ESG表现对A股企业OFDI投资规模的影响基于创新视角

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中图分类号：F205 文献标志码：A

The Impact of ESG Performance on the OFDl Scale of A-Share Listed Companies： From an Innovation Perspective

DING Kaixi ZHOU Yanjun （School of Economics and Management， Shanghai Polytechnic University，Shanghai 2Ol2O6，China）

Abstract： With the sustainable development of the international community，the emphasis that companies place on environmental， social and governance factors （ESG） and the ESG advantages built on them may become a new competitive advantage to promote outbound direct investment （OFDI） by multinational corporations.To this end，this article uses A-share listed companies from 2OlO to 2024 as a sample to explore the impact of ESG advantages on OFDI of Chinese A-share listed companies and its mechanism of action，and points out that ESG advantages can significantly and steadily increase the possibility and scale of outbound investment by listed companies.Mechanism analysis shows that ESG advantages can enhance enterprises'OFDI activities by improving their innovation capabilities.

Key words： outward direct investment; sustainable development; ESG; innovation capability

研究背景及意义

ESG（Environmental，Social and Governance，即环境、社会和公司治理）是一种评估框架，旨在从环境、社会和公司治理三个维度来评价企业在促进经济可持续发展和履行社会责任等方面的贡献

1.1 研究背景

ESG因素正逐步纳入主流投资策略中。（剩余6675字）