustainable, coordinated, open, and in a shared manner (Zhang et al., 2023). What is more, environmental protection, economic growth, and human well-being are promoted by corporate sustainability. The global economy is undergoing a crucial transformation, with the game of interests and rules becoming increasingly intense, creating a complex and severe external environment for emerging markets and developing countries.
The current international academic research on high-quality enterprise development is still in its early stages, and there are still gaps in its concept, cognition, definition, measurement, and related research. It is essential to emphasize the significance of high-quality enterprise development against the backdrop of the new development pattern with the domestic cycle as the main body and the dual domestic and international cycles promoting each other that are gradually taking place in organizations and society. This research aims to explore the historical evolution and current situation, definition, mesurement, influencing factors of the high quality of enterprises to improve the mechanism of enterprise governance, and expand the influence boundary of enterprise innovation, providing a reference for subsequent scholars to explore the influence of high-quality development of enterprise.
2 LITERATURE REVIEW
2.1 HISTORICAL EVOLUTION AND CURRENT SITUATION OF HIGH-QUALITY ENTERPRISE DEVELOPMENT
High-quality enterprise development has replaced rapid expansion as one of China's economic priorities. Sustainable and equitable growth is prioritized over rapid economic expansion (Mlachila & Tapsoba, 2017). This coversfinancial, social, and environmental aspects (Ren, 2018). The 19th National Congress of the Communist Party of China put forward that the economy moved from rapid expansion to high-quality advancement. To ensure progress, the Congress has set goals such as rewriting the economic development model, upgrading the financial framework, and refocusing growth strategies (Sun et al., 2018). High-quality development research takes into account both macro and microcosmic perspectives. Table 1 shows the high-quality development of macroeconomic.
The scientific conclusion that China has moved from a stage of high-speed growth to a location of high-quality development points out the direction of the China. It has a decisive milestone impact on Chinese transformation from standing up and getting rich to becoming strong. As shown in Table 2, we can analyze it from 6 dimensions, including the current period, expected goals, scarce resources, development momentum, and structural changes. Identify the differences between the features of the high-quality and other economic development stages (Luo et al.,2021).
2.2 DEFINITION OF HIGH-QUALITY ENTERPRISE DEVELOPMENT
The concept of high-quality development of enterprise comes with different measurement dimensions. The search included 22 Scopus English and 231 Chinese Social Sciences Citation Index Chinese literature sources. It has revealed that high-quality enterprise development integrates intensive, connotativc, and sustainable development paradigms. The company's goal is to achieve growth and create value through an efficient, fair, and environmentally friendly sustainable development plan. This method aims to meet rising living standards and promote eco-friendly practices (Huang et al, 2018). More importantly, China's economic growth is grounded in such principles as innovation, cooperation, environmental sustainability, openness, and resource sharing (Sun et al., 2022). According to Li (2023), highquality enterprise development indicates that an enterprise may create considerable economic and social value within a specific timeframe. High-quality enterprise development as flawless and effective management and governance systems, which involves innovation-driven development, efficient resource allocation, superior products and services, and exceptional financial performance. A corporation should adopt innovative approaches to acquire new resources and abilities, continually incorporate resources, improve efficiency, and above all, it should also strive to provide considerable economic and social value to flourish (Ma & Cao, 2020). Quality enterprise development help improve growth capacities and increase economic and social value (Tian & Ding, 2023) as shown in table 3 including definition of high-quality development of enterprise.
2.3 DIMENSION AND MEASUREMENT OF HIGH-QUALITY ENTERPRISE DEVELOPMENT
The evaluation indicators of high-quality development of enterprises arc mainly divided into two categories: one is to measure the high-quality development of enterprises by a single index; The second is the use of multiple indicators, through the construction of index system to measure. The two kinds of evaluation indicators have their own advantages and disadvantages, and arc generally used in research.
Researchers used total factor productivity, green productivity, and welfare carbon emission intensity so as to investigate high-quality growth enterprises (Yang & Shen, 2022; Wu et al., 2022). Although debatable, Bai et al. (2023) argue that high-quality economic development is complex. Building upon this insight, it is essential to formulate. Academics have proposed a new development paradigm that focuses on innovation, coordination, sustainability, transparency, and collaboration. The idea stands as the basis for a composite evaluation index system for high-quality economic development. According to current research, several scholars have attempted to establish a comprehensive index system for assessing high-quality firm growth. For instance, Zhai et al. (2022) created an integrated macroand micro-index method to measure enterprise quality progress. To put it more specifically, this strategy underpins different aspects, including innovation, environmental sustainability, openness, collaboration, efficacy, risk minimization, and oversight. The index system evaluates firms' high-quality development comprehensively. Bai et al. (2023) selected 32 assessment criteria based on social responsibility, efficacy, and self-directed innovation. Chen &Liu(2019)used nnovation behavior, and quality behavior, while Ma &Cao(2020) turned to benefit growth, innovation and development, ECO development, and open cooperation. Besides, Zhou & Hu(2021) took into account industrial status, innovation, quality benefit, sustainable development as four dimensions. Also, Sun& Liu(2019) used skill improved, organization operation, government subsidy as three dimensions. And Yuan(2022) used innovation results, environmental protection, enterprise management, industry related, economic benefits as five dimensions.
This approach broadens the notion of high-quality development and considers its contributors. A comprehensive assessment system is necessary to accurately measure progress and identify areas for improvement in economic development. Furthermore, multiple indicators and perspectives is of great help for researchers to comprehend economic development better. In contemporary research, scientists have used different methods to determine the weights of a high-quality development index. Researchers employ the subjective assignment, principal component analysis, and entropy approaches.
2.4 INFLUENCING FACTORS OF HIGH-QUALITY ENTERPRISE DEVELOPMENT
Sun, G., et al. (2022)and other scholars evaluated how firm ESG performance supports high-quality development. Upon the evaluation, they found a link between corporate ESG performance, innovation investment, and overall performance, State-owned enterprises implement an employee stock ownership plan twice a year to boost enterprise development. Yang (2021) and Hou et al. (2023) suggested that rationalizing and improving industrial structures can bridge the gap between green technology in industrial firms and high-quality economic development. Markar (2020) proposed a transformation system that considered technological, industrial, financial, management, and business-type innovation, in order to promote high-quality development. Clauss et al. (2019) discovered that business model innovation contributes to the improvement of high-quality development through value creation and delivery. According to Shen & Li (2022), business tax burden exerts a negative impact on corporate green innovation.. Furthermore, corporate tax burden has the ability to mediate the relationship between corporate tax burden and total factor productivity. Wu et al. (2022) examined how government subsidies, particularly green credit programs, affect technical innovation and firm development. Their findings indicates that these incentives boost technical innovation and business development. Nevertheless, Liu et al. (2018) observed that subsidies can improve or hurt business development, which depends on their design and implementation. As suggested by Li & Mei (2021), organizations that prioritize knowledge management, research, and development will make better progress. In a study by Moscoso (2019), it was proposed that digital finance promotes high-quality development in state-owned enterprises. Specifically, digital finance can help address funding constraints and reduce operating costs. These efforts contribute to overall growth as shown in Table 4.
This study is to investigate influence factors of high-quality development of enterprise and to analysis ESG, government incentive policies, green innovation, and innovation organization culture influence path and relationship among different factors.
2.4.1 ESG
In 2006, the UN Principles for Responsible Investment (UN PRI) created the ESG concept and assessment framework. The ESG framework focuses on the environment, social aspects, and governance. The environmental element examines businesses' carbon emissions, energy efficiency, and trash disposal. When it comes to the social aspect, it investigates how firms treat their stakeholders-employees, consumers, suppliers, and communities. This encompasses employment policies, human rights, and community involvement. Additionally, the governance pillar evaluates corporate management and governance, including board composition, CEO pay, and shareholder rights. By adopting ESG principles, companies may better reduce risks, increase investment value, and sustain profitability(Kachalov, D., & Finogenova, Y.,2023).This method could boost revenue while improving sustainable development and public welfare (Koh et al., 2022).Multiple studies have delved into ESG investing performance, rating, and transparency. These studies found correlations between ESG characteristics and corporate value. Some indicated positive correlations, others indicated negative ones, and some showed neutral ones. The 2022 Scopus search "allintitle: Impact of ESG" yielded 214 English works on the topic. Board and company ESG committees have made effort to drive the implementation of ESG practices. Companies are assessing global ESG ratings. Arayssi (2020) conducted a financial research and found that a company's ESG initiatives, market and leadership, and shareholders' qualities, risks, performance, and value are linked. Janah & Sassi (2021 ) stressed the need to use a quantitative study method and systematic literature review to cover the subject and future directions in their study on ESG. Recent ESG management studies has explored many aspects, including ESG consumption, market perspectives, non-financial elements, organizational development, and staff appreciation (Parfitt, 2020). Therefore, enterprises need to ensure that their ESG management operations maximize efficiency and production. Arayssi (2020) stressed the importance of acknowledging employees' ESG efforts and their proactive participation in ESG management activities. What is more, ESG management will bring about changes in organizational cultures, responsibilities, and procedures. Further, this situation will also lead to changes in job recognition, mindset, and work environment (Nekhili et al., 2021). Stakeholders and workers must work together to implement and evaluate sustainable practices and policies for a firm to successfully lead ESG activities (Cornell & Hsu, 2022). This requires creating a transparent and accountable environment where all stakeholders involved in ESG management practices are educated and engaged.
Most research on ESG aspects has examined their impact on firm performance. According to scientific research, ESG concerns and profit management greatly impact a company's value. Additionally, various ESG evaluation data factors also exert impacts on a company's value (Tolkachev, I. Et al.,2023). An organization's ESG initiatives may improve its brand reputation and financial performance by attracting external investment. Companies that are clear about their ESG policies tend to attract more financial investors. Better ESG transparency also helps lower borrowing costs. Empirical evidence suggests that ESG disclosure is conducive to improving transparency, information asymmetry, and investment efficiency (Ellili,2022). Many scholars find that ESG performance promotes corporate green innovation. As for those who have ignored the importance of ESG aspects, it means that they may struggle to achieve sustainable development. Companies can maximize their resources by taking ESG into account.
2.4.2 Government Incentive Policy
Policy incentives refer to a set of government-issued policies that provide advice and support to firms engaging in scientific and technical innovation. These incentives include tax benefits, talent recruitment, research and development funding, and expanding financing options (Lin, B., & Zhang, A.,2023). Enterprise innovation operations incur substantial costs, and there is a significant danger of spillover effects from innovation outcomes. Given this situation, policy incentives are able to provide tangible advantages to businesses and safeguard corporate innovation. As such, governmental incentives will unavoidably influence the correlation between research and development (R&D) expenditure and the high-quality development of firms (Huang et al.,2022). Reasonable tax incentives have the potential to enhance the R&D intensity of firms. For instance, the implementation of the super deduction policy for R&D investment can effectively enhance the enthusiasm of firms towards engaging in research and development activities. Furthermore, our examination of pertinent literature revealed that the government plays an indispensable role in the process of investing in research and development (Xu,2007). Implementing pertinent policies can facilitate technological innovation within corporations, while the government can enhance fiscal and taxation policies to incentivize corporate innovators, which will foster a competitive edge in their industries (Cui &Shi,2013). In their study, Zhang& Liu (2022) suggested that tax incentives can be a highly efficient means of encouraging autonomous innovation among firms, particularly in the case of "pressing hard" situations. Ma &Hou (2022) highlighted that tax incentives have a more pronounced impact on motivating innovation. Besides, Van & Pan (2022) discovered that tax incentives positively affect the overall productivity of businesses by stimulating innovative elements. The rise in innovation factors is closely linked to the level of business expenditure in R&D.
Regarding research on financial subsidies, scholars have extensively investigated the topic but have not yet reached a consensus. Some argue that financial subsidies can alleviate financing constraints and mitigate risks associated with R&D (Hu &Wang, 2022). In addition, Competitive financial subsidies are believed to effectively incentivize innovation within enterprises (Zhang et al.,2023). On the other hand, there is a viewpoint suggesting that government subsidies hurt overall productivity (Yan&Yu,2017). Issues such as "misappropriation of funds without conducting research and development" and "reckless financial subsidies" May come into being. Furthermore, because of information asymmetry, it is possible that financial subsidies provided to corporations may not effectively stimulate technical advancement, which hinders high-quality corporate growth. As a result of the information asymmetry between the government and firms, certain enterprises may deliberately provide incorrect information with the intention of securing subsidies and engaging in fraudulent financial activities. Such an approach will give rise to problems like squandering of financial support resources. Simultaneously, there can be issues pertaining to the distribution process, transfer of information, and selection of recipients for financial subsidies, along with regional disparities in subsidy allocation. Consequently, the overall impact of financial subsidies may be far from desired. As for fiscal subsidies, it is crucial to take into account the anticipated outcomes of fiscal subsidies and the signals they may convey, as well as the rentseeking behavior of businesses and the potential mismatch of subsidy recipients, along with potential regional effects. Fiscal subsidies have a comprehensive influence on both R&D investment and the high-quality growth of enterprises.
2.4.3 Green Innovation
Green innovation stands as a key driver for long-term corporate growth. Corporate social responsibility (CSR) and green innovation not only reduces environmental costs but also opens doors to new markets. Porter &Van der Linde (1995) studied these concept. By conserving energy and reusing materials, green innovation helps organizations cut environmental expenses and optimize resource usage, as discussed in Song & Yu's paper (2018). These regulations can raise consumer awareness and address immediate environmental needs. If businesses adhere to environmental rules, they are about to boost short- and long-term growth. In contrast, if companies choose to cut production to avoid regulatory penalties instead of fixing technology, consumers may view them as hypocritical.Stringent environmental regulations propel corporations to increase investments in green technology. This approach can provide them with new competitive advantages, higher profitability, and help them earn industry recognition (Lin, T et al.,2022). Therefore, this boosts the company's quality growth. In conclusion, strict environmental rules encourage businesses to invest in green technologies to adapt to policy changes, gain competitive advantages, and achieve high-quality growth.
2.4.4 Innovation Organization Culture
A company's goal is to benefit its shareholders economically and socially. Stakeholders are concerned about the company's ability to address social issues and generate profits. (Svendsen, 1998). As they mature, companies change their ESG management strategy. Modern issues like environmental degradation and social inequality are as important as profit. Evaluating a company's ESG performance, especially early on, is tough. This assessment also shows the organization's impressive progress (Ji et al., 2022). Cheah et al. (2021) found a strong correlation between organizational capacity enhancement and work satisfaction and performance. These factors improve employee engagement and happiness, improving organizational outcomes. To improve enterprise quality, companies must focus on the cultivation of five important traits that are crucial to individual and group success.An organization that encourages active idea sharing is better prepared to respond to changing environmental conditions. This collaborative effort ensure the organization's growth and sustainability. Thus, the company must exert great effort in this regard (Contreras et al., 2020). According to Perez et al. (2022), successful ESG management should consider members desire to embrace new organizational changes. Integrating ESG management into business culture is crucial as it can impact employees' jobs (Jin & Kim, 2022). Effective ESG management underpins corporate innovation and transformation. It is also essential to note that the participants of this process must be acknowledged. For the purpose of enhancing clarity, to make the content concise and simple is advised (Perez et al., 2022).Companies with an innovation-oriented culture are open to new technical and administrative ideas, which, in turn, pushes them forward (Esaulova et al., 2019). Innovation-oriented cultures can solve problems imaginatively or in new ways. This includes process and manufacturing innovation.
In today's fast-changing business environment, companies must innovate to maintain a competitive edge. Specifically, innovation includes creating new products or services, finding new approaches, improving processes, and enriching customer experiences. As for firms, they ought to foster a culture of creativity, cooperation, and risk-taking (Wijngaarden, Y. et al., 20200). Creative cultures attach greater importance to innovation, experimenting, and learning. This kind of culture encourages creative thinking and risk-taking without fear of repercussions. During the innovative process, collaboration is a key factor for creativity. Diversity in experience and expertise stimulates innovation as they collaborate to share ideas and work on a common goal (Wijngaarden, Y. et al., 2020). Besides, cooperation allows companies to use people's diverse perspectives and abilities to come up with innovative solutions. To foster creativity, one must prioritize personal development. Giving employees the chance to learn new skills enhances their confidence and willingness to tackle new difficulties. Companies that invest in staff development can better foster a culture that encourages continuous learning and advancement, which eventually boosts creativity.To drive innovation, companies should exert effort to foster creativity, teamwork, and risk-taking practices. What is more, they should invest in employee development to promote a culture of continuous learning and improvement. Organizations may stay ahead in today's fast-changing business environment by using this strategy. Factors such as ESG management, digitization, and government incentive policies affect innovative organizational culture and high-quality enterprise development.
3 CONCLUSION AND OUTLOOKING
The existing literature indicates that enterprise innovation, including culture and green innovation, as well as tax reductions, and ESG programs are all positive factors that contribute to high-quality development, however subsidies can not help high-quality development so the influence of government incentive policy is not clear. The ESG performance of a company depends on its industry and is vital for high-quality growth. Intangibles like managers' histories, processes, and cultures dominate corporate social responsibility studies. Nonetheless, the relationship between complex factors like subsidies and corporate social responsibility remains unclear. Therefore, researchers need to conduct further studies to gain a comprehensive understanding of this relationship. What is more, China is just starting to adopt corporate ESG practices and scoring. Most state-owned company growth research is based on theory, the link between ESG performance and green innovation is far from clear. And the link between green technology and social information impacts a company's worth. Future studies can explore technology innovation and corporate social responsibility, so as to help firms understand how their ESG performance affects their value and lead sustainable practices and innovation decisions.However, there exist four gaps in the current study on high-quality enterprise development: (1) Current study largely focus on the theoretical importance and influencing factors qualitatively, attaching little attention to empirical studies, practical assistance, and corporate implementation ideas are necessary. (2) Assessing the high-quality development index using dynamic panel methodologies and temporal periods may not generate desirable outcome. (3) It is necessary to study the impact of ESG recognition on high-quality development in order to determine its sustainability. Futher study attempts to provide helpful supplements by examining the relationship between ESG performance and green technological innovation in listed firms to promote sustainable green development.
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Abstract
Introduçâo: O desenvolvimento de alta qualidade da economia depende do progresso paralelo das empresas, é particularmente urgente reforçar a investigaçâo sobre о desenvolvimento de alta qualidade das empresas. Os estudos existentes conduziram análises abrangentes dos fatores de influencia internos e externos do desenvolvimento de alta qualidade das empresas de diferentes aspectos. O estudo analisou principalmente a literatura sobre o desenvolvimento de alta qualidade das empresas a partir da evoluçâo histórica e situaçâo atual, definiçâo, mediçâo e explorou os fatores de influencia de quatro aspectos: ESG, políticas de incentivo do go verno, inovaçâo verde e cultura de organizaçâo da inovaçâo e para explorar possíveis influencia e caminho e relaçâo entre diferentes fatores para a pesquisa empírica adicional. O estudo descobriu que (1) о desenvolvimento de empresas de alta qualidade substituiu a rápida expansão como uma das prioridades económicas da China. O crescimento sustentável e equitativo tem prioridade sobre a rápida expansáo económica. (2) O ESG, a inovaçâo ecológica e a cultura de organizaçâo da inovaçâo pođem ter um impacto positivo na elevada qualidade das empresas, a influencia da política de incentivos do governo é ambigua. Objetivo: O objetivo deste estudo é investigar fatores de influencia do desenvolvimento de alta qualidade da empresa e analisar o ESG, políticas de incentivo do governo, inovaçâo verde e cultura de organizaçâo de inovaçâo influenciam o caminho e o relacionamento entre diferentes fatores. Estrutura Teórica: A teoría usada é o suporte à mudança de comportamento de Robertson (1993). Refere-se ao comportamento que os funcionarios adotam voluntariamente e se envolvem ativamente em atividades de gerenciamento organizaciona!. Este fator é crucial para o sucesso de qualquer mudança organizaciona!. Resultados e discussâo: о estudo descobriu que a cultura de organizaçâo de ESG, inovaçâo ecológica e inovaçâo pode ter um impacto na alta qualidade das empresas, a influencia da política de incentivos do governo é ambigua. Estudos futuros podem explorar a inovaçâo tecnológica e a responsabilidade social corporativa, de modo a ajudar as empresas a entender como o desempenho do ESG afeta seu desenvolvimento de alta qualidade e conduzir práticas sustentáveis e decisőes de inovaçâo. Implicaçöes da pesquisa: O estudo pretende expandir a gama de visoes académicas relacionadas ao ESG e sugerir implicaçöes gerenciais significativas para empresas que desejam praticar o ESG.