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Journal of Innovations in Economics & Management

Volume 5, 2024 - Issue 1

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Research on the Influence of ESG Performance on BYD's Innovation Ability

by Linyun Deng 1 ,  ZhiMei Deng 1  and  Yanying Wei 1,*
1
Nanning University
*
Author to whom correspondence should be addressed.
JIEM  2024 5(1):73; https://doi.org/10.69610/j.iem.202406243
Received: 9 May 2024 / Accepted: 19 June 2024 / Published Online: 24 June 2024
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Abstract

With the acceleration of the global economic integration process and the continuous development of information technology, the competition among automobile enterprises is becoming increasingly fierce, and innovation is becoming the main theme of the survival and development of automobile enterprises.Innovation is a necessary way for automobile enterprises to enhance their core competitiveness, which can help them improve their production and management capabilities and form sustainable long-term competitive advantages.The automobile industry of our country has also entered a new stage of the development of the automobile industry, and the objective needs of the upgrading of the automobile industry have higher requirements for the innovation ability of our automobile enterprise.This paper discusses the impact of ESG (environmental, social and governance) performance on BYD's innovation ability.By collecting indicators such as R&D investment and number of professional applications of BYD Auto from 2013 to 2022, and using Eview12.0 software, the relationship between ESG performance and enterprise innovation ability is analyzed.The research results show that ESG performance has a significant positive impact on BYD Auto's innovation ability.The results of this paper are helpful for enterprises to deeply understand the relationship between ESG performance and enterprise innovation ability, and provide reference for enterprises to formulate sustainable development strategy.

Keywords: ESG; Sustainable development; Innovation capability;
Copyright: © 2024 by Deng, Deng and Wei. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Deng, L.; Deng, Z.; Wei, Y. Research on the Influence of ESG Performance on BYD's Innovation Ability. Journal of Innovations in Economics & Management, 2024, 5, 73. doi:10.69610/j.iem.202406243
AMA Style
Deng L, Deng Z, Wei Y. Research on the Influence of ESG Performance on BYD's Innovation Ability. Journal of Innovations in Economics & Management; 2024, 5(1):73. doi:10.69610/j.iem.202406243
Chicago/Turabian Style
Deng, Linyun; Deng, ZhiMei; Wei, Yanying 2024. "Research on the Influence of ESG Performance on BYD's Innovation Ability" Journal of Innovations in Economics & Management 5, no.1:73. doi:10.69610/j.iem.202406243

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