Abstract
In light of growing environmental and social concerns worldwide, environmental, social, and governance (ESG) disclosure is an issue of transparency and shows a firm's commitment to sustainable development. This study examines the relationship between green innovation, sustainability strategy, and ESG performance, focusing on the moderating role of sustainability strategies. Using a sample of 381 new-generation information technology firms in China from 2018 to 2023, our results suggest the following: (1) Strong evidence of a positive relationship between green innovation and ESG performance. (2) The sustainability strategies significantly improve the performance of ESG. 3) The sustainability strategies positively strengthen the correlation between green innovation and ESG performance. This research also contributes to stakeholders' consideration of investing in green innovation and setting up long-term sustainability strategies in their firms to improve ESG performance.
Keywords: New-generation Information Technology Industries, Green Innovation, Sustainability Strategy, ESG performance
Metadata
Item Type: | Article |
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Creators: | Creators Email / ID Num. Wang, Shenglian UNSPECIFIED Zhang, Xiaoyuan UNSPECIFIED Raja Ahmad, Raja Adzrin UNSPECIFIED Azmi, Nurul Azlin nurul516@uitm.edtuny |
Subjects: | H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance T Technology > T Technology (General) > Technological change > Technological innovations |
Divisions: | Universiti Teknologi MARA, Johor > Segamat Campus > Faculty of Business and Management |
Journal or Publication Title: | Insight Journal (IJ) |
UiTM Journal Collections: | Listed > INSIGHT Journal (IJ) |
ISSN: | 2600-8564 |
Volume: | 11 |
Page Range: | pp. 386-402 |
Related URLs: | |
Keywords: | New-generation Information Technology Industries, Green Innovation, Sustainable Strategy, ESG performance |
Date: | 2024 |
URI: | https://ir.uitm.edu.my/id/eprint/110418 |