What question did this study set out to answer?

This study aims to analyze the relationship between China's innovation policies and corporate ESG performance, particularly focusing on how these policies affect sustainability.

June 10, 2026SustainabilityOpen Access

Institutional Innovation Policy and Enterprise ESG Performance: Theoretical Analysis and Empirical Evidence from China

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Authors

WMWenmin MengYulin Normal University WLW. J. LiHunan University of Technology PXPeiru XieHunan University of Technology

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Implication

Quasi-natural experiment reveals that China's institutional policies enhance ESG performance in enterprises, indicating effective governance implications.

Key Points

This study aims to analyze the relationship between China's innovation policies and corporate ESG performance, particularly focusing on how these policies affect sustainability.
Utilized quasi-natural experiments from China's National Demonstration Program for Mass Entrepreneurship and Innovation (MEI).
Analyzed data from A-share listed companies from 2010 to 2024.
Conducted robustness tests and heterogeneity analysis to assess the impact of demonstration policy.
The demonstration policy significantly improved ESG performance among enterprises, supported by robustness tests.
Policy effects were especially strong in heavy-polluting industries and mature firms.
Factors like industry competition intensity and digital transformation positively moderated the effects of the policy.

Cite This Study

Meng et al. (2026) studied this question.

synapsesocial.com/papers/6a28ffc76f82f25be989c97b https://doi.org/10.3390/su18125804

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Implication

Quasi-natural experiment reveals that China's institutional policies enhance ESG performance in enterprises, indicating effective governance implications.

Institutional Innovation Policy and Enterprise ESG Performance: Theoretical Analysis and Empirical Evidence from China

Discussion

Member takes

Implication

Key Points

Cite This Study

Institutional Innovation Policy and Enterprise ESG Performance: Theoretical Analysis and Empirical Evidence from China

Discussion

Member takes

Implication

Key Points

Cite This Study

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