Research on the Impact of Supply Chain ESG on Enterprises’ Green Innovation Performance

Supply chain ESG refers to the environmental, social and corporate governance when companies manage their supply chains, and is a topic that must be considered by companies to improve their green innovation performance. This study puts forward the hypothesis that ESG performance and corporate internal control quality improve the green innovation performance of enterprises through theoretical analysis. A set of evaluation index systems for green innovation performance and two regression analysis models are constructed, and the proposed research hypotheses are tested separately using regression analysis. The correlation coefficients of the variables selected for the study are approximately within ±0.5, reflecting the reasonableness of the model construction in this paper. The regression results show that the regression coefficient of corporate ESG performance and green innovation performance is 0.421 (p<0.01), and the results are robust. The factors such as region, property rights, and environmental sensitivity likewise play different roles in the effect of ESG on green innovation performance. The regression coefficient of the interaction term between internal control quality and ESG performance on corporate green innovation is 0.372 (p<0.01). This indicates that the hypothesis “ESG performance of corporate supply chain has a significant positive effect on corporate green innovation performance” is valid, and the quality of corporate internal control positively moderates the contribution of ESG to green innovation performance.