Analysis The Participation of Enterprise In Sustainability Under the ESG Criteria From The Perspective of Game Theory

Abstract

In this paper, I use the evolutionary stable strategy and mixed strategy to construct a game model for both sides from three aspects of ESG and derive the relevant evolutionary stable strategy through a simple replicated dynamic analysis.   Then use the Matlab to make a simulation about their evolution of strategy probability. The E-side is a game between the choice of the enterprise’s green innovation and governmental responsibility, the S-side is a game between the enterprise’s responsibility and employee’s loyalty, and the G-side is a game between the enterprise’s sustainable internal management and continued investment by investors. The consideration of these aspects of the game is used to construct a game model. The analysis of the mixed and evolutionary stable strategy can be used for the choice of strategy between the two players in different situations, which can be used as a reference when an enterprise is facing the strategy for its management.