Research On The Impact Of Corporate ESG Practice On Innovation Performance From The Perspective Of Stakeholders

In recent years,the state has paid more and more attention to the innovation ability of enterprises,and the 20 th National Congress of the Communist Party of China clearly pointed out that it is necessary to "accelerate the implementation of innovation-driven development strategies and accelerate the realization of high-level scientific and technological self-reliance," China’s high-tech industry has also taken advantage of the policy to develop rapidly,and gradually become an important driving force for the high-quality development of China’s economy.However,a series of social benefit damage problems brought about by the one-sided pursuit of rapid development cannot be ignored,so aside from a single financial performance indicator,the investment philosophy and evaluation criteria ESG that pursue the comprehensive performance improvement of corporate environment,society and governance have received extensive attention from all stakeholders of the enterprise.In the past,it was generally believed that the ESG practice of enterprises would occupy a lot of corporate funds and squeeze R&D investment,which also led to a considerable number of enterprises not paying attention to ESG performance,but with the deepening of ESG research in the theoretical community,a large amount of data shows that the ESG practice and innovation performance of enterprises do not seem to be opposites.Based on the above analysis,this paper introduces the case of Sungrow to explore the impact of ESG practice on innovation performance of enterprises,which has important theoretical and practical significance at present.On this basis,this paper mainly draws on stakeholder theory,signal transmission theory and resource base theory,and adopts the case study method from the perspective of stakeholders,and selects Sungrow,an enterprise with excellent ESG performance in the industry,as the case study object,to explore the impact of ESG practice on its innovation performance and the specific role path.Firstly,this paper summarizes the research results of previous scholars in three aspects: corporate ESG practice,stakeholders and innovation performance,and elaborates on the theories involved,which paves the way for the in-depth analysis of the following article.Secondly,starting from stakeholders,the two issues of "whether enterprises can establish good relationships with stakeholders through ESG practices" and "whether stakeholders can provide innovative resource support for enterprises" are discussed in detail.First,enterprises can meet the expectations and needs of stakeholders through ESG practices,and establish a stable and mutual trust relationship with stakeholders.Second,by relying on good relationships with stakeholders,enterprises can obtain the resources needed for innovation,alleviate resource constraints,and improve their innovation performance.The research in this paper enriches the research perspective on the impact of ESG practice on innovation performance,which is conducive to enterprises correctly understanding the relationship between ESG practice and innovation from the perspective of stakeholders,and provides a certain reference for enterprises to rationally allocate resources in production and operation,and improve their independent innovation ability while practicing ESG concepts.