The Impact of ESG Rating Discrepancies on Corporate Green Innovation

——An Analysis of the Moderating Effect Based on Carbon Finance Allocative Efficiency

DOI

10.2991/978-94-6463-710-6_8How to use a DOI?

Keywords

ESG rating divergence; green innovation; carbon finance allocative efficiency

Abstract

This paper takes China’s Shanghai and Shenzhen A-share listed companies from 2015 to 2021 as the research sample to empirically test the impact of ESG rating divergence on corporate green innovation. The carbon financial allocation efficiency is measured using the SBM-DEA model to explore the moderating effect of carbon financial allocation efficiency on ESG rating divergence and corporate green innovation. The results of the study show that ESG rating divergence can promote corporate green innovation, while carbon finance allocation efficiency has a negative moderating effect in this process. This paper provides new perspectives to explore the impact of ESG rating divergence on corporate green innovation and provides practical guidance for decision-making of relevant stakeholders.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yan Xu
PY  - 2025
DA  - 2025/05/14
TI  - The Impact of ESG Rating Discrepancies on Corporate Green Innovation
BT  - Proceedings of the 2025 4th International Conference on Big Data Economy and Digital Management (BDEDM 2025)
PB  - Atlantis Press
SP  - 58
EP  - 66
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-710-6_8
DO  - 10.2991/978-94-6463-710-6_8
ID  - Xu2025
ER  -