How does Government Support Promote the Relationship between ESG Performance and Innovation?

Abstract

With the development of China's economy and the continuous upgrading of industrial structure, the competition among enterprises is becoming increasingly fierce. In order to occupy a favorable position in the fierce market competition, enterprises have taken different degrees of incentive measures to improve their competitiveness. Among many incentives, government support behavior is one of the important factors affecting the ESG performance of enterprises, which not only directly promotes the growth of enterprises, but also promotes the growth of enterprises by improving their innovation ability. Based on this, this paper studies the relationship between government support behavior and enterprise ESG performance and innovation, aiming at exploring effective policy suggestions to improve enterprise performance and promote enterprise sustainable development.