id sid tid token lemma pos fbem-29583 1 1 frontiers frontier NOUN fbem-29583 1 2 in in ADP fbem-29583 1 3 business business NOUN fbem-29583 1 4 , , PUNCT fbem-29583 1 5 economics economic NOUN fbem-29583 1 6 and and CCONJ fbem-29583 1 7 management management NOUN fbem-29583 1 8 issn issn PROPN fbem-29583 1 9 : : PUNCT fbem-29583 1 10 2766 2766 NUM fbem-29583 1 11 - - PUNCT fbem-29583 1 12 824x 824x NUM fbem-29583 1 13 | | ADJ fbem-29583 1 14 vol vol NOUN fbem-29583 1 15 . . PROPN fbem-29583 1 16 18 18 NUM fbem-29583 1 17 , , PUNCT fbem-29583 1 18 no no INTJ fbem-29583 1 19 . . NOUN fbem-29583 1 20 2 2 NUM fbem-29583 1 21 , , PUNCT fbem-29583 1 22 2025 2025 NUM fbem-29583 1 23 38 38 NUM fbem-29583 1 24 a a DET fbem-29583 1 25 study study NOUN fbem-29583 1 26 on on ADP fbem-29583 1 27 the the DET fbem-29583 1 28 impact impact NOUN fbem-29583 1 29 of of ADP fbem-29583 1 30 esg esg PROPN fbem-29583 1 31 performance performance NOUN fbem-29583 1 32 on on ADP fbem-29583 1 33 green green ADJ fbem-29583 1 34 innovation innovation NOUN fbem-29583 1 35 performance performance NOUN fbem-29583 1 36 of of ADP fbem-29583 1 37 listed list VERB fbem-29583 1 38 manufacturing manufacturing NOUN fbem-29583 1 39 enterprises enterprise NOUN fbem-29583 1 40 in in ADP fbem-29583 1 41 china china PROPN fbem-29583 1 42 liuhe liuhe PROPN fbem-29583 1 43 dan dan PROPN fbem-29583 1 44 school school PROPN fbem-29583 1 45 of of ADP fbem-29583 1 46 southwest southwest PROPN fbem-29583 1 47 petroleum petroleum PROPN fbem-29583 1 48 university university PROPN fbem-29583 1 49 , , PUNCT fbem-29583 1 50 chengdu chengdu PROPN fbem-29583 1 51 610000 610000 NUM fbem-29583 1 52 , , PUNCT fbem-29583 1 53 china china PROPN fbem-29583 1 54 abstract abstract NOUN fbem-29583 1 55 : : PUNCT fbem-29583 1 56 in in ADP fbem-29583 1 57 the the DET fbem-29583 1 58 context context NOUN fbem-29583 1 59 of of ADP fbem-29583 1 60 the the DET fbem-29583 1 61 global global ADJ fbem-29583 1 62 economy economy NOUN fbem-29583 1 63 , , PUNCT fbem-29583 1 64 environmental environmental ADJ fbem-29583 1 65 issues issue NOUN fbem-29583 1 66 have have AUX fbem-29583 1 67 garnered garner VERB fbem-29583 1 68 significant significant ADJ fbem-29583 1 69 attention attention NOUN fbem-29583 1 70 , , PUNCT fbem-29583 1 71 and and CCONJ fbem-29583 1 72 the the DET fbem-29583 1 73 green green ADJ fbem-29583 1 74 innovation innovation NOUN fbem-29583 1 75 performance performance NOUN fbem-29583 1 76 of of ADP fbem-29583 1 77 the the DET fbem-29583 1 78 manufacturing manufacturing NOUN fbem-29583 1 79 industry industry NOUN fbem-29583 1 80 , , PUNCT fbem-29583 1 81 as as ADP fbem-29583 1 82 a a DET fbem-29583 1 83 pivotal pivotal ADJ fbem-29583 1 84 component component NOUN fbem-29583 1 85 of of ADP fbem-29583 1 86 economic economic ADJ fbem-29583 1 87 development development NOUN fbem-29583 1 88 , , PUNCT fbem-29583 1 89 has have AUX fbem-29583 1 90 emerged emerge VERB fbem-29583 1 91 as as ADP fbem-29583 1 92 a a DET fbem-29583 1 93 pivotal pivotal ADJ fbem-29583 1 94 concern concern NOUN fbem-29583 1 95 in in ADP fbem-29583 1 96 achieving achieve VERB fbem-29583 1 97 sustainable sustainable ADJ fbem-29583 1 98 growth.the growth.the DET fbem-29583 1 99 concept concept NOUN fbem-29583 1 100 of of ADP fbem-29583 1 101 environmental environmental ADJ fbem-29583 1 102 , , PUNCT fbem-29583 1 103 social social ADJ fbem-29583 1 104 and and CCONJ fbem-29583 1 105 corporate corporate ADJ fbem-29583 1 106 governance governance NOUN fbem-29583 1 107 ( ( PUNCT fbem-29583 1 108 esg esg NOUN fbem-29583 1 109 ) ) PUNCT fbem-29583 1 110 has have AUX fbem-29583 1 111 garnered garner VERB fbem-29583 1 112 considerable considerable ADJ fbem-29583 1 113 global global ADJ fbem-29583 1 114 attention attention NOUN fbem-29583 1 115 , , PUNCT fbem-29583 1 116 prompting prompt VERB fbem-29583 1 117 an an DET fbem-29583 1 118 increasing increase VERB fbem-29583 1 119 number number NOUN fbem-29583 1 120 of of ADP fbem-29583 1 121 manufacturing manufacturing NOUN fbem-29583 1 122 enterprises enterprise NOUN fbem-29583 1 123 to to PART fbem-29583 1 124 integrate integrate VERB fbem-29583 1 125 esg esg NOUN fbem-29583 1 126 factors factor NOUN fbem-29583 1 127 into into ADP fbem-29583 1 128 their their PRON fbem-29583 1 129 strategic strategic ADJ fbem-29583 1 130 planning planning NOUN fbem-29583 1 131 to to PART fbem-29583 1 132 enhance enhance VERB fbem-29583 1 133 competitiveness competitiveness NOUN fbem-29583 1 134 and and CCONJ fbem-29583 1 135 social social ADJ fbem-29583 1 136 responsibility responsibility NOUN fbem-29583 1 137 . . PUNCT fbem-29583 2 1 however however ADV fbem-29583 2 2 , , PUNCT fbem-29583 2 3 manufacturing manufacturing NOUN fbem-29583 2 4 industries industry NOUN fbem-29583 2 5 often often ADV fbem-29583 2 6 encounter encounter VERB fbem-29583 2 7 challenges challenge NOUN fbem-29583 2 8 such such ADJ fbem-29583 2 9 as as ADP fbem-29583 2 10 technological technological ADJ fbem-29583 2 11 limitations limitation NOUN fbem-29583 2 12 , , PUNCT fbem-29583 2 13 financial financial ADJ fbem-29583 2 14 constraints constraint NOUN fbem-29583 2 15 , , PUNCT fbem-29583 2 16 and and CCONJ fbem-29583 2 17 market market NOUN fbem-29583 2 18 competition competition NOUN fbem-29583 2 19 when when SCONJ fbem-29583 2 20 pursuing pursue VERB fbem-29583 2 21 green green ADJ fbem-29583 2 22 innovation innovation NOUN fbem-29583 2 23 pathways.therefore pathways.therefore X fbem-29583 2 24 , , PUNCT fbem-29583 2 25 exploring explore VERB fbem-29583 2 26 the the DET fbem-29583 2 27 impact impact NOUN fbem-29583 2 28 of of ADP fbem-29583 2 29 esg esg PROPN fbem-29583 2 30 performance performance NOUN fbem-29583 2 31 on on ADP fbem-29583 2 32 green green ADJ fbem-29583 2 33 innovation innovation NOUN fbem-29583 2 34 performance performance NOUN fbem-29583 2 35 can can AUX fbem-29583 2 36 provide provide VERB fbem-29583 2 37 enterprises enterprise NOUN fbem-29583 2 38 with with ADP fbem-29583 2 39 strategic strategic ADJ fbem-29583 2 40 references reference NOUN fbem-29583 2 41 . . PUNCT fbem-29583 3 1 such such ADJ fbem-29583 3 2 references reference NOUN fbem-29583 3 3 can can AUX fbem-29583 3 4 facilitate facilitate VERB fbem-29583 3 5 the the DET fbem-29583 3 6 analysis analysis NOUN fbem-29583 3 7 of of ADP fbem-29583 3 8 the the DET fbem-29583 3 9 correlation correlation NOUN fbem-29583 3 10 mechanism mechanism NOUN fbem-29583 3 11 between between ADP fbem-29583 3 12 esg esg PROPN fbem-29583 3 13 and and CCONJ fbem-29583 3 14 green green ADJ fbem-29583 3 15 innovation innovation NOUN fbem-29583 3 16 performance performance NOUN fbem-29583 3 17 . . PUNCT fbem-29583 4 1 this this PRON fbem-29583 4 2 , , PUNCT fbem-29583 4 3 in in ADP fbem-29583 4 4 turn turn NOUN fbem-29583 4 5 , , PUNCT fbem-29583 4 6 can can AUX fbem-29583 4 7 assist assist VERB fbem-29583 4 8 enterprises enterprise NOUN fbem-29583 4 9 in in ADP fbem-29583 4 10 acquiring acquire VERB fbem-29583 4 11 financial financial ADJ fbem-29583 4 12 support support NOUN fbem-29583 4 13 , , PUNCT fbem-29583 4 14 optimizing optimize VERB fbem-29583 4 15 resource resource NOUN fbem-29583 4 16 allocation allocation NOUN fbem-29583 4 17 , , PUNCT fbem-29583 4 18 and and CCONJ fbem-29583 4 19 reducing reduce VERB fbem-29583 4 20 innovation innovation NOUN fbem-29583 4 21 costs cost NOUN fbem-29583 4 22 . . PUNCT fbem-29583 5 1 concurrently concurrently ADV fbem-29583 5 2 , , PUNCT fbem-29583 5 3 enterprises enterprise NOUN fbem-29583 5 4 can can AUX fbem-29583 5 5 enhance enhance VERB fbem-29583 5 6 their their PRON fbem-29583 5 7 corporate corporate ADJ fbem-29583 5 8 image image NOUN fbem-29583 5 9 , , PUNCT fbem-29583 5 10 garner garner VERB fbem-29583 5 11 social social ADJ fbem-29583 5 12 recognition recognition NOUN fbem-29583 5 13 , , PUNCT fbem-29583 5 14 and and CCONJ fbem-29583 5 15 cultivate cultivate VERB fbem-29583 5 16 a a DET fbem-29583 5 17 more more ADV fbem-29583 5 18 conducive conducive ADJ fbem-29583 5 19 external external ADJ fbem-29583 5 20 environment environment NOUN fbem-29583 5 21 for for ADP fbem-29583 5 22 green green ADJ fbem-29583 5 23 innovation innovation NOUN fbem-29583 5 24 by by ADP fbem-29583 5 25 fortifying fortify VERB fbem-29583 5 26 their their PRON fbem-29583 5 27 esg esg NOUN fbem-29583 5 28 management.in management.in NUM fbem-29583 5 29 consideration consideration NOUN fbem-29583 5 30 of of ADP fbem-29583 5 31 the the DET fbem-29583 5 32 aforementioned aforementioned ADJ fbem-29583 5 33 background background NOUN fbem-29583 5 34 , , PUNCT fbem-29583 5 35 this this DET fbem-29583 5 36 study study NOUN fbem-29583 5 37 utilizes utilize VERB fbem-29583 5 38 the the DET fbem-29583 5 39 esg esg NOUN fbem-29583 5 40 performance performance NOUN fbem-29583 5 41 of of ADP fbem-29583 5 42 the the DET fbem-29583 5 43 manufacturing manufacturing NOUN fbem-29583 5 44 industry industry NOUN fbem-29583 5 45 as as ADP fbem-29583 5 46 its its PRON fbem-29583 5 47 point point NOUN fbem-29583 5 48 of of ADP fbem-29583 5 49 departur departur PROPN fbem-29583 5 50 e e NOUN fbem-29583 5 51 for for ADP fbem-29583 5 52 research research NOUN fbem-29583 5 53 . . PUNCT fbem-29583 6 1 the the DET fbem-29583 6 2 study study NOUN fbem-29583 6 3 's 's PART fbem-29583 6 4 objective objective NOUN fbem-29583 6 5 is be AUX fbem-29583 6 6 to to PART fbem-29583 6 7 examine examine VERB fbem-29583 6 8 the the DET fbem-29583 6 9 impact impact NOUN fbem-29583 6 10 of of ADP fbem-29583 6 11 esg esg NOUN fbem-29583 6 12 performance performance NOUN fbem-29583 6 13 on on ADP fbem-29583 6 14 the the DET fbem-29583 6 15 green green ADJ fbem-29583 6 16 innovation innovation NOUN fbem-29583 6 17 performance performance NOUN fbem-29583 6 18 of of ADP fbem-29583 6 19 manufacturing manufacture VERB fbem-29583 6 20 industry industry NOUN fbem-29583 6 21 enterprises enterprise NOUN fbem-29583 6 22 . . PUNCT fbem-29583 7 1 to to ADP fbem-29583 7 2 this this DET fbem-29583 7 3 end end NOUN fbem-29583 7 4 , , PUNCT fbem-29583 7 5 it it PRON fbem-29583 7 6 employs employ VERB fbem-29583 7 7 a a DET fbem-29583 7 8 two two NUM fbem-29583 7 9 - - PUNCT fbem-29583 7 10 way way NOUN fbem-29583 7 11 fixed fix VERB fbem-29583 7 12 effect effect NOUN fbem-29583 7 13 model model NOUN fbem-29583 7 14 to to PART fbem-29583 7 15 investigate investigate VERB fbem-29583 7 16 the the DET fbem-29583 7 17 impact impact NOUN fbem-29583 7 18 of of ADP fbem-29583 7 19 esg esg PROPN fbem-29583 7 20 performance performance NOUN fbem-29583 7 21 on on ADP fbem-29583 7 22 green green ADJ fbem-29583 7 23 innovation innovation NOUN fbem-29583 7 24 performance performance NOUN fbem-29583 7 25 . . PUNCT fbem-29583 8 1 the the DET fbem-29583 8 2 findings finding NOUN fbem-29583 8 3 of of ADP fbem-29583 8 4 the the DET fbem-29583 8 5 study study NOUN fbem-29583 8 6 demonstrate demonstrate VERB fbem-29583 8 7 that that SCONJ fbem-29583 8 8 commendable commendable ADJ fbem-29583 8 9 esg esg PROPN fbem-29583 8 10 performance performance NOUN fbem-29583 8 11 exerts exert VERB fbem-29583 8 12 a a DET fbem-29583 8 13 discernible discernible ADJ fbem-29583 8 14 stimulatory stimulatory ADJ fbem-29583 8 15 influence influence NOUN fbem-29583 8 16 on on ADP fbem-29583 8 17 the the DET fbem-29583 8 18 green green ADJ fbem-29583 8 19 innovation innovation NOUN fbem-29583 8 20 performance performance NOUN fbem-29583 8 21 of of ADP fbem-29583 8 22 enterprises enterprise NOUN fbem-29583 8 23 . . PUNCT fbem-29583 9 1 consequently consequently ADV fbem-29583 9 2 , , PUNCT fbem-29583 9 3 manufacturing manufacturing NOUN fbem-29583 9 4 enterprises enterprise NOUN fbem-29583 9 5 are be AUX fbem-29583 9 6 required require VERB fbem-29583 9 7 to to PART fbem-29583 9 8 proactively proactively ADV fbem-29583 9 9 adopt adopt VERB fbem-29583 9 10 the the DET fbem-29583 9 11 concept concept NOUN fbem-29583 9 12 of of ADP fbem-29583 9 13 esg esg PROPN fbem-29583 9 14 development development NOUN fbem-29583 9 15 , , PUNCT fbem-29583 9 16 explicitly explicitly ADV fbem-29583 9 17 acknowledge acknowledge VERB fbem-29583 9 18 the the DET fbem-29583 9 19 beneficial beneficial ADJ fbem-29583 9 20 impact impact NOUN fbem-29583 9 21 of of ADP fbem-29583 9 22 esg esg PROPN fbem-29583 9 23 performance performance NOUN fbem-29583 9 24 on on ADP fbem-29583 9 25 green green ADJ fbem-29583 9 26 innovation innovation NOUN fbem-29583 9 27 performance performance NOUN fbem-29583 9 28 , , PUNCT fbem-29583 9 29 and and CCONJ fbem-29583 9 30 consequently consequently ADV fbem-29583 9 31 prioritize prioritize VERB fbem-29583 9 32 esg esg PROPN fbem-29583 9 33 management management NOUN fbem-29583 9 34 . . PUNCT fbem-29583 10 1 keywords keyword NOUN fbem-29583 10 2 : : PUNCT fbem-29583 10 3 esg esg NOUN fbem-29583 10 4 performance performance NOUN fbem-29583 10 5 , , PUNCT fbem-29583 10 6 green green ADJ fbem-29583 10 7 innovation innovation NOUN fbem-29583 10 8 performance performance NOUN fbem-29583 10 9 , , PUNCT fbem-29583 10 10 r&d r&d NOUN fbem-29583 10 11 investment investment NOUN fbem-29583 10 12 , , PUNCT fbem-29583 10 13 financing financing NOUN fbem-29583 10 14 constraints constraint NOUN fbem-29583 10 15 . . PUNCT fbem-29583 11 1 1 1 X fbem-29583 11 2 . . X fbem-29583 11 3 introduction introduction NOUN fbem-29583 11 4 manufacturing manufacturing NOUN fbem-29583 11 5 is be AUX fbem-29583 11 6 the the DET fbem-29583 11 7 foundation foundation NOUN fbem-29583 11 8 and and CCONJ fbem-29583 11 9 lifeblood lifeblood NOUN fbem-29583 11 10 of of ADP fbem-29583 11 11 the the DET fbem-29583 11 12 real real ADJ fbem-29583 11 13 economy economy NOUN fbem-29583 11 14 , , PUNCT fbem-29583 11 15 and and CCONJ fbem-29583 11 16 its its PRON fbem-29583 11 17 high high ADJ fbem-29583 11 18 - - PUNCT fbem-29583 11 19 quality quality NOUN fbem-29583 11 20 development development NOUN fbem-29583 11 21 plays play VERB fbem-29583 11 22 a a DET fbem-29583 11 23 decisive decisive ADJ fbem-29583 11 24 role role NOUN fbem-29583 11 25 in in ADP fbem-29583 11 26 promoting promote VERB fbem-29583 11 27 china china PROPN fbem-29583 11 28 's 's PART fbem-29583 11 29 economy economy NOUN fbem-29583 11 30 as as ADP fbem-29583 11 31 a a DET fbem-29583 11 32 whole whole NOUN fbem-29583 11 33 to to ADP fbem-29583 11 34 the the DET fbem-29583 11 35 highquality highquality NOUN fbem-29583 11 36 development development NOUN fbem-29583 11 37 stage stage NOUN fbem-29583 11 38 . . PUNCT fbem-29583 12 1 the the DET fbem-29583 12 2 implementation implementation NOUN fbem-29583 12 3 of of ADP fbem-29583 12 4 green green ADJ fbem-29583 12 5 innovation innovation NOUN fbem-29583 12 6 by by ADP fbem-29583 12 7 enterprises enterprise NOUN fbem-29583 12 8 constitutes constitute VERB fbem-29583 12 9 a a DET fbem-29583 12 10 positive positive ADJ fbem-29583 12 11 response response NOUN fbem-29583 12 12 to to ADP fbem-29583 12 13 environmental environmental ADJ fbem-29583 12 14 challenges challenge NOUN fbem-29583 12 15 , , PUNCT fbem-29583 12 16 thereby thereby ADV fbem-29583 12 17 reducing reduce VERB fbem-29583 12 18 natural natural ADJ fbem-29583 12 19 resource resource NOUN fbem-29583 12 20 consumption consumption NOUN fbem-29583 12 21 and and CCONJ fbem-29583 12 22 environmental environmental ADJ fbem-29583 12 23 damage damage NOUN fbem-29583 12 24 , , PUNCT fbem-29583 12 25 and and CCONJ fbem-29583 12 26 thus thus ADV fbem-29583 12 27 promoting promote VERB fbem-29583 12 28 sustainable sustainable ADJ fbem-29583 12 29 development development NOUN fbem-29583 12 30 [ [ X fbem-29583 12 31 1 1 NUM fbem-29583 12 32 ] ] PUNCT fbem-29583 12 33 . . PUNCT fbem-29583 13 1 concurrently concurrently ADV fbem-29583 13 2 , , PUNCT fbem-29583 13 3 green green ADJ fbem-29583 13 4 innovation innovation NOUN fbem-29583 13 5 is be AUX fbem-29583 13 6 also also ADV fbem-29583 13 7 a a DET fbem-29583 13 8 pivotal pivotal ADJ fbem-29583 13 9 means mean NOUN fbem-29583 13 10 to to PART fbem-29583 13 11 promote promote VERB fbem-29583 13 12 the the DET fbem-29583 13 13 development development NOUN fbem-29583 13 14 of of ADP fbem-29583 13 15 the the DET fbem-29583 13 16 green green ADJ fbem-29583 13 17 economy economy NOUN fbem-29583 13 18 , , PUNCT fbem-29583 13 19 enterprise enterprise NOUN fbem-29583 13 20 transformation transformation NOUN fbem-29583 13 21 , , PUNCT fbem-29583 13 22 and and CCONJ fbem-29583 13 23 sound sound ADJ fbem-29583 13 24 development development NOUN fbem-29583 13 25 [ [ X fbem-29583 13 26 2 2 NUM fbem-29583 13 27 ] ] PUNCT fbem-29583 13 28 . . PUNCT fbem-29583 14 1 on on ADP fbem-29583 14 2 the the DET fbem-29583 14 3 other other ADJ fbem-29583 14 4 hand hand NOUN fbem-29583 14 5 , , PUNCT fbem-29583 14 6 corporate corporate ADJ fbem-29583 14 7 esg esg NOUN fbem-29583 14 8 performance performance NOUN fbem-29583 14 9 is be AUX fbem-29583 14 10 a a DET fbem-29583 14 11 comprehensive comprehensive ADJ fbem-29583 14 12 evaluation evaluation NOUN fbem-29583 14 13 system system NOUN fbem-29583 14 14 , , PUNCT fbem-29583 14 15 which which PRON fbem-29583 14 16 covers cover VERB fbem-29583 14 17 the the DET fbem-29583 14 18 aspects aspect NOUN fbem-29583 14 19 of of ADP fbem-29583 14 20 environment environment NOUN fbem-29583 14 21 , , PUNCT fbem-29583 14 22 social social ADJ fbem-29583 14 23 responsibility responsibility NOUN fbem-29583 14 24 and and CCONJ fbem-29583 14 25 corporate corporate ADJ fbem-29583 14 26 governance governance NOUN fbem-29583 14 27 , , PUNCT fbem-29583 14 28 and and CCONJ fbem-29583 14 29 is be AUX fbem-29583 14 30 able able ADJ fbem-29583 14 31 to to PART fbem-29583 14 32 effectively effectively ADV fbem-29583 14 33 assess assess VERB fbem-29583 14 34 the the DET fbem-29583 14 35 status status NOUN fbem-29583 14 36 of of ADP fbem-29583 14 37 enterprises enterprise NOUN fbem-29583 14 38 ' ' PART fbem-29583 14 39 environmental environmental ADJ fbem-29583 14 40 and and CCONJ fbem-29583 14 41 social social ADJ fbem-29583 14 42 responsibility responsibility NOUN fbem-29583 14 43 as as ADV fbem-29583 14 44 well well ADV fbem-29583 14 45 as as ADP fbem-29583 14 46 their their PRON fbem-29583 14 47 own own ADJ fbem-29583 14 48 management management NOUN fbem-29583 14 49 and and CCONJ fbem-29583 14 50 governance governance NOUN fbem-29583 14 51 capabilities capability NOUN fbem-29583 14 52 . . PUNCT fbem-29583 15 1 in in ADP fbem-29583 15 2 this this DET fbem-29583 15 3 paper paper NOUN fbem-29583 15 4 , , PUNCT fbem-29583 15 5 we we PRON fbem-29583 15 6 analyze analyze VERB fbem-29583 15 7 esg esg NOUN fbem-29583 15 8 performance performance NOUN fbem-29583 15 9 of of ADP fbem-29583 15 10 manufacturing manufacture VERB fbem-29583 15 11 companies company NOUN fbem-29583 15 12 , , PUNCT fbem-29583 15 13 which which PRON fbem-29583 15 14 is be AUX fbem-29583 15 15 the the DET fbem-29583 15 16 mainstream mainstream ADJ fbem-29583 15 17 corporate corporate ADJ fbem-29583 15 18 performance performance NOUN fbem-29583 15 19 measurement measurement NOUN fbem-29583 15 20 standard standard NOUN fbem-29583 15 21 today today NOUN fbem-29583 15 22 , , PUNCT fbem-29583 15 23 coincides coincide VERB fbem-29583 15 24 with with ADP fbem-29583 15 25 the the DET fbem-29583 15 26 current current ADJ fbem-29583 15 27 green green ADJ fbem-29583 15 28 development development NOUN fbem-29583 15 29 strategy strategy NOUN fbem-29583 15 30 and and CCONJ fbem-29583 15 31 high high ADJ fbem-29583 15 32 - - PUNCT fbem-29583 15 33 quality quality NOUN fbem-29583 15 34 development development NOUN fbem-29583 15 35 goals goal NOUN fbem-29583 15 36 , , PUNCT fbem-29583 15 37 and and CCONJ fbem-29583 15 38 is be AUX fbem-29583 15 39 gradually gradually ADV fbem-29583 15 40 attracting attract VERB fbem-29583 15 41 the the DET fbem-29583 15 42 attention attention NOUN fbem-29583 15 43 of of ADP fbem-29583 15 44 chinese chinese ADJ fbem-29583 15 45 companies company NOUN fbem-29583 15 46 , , PUNCT fbem-29583 15 47 investors investor NOUN fbem-29583 15 48 , , PUNCT fbem-29583 15 49 and and CCONJ fbem-29583 15 50 the the DET fbem-29583 15 51 government government NOUN fbem-29583 15 52 . . PUNCT fbem-29583 16 1 in in ADP fbem-29583 16 2 light light NOUN fbem-29583 16 3 of of ADP fbem-29583 16 4 the the DET fbem-29583 16 5 aforementioned aforementioned ADJ fbem-29583 16 6 context context NOUN fbem-29583 16 7 , , PUNCT fbem-29583 16 8 this this DET fbem-29583 16 9 study study NOUN fbem-29583 16 10 commences commence VERB fbem-29583 16 11 with with ADP fbem-29583 16 12 an an DET fbem-29583 16 13 examination examination NOUN fbem-29583 16 14 of of ADP fbem-29583 16 15 the the DET fbem-29583 16 16 esg esg NOUN fbem-29583 16 17 performance performance NOUN fbem-29583 16 18 of of ADP fbem-29583 16 19 manufacturing manufacturing NOUN fbem-29583 16 20 enterprises enterprise NOUN fbem-29583 16 21 , , PUNCT fbem-29583 16 22 investigating investigate VERB fbem-29583 16 23 the the DET fbem-29583 16 24 potential potential NOUN fbem-29583 16 25 of of ADP fbem-29583 16 26 fulfilling fulfil VERB fbem-29583 16 27 esg esg NOUN fbem-29583 16 28 responsibilities responsibility NOUN fbem-29583 16 29 to to PART fbem-29583 16 30 genuinely genuinely ADV fbem-29583 16 31 enhance enhance VERB fbem-29583 16 32 their their PRON fbem-29583 16 33 green green ADJ fbem-29583 16 34 innovation innovation NOUN fbem-29583 16 35 performance performance NOUN fbem-29583 16 36 . . PUNCT fbem-29583 17 1 it it PRON fbem-29583 17 2 offers offer VERB fbem-29583 17 3 novel novel ADJ fbem-29583 17 4 research research NOUN fbem-29583 17 5 perspectives perspective NOUN fbem-29583 17 6 on on ADP fbem-29583 17 7 overcoming overcome VERB fbem-29583 17 8 the the DET fbem-29583 17 9 challenges challenge NOUN fbem-29583 17 10 faced face VERB fbem-29583 17 11 by by ADP fbem-29583 17 12 manufacturing manufacture VERB fbem-29583 17 13 enterprises enterprise NOUN fbem-29583 17 14 in in ADP fbem-29583 17 15 green green ADJ fbem-29583 17 16 innovation innovation NOUN fbem-29583 17 17 , , PUNCT fbem-29583 17 18 including include VERB fbem-29583 17 19 the the DET fbem-29583 17 20 scarcity scarcity NOUN fbem-29583 17 21 of of ADP fbem-29583 17 22 r&d r&d NOUN fbem-29583 17 23 investment investment NOUN fbem-29583 17 24 and and CCONJ fbem-29583 17 25 the the DET fbem-29583 17 26 paucity paucity NOUN fbem-29583 17 27 of of ADP fbem-29583 17 28 substantial substantial ADJ fbem-29583 17 29 green green ADJ fbem-29583 17 30 innovation innovation NOUN fbem-29583 17 31 outcomes outcome NOUN fbem-29583 17 32 . . PUNCT fbem-29583 18 1 the the DET fbem-29583 18 2 study study NOUN fbem-29583 18 3 fosters foster VERB fbem-29583 18 4 enterprises enterprise NOUN fbem-29583 18 5 ' ' PART fbem-29583 18 6 enthusiasm enthusiasm NOUN fbem-29583 18 7 for for ADP fbem-29583 18 8 green green ADJ fbem-29583 18 9 innovation innovation NOUN fbem-29583 18 10 , , PUNCT fbem-29583 18 11 thereby thereby ADV fbem-29583 18 12 augmenting augment VERB fbem-29583 18 13 their their PRON fbem-29583 18 14 performance performance NOUN fbem-29583 18 15 in in ADP fbem-29583 18 16 this this DET fbem-29583 18 17 domain domain NOUN fbem-29583 18 18 . . PUNCT fbem-29583 19 1 concurrently concurrently ADV fbem-29583 19 2 , , PUNCT fbem-29583 19 3 it it PRON fbem-29583 19 4 mitigates mitigate VERB fbem-29583 19 5 information information NOUN fbem-29583 19 6 asymmetries asymmetry NOUN fbem-29583 19 7 in in ADP fbem-29583 19 8 the the DET fbem-29583 19 9 investment investment NOUN fbem-29583 19 10 process process NOUN fbem-29583 19 11 , , PUNCT fbem-29583 19 12 fosters foster VERB fbem-29583 19 13 scientific scientific ADJ fbem-29583 19 14 investment investment NOUN fbem-29583 19 15 practices practice NOUN fbem-29583 19 16 , , PUNCT fbem-29583 19 17 and and CCONJ fbem-29583 19 18 enhances enhance VERB fbem-29583 19 19 investment investment NOUN fbem-29583 19 20 efficiency efficiency NOUN fbem-29583 19 21 and and CCONJ fbem-29583 19 22 return return NOUN fbem-29583 19 23 . . PUNCT fbem-29583 20 1 moreover moreover ADV fbem-29583 20 2 , , PUNCT fbem-29583 20 3 for for ADP fbem-29583 20 4 the the DET fbem-29583 20 5 government government NOUN fbem-29583 20 6 and and CCONJ fbem-29583 20 7 regulatory regulatory ADJ fbem-29583 20 8 authorities authority NOUN fbem-29583 20 9 , , PUNCT fbem-29583 20 10 it it PRON fbem-29583 20 11 assists assist VERB fbem-29583 20 12 in in ADP fbem-29583 20 13 formulating formulate VERB fbem-29583 20 14 targeted target VERB fbem-29583 20 15 policies policy NOUN fbem-29583 20 16 to to PART fbem-29583 20 17 establish establish VERB fbem-29583 20 18 a a DET fbem-29583 20 19 conducive conducive ADJ fbem-29583 20 20 external external ADJ fbem-29583 20 21 environment environment NOUN fbem-29583 20 22 for for ADP fbem-29583 20 23 enterprises enterprise NOUN fbem-29583 20 24 , , PUNCT fbem-29583 20 25 and and CCONJ fbem-29583 20 26 promote promote VERB fbem-29583 20 27 the the DET fbem-29583 20 28 government government NOUN fbem-29583 20 29 to to PART fbem-29583 20 30 enhance enhance VERB fbem-29583 20 31 the the DET fbem-29583 20 32 strength strength NOUN fbem-29583 20 33 of of ADP fbem-29583 20 34 r&d r&d NOUN fbem-29583 20 35 support support NOUN fbem-29583 20 36 for for ADP fbem-29583 20 37 enterprises enterprise NOUN fbem-29583 20 38 , , PUNCT fbem-29583 20 39 in in ADP fbem-29583 20 40 order order NOUN fbem-29583 20 41 to to PART fbem-29583 20 42 alleviate alleviate VERB fbem-29583 20 43 the the DET fbem-29583 20 44 difficulties difficulty NOUN fbem-29583 20 45 of of ADP fbem-29583 20 46 enterprise enterprise NOUN fbem-29583 20 47 financing financing NOUN fbem-29583 20 48 and and CCONJ fbem-29583 20 49 ensure ensure VERB fbem-29583 20 50 the the DET fbem-29583 20 51 effective effective ADJ fbem-29583 20 52 allocation allocation NOUN fbem-29583 20 53 of of ADP fbem-29583 20 54 funds fund NOUN fbem-29583 20 55 . . PUNCT fbem-29583 21 1 in in ADP fbem-29583 21 2 the the DET fbem-29583 21 3 context context NOUN fbem-29583 21 4 of of ADP fbem-29583 21 5 china china PROPN fbem-29583 21 6 's 's PART fbem-29583 21 7 active active ADJ fbem-29583 21 8 promotion promotion NOUN fbem-29583 21 9 of of ADP fbem-29583 21 10 sustainable sustainable ADJ fbem-29583 21 11 and and CCONJ fbem-29583 21 12 green green ADJ fbem-29583 21 13 development development NOUN fbem-29583 21 14 , , PUNCT fbem-29583 21 15 enhancing enhance VERB fbem-29583 21 16 the the DET fbem-29583 21 17 green green ADJ fbem-29583 21 18 development development NOUN fbem-29583 21 19 level level NOUN fbem-29583 21 20 of of ADP fbem-29583 21 21 chinese chinese ADJ fbem-29583 21 22 manufacturing manufacturing NOUN fbem-29583 21 23 enterprises enterprise NOUN fbem-29583 21 24 is be AUX fbem-29583 21 25 of of ADP fbem-29583 21 26 great great ADJ fbem-29583 21 27 practical practical ADJ fbem-29583 21 28 significance significance NOUN fbem-29583 21 29 , , PUNCT fbem-29583 21 30 as as SCONJ fbem-29583 21 31 is be AUX fbem-29583 21 32 addressing address VERB fbem-29583 21 33 the the DET fbem-29583 21 34 scarcity scarcity NOUN fbem-29583 21 35 of of ADP fbem-29583 21 36 high high ADJ fbem-29583 21 37 - - PUNCT fbem-29583 21 38 quality quality NOUN fbem-29583 21 39 green green ADJ fbem-29583 21 40 innovation innovation NOUN fbem-29583 21 41 outcomes outcome NOUN fbem-29583 21 42 . . PUNCT fbem-29583 22 1 this this DET fbem-29583 22 2 paper paper NOUN fbem-29583 22 3 employs employ VERB fbem-29583 22 4 an an DET fbem-29583 22 5 esg esg NOUN fbem-29583 22 6 framework framework NOUN fbem-29583 22 7 to to PART fbem-29583 22 8 comprehensively comprehensively ADV fbem-29583 22 9 investigate investigate VERB fbem-29583 22 10 the the DET fbem-29583 22 11 impact impact NOUN fbem-29583 22 12 of of ADP fbem-29583 22 13 esg esg NOUN fbem-29583 22 14 performance performance NOUN fbem-29583 22 15 on on ADP fbem-29583 22 16 corporate corporate ADJ fbem-29583 22 17 green green ADJ fbem-29583 22 18 innovation innovation NOUN fbem-29583 22 19 performance performance NOUN fbem-29583 22 20 . . PUNCT fbem-29583 23 1 the the DET fbem-29583 23 2 findings finding NOUN fbem-29583 23 3 of of ADP fbem-29583 23 4 this this DET fbem-29583 23 5 study study NOUN fbem-29583 23 6 contribute contribute VERB fbem-29583 23 7 to to ADP fbem-29583 23 8 a a DET fbem-29583 23 9 more more ADV fbem-29583 23 10 profound profound ADJ fbem-29583 23 11 understanding understanding NOUN fbem-29583 23 12 within within ADP fbem-29583 23 13 the the DET fbem-29583 23 14 practical practical ADJ fbem-29583 23 15 community community NOUN fbem-29583 23 16 of of ADP fbem-29583 23 17 the the DET fbem-29583 23 18 role role NOUN fbem-29583 23 19 of of ADP fbem-29583 23 20 corporate corporate ADJ fbem-29583 23 21 esg esg NOUN fbem-29583 23 22 performance performance NOUN fbem-29583 23 23 in in ADP fbem-29583 23 24 promoting promote VERB fbem-29583 23 25 green green ADJ fbem-29583 23 26 innovation innovation NOUN fbem-29583 23 27 performance performance NOUN fbem-29583 23 28 . . PUNCT fbem-29583 24 1 moreover moreover ADV fbem-29583 24 2 , , PUNCT fbem-29583 24 3 the the DET fbem-29583 24 4 study study NOUN fbem-29583 24 5 offers offer VERB fbem-29583 24 6 empirical empirical ADJ fbem-29583 24 7 evidence evidence NOUN fbem-29583 24 8 to to PART fbem-29583 24 9 support support VERB fbem-29583 24 10 listed list VERB fbem-29583 24 11 companies company NOUN fbem-29583 24 12 in in ADP fbem-29583 24 13 enhancing enhance VERB fbem-29583 24 14 their their PRON fbem-29583 24 15 corporate corporate ADJ fbem-29583 24 16 esg esg NOUN fbem-29583 24 17 performance performance NOUN fbem-29583 24 18 , , PUNCT fbem-29583 24 19 encouraging encourage VERB fbem-29583 24 20 proactive proactive ADJ fbem-29583 24 21 environmental environmental ADJ fbem-29583 24 22 , , PUNCT fbem-29583 24 23 social social ADJ fbem-29583 24 24 , , PUNCT fbem-29583 24 25 and and CCONJ fbem-29583 24 26 internal internal ADJ fbem-29583 24 27 corporate corporate ADJ fbem-29583 24 28 governance governance NOUN fbem-29583 24 29 , , PUNCT fbem-29583 24 30 and and CCONJ fbem-29583 24 31 fostering foster VERB fbem-29583 24 32 their their PRON fbem-29583 24 33 green green ADJ fbem-29583 24 34 innovation innovation NOUN fbem-29583 24 35 capability capability NOUN fbem-29583 24 36 . . PUNCT fbem-29583 25 1 39 39 NUM fbem-29583 25 2 2 2 NUM fbem-29583 25 3 . . PUNCT fbem-29583 25 4 empirical empirical ADJ fbem-29583 25 5 research research NOUN fbem-29583 25 6 design design NOUN fbem-29583 25 7 2.1 2.1 NUM fbem-29583 25 8 . . PUNCT fbem-29583 26 1 mechanism mechanism NOUN fbem-29583 26 2 analysis analysis NOUN fbem-29583 26 3 and and CCONJ fbem-29583 26 4 research research NOUN fbem-29583 26 5 hypothesis hypothesis NOUN fbem-29583 26 6 from from ADP fbem-29583 26 7 the the DET fbem-29583 26 8 environmental environmental ADJ fbem-29583 26 9 perspective perspective NOUN fbem-29583 26 10 of of ADP fbem-29583 26 11 esg esg PROPN fbem-29583 26 12 performance performance NOUN fbem-29583 26 13 , , PUNCT fbem-29583 26 14 companies company NOUN fbem-29583 26 15 with with ADP fbem-29583 26 16 good good ADJ fbem-29583 26 17 esg esg PROPN fbem-29583 26 18 performance performance NOUN fbem-29583 26 19 are be AUX fbem-29583 26 20 more more ADV fbem-29583 26 21 likely likely ADJ fbem-29583 26 22 to to PART fbem-29583 26 23 recognize recognize VERB fbem-29583 26 24 the the DET fbem-29583 26 25 opportunities opportunity NOUN fbem-29583 26 26 and and CCONJ fbem-29583 26 27 challenges challenge NOUN fbem-29583 26 28 posed pose VERB fbem-29583 26 29 by by ADP fbem-29583 26 30 green green ADJ fbem-29583 26 31 development development PROPN fbem-29583 26 32 , , PUNCT fbem-29583 26 33 integrate integrate VERB fbem-29583 26 34 ecological ecological ADJ fbem-29583 26 35 issues issue NOUN fbem-29583 26 36 with with ADP fbem-29583 26 37 the the DET fbem-29583 26 38 current current ADJ fbem-29583 26 39 state state NOUN fbem-29583 26 40 of of ADP fbem-29583 26 41 development development NOUN fbem-29583 26 42 of of ADP fbem-29583 26 43 the the DET fbem-29583 26 44 company company NOUN fbem-29583 26 45 , , PUNCT fbem-29583 26 46 and and CCONJ fbem-29583 26 47 incorporate incorporate VERB fbem-29583 26 48 environmental environmental ADJ fbem-29583 26 49 actions action NOUN fbem-29583 26 50 such such ADJ fbem-29583 26 51 as as ADP fbem-29583 26 52 green green ADJ fbem-29583 26 53 innovation innovation NOUN fbem-29583 26 54 into into ADP fbem-29583 26 55 the the DET fbem-29583 26 56 company company NOUN fbem-29583 26 57 's 's PART fbem-29583 26 58 corporate corporate ADJ fbem-29583 26 59 strategy strategy NOUN fbem-29583 26 60 in in ADP fbem-29583 26 61 order order NOUN fbem-29583 26 62 to to PART fbem-29583 26 63 create create VERB fbem-29583 26 64 and and CCONJ fbem-29583 26 65 develop develop VERB fbem-29583 26 66 an an DET fbem-29583 26 67 emerging emerge VERB fbem-29583 26 68 competitive competitive ADJ fbem-29583 26 69 advantage advantage NOUN fbem-29583 26 70 for for ADP fbem-29583 26 71 the the DET fbem-29583 26 72 company company NOUN fbem-29583 26 73 [ [ X fbem-29583 26 74 3 3 NUM fbem-29583 26 75 ] ] PUNCT fbem-29583 26 76 . . PUNCT fbem-29583 27 1 the the DET fbem-29583 27 2 concept concept NOUN fbem-29583 27 3 of of ADP fbem-29583 27 4 " " PUNCT fbem-29583 27 5 good good ADJ fbem-29583 27 6 environmental environmental ADJ fbem-29583 27 7 performance performance NOUN fbem-29583 27 8 " " PUNCT fbem-29583 27 9 of of ADP fbem-29583 27 10 an an DET fbem-29583 27 11 enterprise enterprise NOUN fbem-29583 27 12 encompasses encompass VERB fbem-29583 27 13 a a DET fbem-29583 27 14 range range NOUN fbem-29583 27 15 of of ADP fbem-29583 27 16 factors factor NOUN fbem-29583 27 17 . . PUNCT fbem-29583 28 1 firstly firstly ADV fbem-29583 28 2 , , PUNCT fbem-29583 28 3 it it PRON fbem-29583 28 4 signifies signify VERB fbem-29583 28 5 the the DET fbem-29583 28 6 capacity capacity NOUN fbem-29583 28 7 to to PART fbem-29583 28 8 adopt adopt VERB fbem-29583 28 9 and and CCONJ fbem-29583 28 10 implement implement VERB fbem-29583 28 11 effective effective ADJ fbem-29583 28 12 environmental environmental ADJ fbem-29583 28 13 management management NOUN fbem-29583 28 14 measures measure NOUN fbem-29583 28 15 . . PUNCT fbem-29583 29 1 secondly secondly ADV fbem-29583 29 2 , , PUNCT fbem-29583 29 3 it it PRON fbem-29583 29 4 denotes denote VERB fbem-29583 29 5 a a DET fbem-29583 29 6 proactive proactive ADJ fbem-29583 29 7 response response NOUN fbem-29583 29 8 to to ADP fbem-29583 29 9 relevant relevant ADJ fbem-29583 29 10 policies policy NOUN fbem-29583 29 11 . . PUNCT fbem-29583 30 1 thirdly thirdly ADV fbem-29583 30 2 , , PUNCT fbem-29583 30 3 it it PRON fbem-29583 30 4 involves involve VERB fbem-29583 30 5 the the DET fbem-29583 30 6 efficient efficient ADJ fbem-29583 30 7 utilization utilization NOUN fbem-29583 30 8 of of ADP fbem-29583 30 9 resources resource NOUN fbem-29583 30 10 . . PUNCT fbem-29583 31 1 finally finally ADV fbem-29583 31 2 , , PUNCT fbem-29583 31 3 it it PRON fbem-29583 31 4 entails entail VERB fbem-29583 31 5 the the DET fbem-29583 31 6 proactive proactive ADJ fbem-29583 31 7 implementation implementation NOUN fbem-29583 31 8 of of ADP fbem-29583 31 9 environmental environmental ADJ fbem-29583 31 10 preventive preventive ADJ fbem-29583 31 11 management management NOUN fbem-29583 31 12 , , PUNCT fbem-29583 31 13 encompassing encompass VERB fbem-29583 31 14 the the DET fbem-29583 31 15 realization realization NOUN fbem-29583 31 16 of of ADP fbem-29583 31 17 technological technological ADJ fbem-29583 31 18 innovation innovation NOUN fbem-29583 31 19 , , PUNCT fbem-29583 31 20 the the DET fbem-29583 31 21 cultivation cultivation NOUN fbem-29583 31 22 of of ADP fbem-29583 31 23 corporate corporate ADJ fbem-29583 31 24 environmental environmental ADJ fbem-29583 31 25 protection protection NOUN fbem-29583 31 26 culture culture NOUN fbem-29583 31 27 , , PUNCT fbem-29583 31 28 and and CCONJ fbem-29583 31 29 the the DET fbem-29583 31 30 establishment establishment NOUN fbem-29583 31 31 of of ADP fbem-29583 31 32 a a DET fbem-29583 31 33 green green ADJ fbem-29583 31 34 brand brand NOUN fbem-29583 31 35 , , PUNCT fbem-29583 31 36 among among ADP fbem-29583 31 37 other other ADJ fbem-29583 31 38 factors factor NOUN fbem-29583 31 39 . . PUNCT fbem-29583 32 1 in in ADP fbem-29583 32 2 the the DET fbem-29583 32 3 context context NOUN fbem-29583 32 4 of of ADP fbem-29583 32 5 the the DET fbem-29583 32 6 current current ADJ fbem-29583 32 7 challenges challenge NOUN fbem-29583 32 8 to to PART fbem-29583 32 9 sustainable sustainable ADJ fbem-29583 32 10 development development NOUN fbem-29583 32 11 of of ADP fbem-29583 32 12 resources resource NOUN fbem-29583 32 13 and and CCONJ fbem-29583 32 14 environment environment NOUN fbem-29583 32 15 , , PUNCT fbem-29583 32 16 such such ADJ fbem-29583 32 17 initiatives initiative NOUN fbem-29583 32 18 can can AUX fbem-29583 32 19 help help VERB fbem-29583 32 20 enterprises enterprise NOUN fbem-29583 32 21 maintain maintain VERB fbem-29583 32 22 and and CCONJ fbem-29583 32 23 enhance enhance VERB fbem-29583 32 24 their their PRON fbem-29583 32 25 competitive competitive ADJ fbem-29583 32 26 advantages advantage NOUN fbem-29583 32 27 and and CCONJ fbem-29583 32 28 realize realize VERB fbem-29583 32 29 the the DET fbem-29583 32 30 harmonious harmonious ADJ fbem-29583 32 31 coexistence coexistence NOUN fbem-29583 32 32 of of ADP fbem-29583 32 33 environmental environmental ADJ fbem-29583 32 34 protection protection NOUN fbem-29583 32 35 and and CCONJ fbem-29583 32 36 economic economic ADJ fbem-29583 32 37 development development NOUN fbem-29583 32 38 . . PUNCT fbem-29583 33 1 from from ADP fbem-29583 33 2 the the DET fbem-29583 33 3 social social ADJ fbem-29583 33 4 perspective perspective NOUN fbem-29583 33 5 of of ADP fbem-29583 33 6 esg esg PROPN fbem-29583 33 7 performance performance NOUN fbem-29583 33 8 , , PUNCT fbem-29583 33 9 good good ADJ fbem-29583 33 10 csr csr NOUN fbem-29583 33 11 performance performance NOUN fbem-29583 33 12 refers refer VERB fbem-29583 33 13 to to ADP fbem-29583 33 14 a a DET fbem-29583 33 15 balanced balanced ADJ fbem-29583 33 16 and and CCONJ fbem-29583 33 17 coordinated coordinated ADJ fbem-29583 33 18 relationship relationship NOUN fbem-29583 33 19 between between ADP fbem-29583 33 20 a a DET fbem-29583 33 21 company company NOUN fbem-29583 33 22 and and CCONJ fbem-29583 33 23 its its PRON fbem-29583 33 24 stakeholders stakeholder NOUN fbem-29583 33 25 , , PUNCT fbem-29583 33 26 and and CCONJ fbem-29583 33 27 according accord VERB fbem-29583 33 28 to to ADP fbem-29583 33 29 stakeholder stakeholder NOUN fbem-29583 33 30 theory theory NOUN fbem-29583 33 31 and and CCONJ fbem-29583 33 32 signaling signal VERB fbem-29583 33 33 theory theory NOUN fbem-29583 33 34 , , PUNCT fbem-29583 33 35 the the DET fbem-29583 33 36 attention attention NOUN fbem-29583 33 37 of of ADP fbem-29583 33 38 corporate corporate ADJ fbem-29583 33 39 investors investor NOUN fbem-29583 33 40 can can AUX fbem-29583 33 41 effectively effectively ADV fbem-29583 33 42 promote promote VERB fbem-29583 33 43 corporate corporate ADJ fbem-29583 33 44 green green ADJ fbem-29583 33 45 innovation innovation NOUN fbem-29583 34 1 [ [ X fbem-29583 34 2 4 4 NUM fbem-29583 34 3 ] ] PUNCT fbem-29583 34 4 . . PUNCT fbem-29583 35 1 by by ADP fbem-29583 35 2 optimizing optimize VERB fbem-29583 35 3 employee employee NOUN fbem-29583 35 4 benefits benefit NOUN fbem-29583 35 5 and and CCONJ fbem-29583 35 6 actively actively ADV fbem-29583 35 7 fulfilling fulfil VERB fbem-29583 35 8 social social ADJ fbem-29583 35 9 responsibilities responsibility NOUN fbem-29583 35 10 , , PUNCT fbem-29583 35 11 companies company NOUN fbem-29583 35 12 send send VERB fbem-29583 35 13 reliable reliable ADJ fbem-29583 35 14 and and CCONJ fbem-29583 35 15 trustworthy trustworthy ADJ fbem-29583 35 16 signals signal NOUN fbem-29583 35 17 to to ADP fbem-29583 35 18 investors investor NOUN fbem-29583 35 19 . . PUNCT fbem-29583 36 1 stakeholders stakeholder NOUN fbem-29583 36 2 tend tend VERB fbem-29583 36 3 to to PART fbem-29583 36 4 believe believe VERB fbem-29583 36 5 that that SCONJ fbem-29583 36 6 companies company NOUN fbem-29583 36 7 that that PRON fbem-29583 36 8 perform perform VERB fbem-29583 36 9 well well ADV fbem-29583 36 10 in in ADP fbem-29583 36 11 environmental environmental ADJ fbem-29583 36 12 , , PUNCT fbem-29583 36 13 social social ADJ fbem-29583 36 14 , , PUNCT fbem-29583 36 15 and and CCONJ fbem-29583 36 16 governance governance NOUN fbem-29583 36 17 ( ( PUNCT fbem-29583 36 18 esg esg NOUN fbem-29583 36 19 ) ) PUNCT fbem-29583 36 20 have have VERB fbem-29583 36 21 a a DET fbem-29583 36 22 stronger strong ADJ fbem-29583 36 23 contractual contractual ADJ fbem-29583 36 24 spirit spirit NOUN fbem-29583 36 25 and and CCONJ fbem-29583 36 26 the the DET fbem-29583 36 27 ability ability NOUN fbem-29583 36 28 to to PART fbem-29583 36 29 fulfill fulfill VERB fbem-29583 36 30 their their PRON fbem-29583 36 31 commitments commitment NOUN fbem-29583 36 32 , , PUNCT fbem-29583 36 33 and and CCONJ fbem-29583 36 34 therefore therefore ADV fbem-29583 36 35 will will AUX fbem-29583 36 36 give give VERB fbem-29583 36 37 such such ADJ fbem-29583 36 38 companies company NOUN fbem-29583 36 39 more more ADJ fbem-29583 36 40 trust trust NOUN fbem-29583 36 41 and and CCONJ fbem-29583 36 42 resource resource NOUN fbem-29583 36 43 support support NOUN fbem-29583 36 44 to to PART fbem-29583 36 45 meet meet VERB fbem-29583 36 46 the the DET fbem-29583 36 47 needs need NOUN fbem-29583 36 48 of of ADP fbem-29583 36 49 sustainable sustainable ADJ fbem-29583 36 50 development development NOUN fbem-29583 36 51 . . PUNCT fbem-29583 37 1 from from ADP fbem-29583 37 2 the the DET fbem-29583 37 3 perspective perspective NOUN fbem-29583 37 4 of of ADP fbem-29583 37 5 corporate corporate ADJ fbem-29583 37 6 governance governance NOUN fbem-29583 37 7 of of ADP fbem-29583 37 8 esg esg PROPN fbem-29583 37 9 performance performance NOUN fbem-29583 37 10 , , PUNCT fbem-29583 37 11 excellent excellent ADJ fbem-29583 37 12 governance governance NOUN fbem-29583 37 13 capability capability NOUN fbem-29583 37 14 can can AUX fbem-29583 37 15 effectively effectively ADV fbem-29583 37 16 alleviate alleviate VERB fbem-29583 37 17 the the DET fbem-29583 37 18 principal principal ADJ fbem-29583 37 19 - - PUNCT fbem-29583 37 20 agent agent NOUN fbem-29583 37 21 problem problem NOUN fbem-29583 37 22 by by ADP fbem-29583 37 23 building build VERB fbem-29583 37 24 effective effective ADJ fbem-29583 37 25 incentive incentive NOUN fbem-29583 37 26 and and CCONJ fbem-29583 37 27 constraint constraint NOUN fbem-29583 37 28 mechanisms mechanism NOUN fbem-29583 37 29 . . PUNCT fbem-29583 38 1 it it PRON fbem-29583 38 2 has have AUX fbem-29583 38 3 been be AUX fbem-29583 38 4 shown show VERB fbem-29583 38 5 that that SCONJ fbem-29583 38 6 the the DET fbem-29583 38 7 core core NOUN fbem-29583 38 8 objective objective NOUN fbem-29583 38 9 of of ADP fbem-29583 38 10 corporate corporate ADJ fbem-29583 38 11 governance governance NOUN fbem-29583 38 12 is be AUX fbem-29583 38 13 to to PART fbem-29583 38 14 promote promote VERB fbem-29583 38 15 the the DET fbem-29583 38 16 long long ADJ fbem-29583 38 17 - - PUNCT fbem-29583 38 18 term term NOUN fbem-29583 38 19 development development NOUN fbem-29583 38 20 of of ADP fbem-29583 38 21 enterprises enterprise NOUN fbem-29583 38 22 , , PUNCT fbem-29583 38 23 and and CCONJ fbem-29583 38 24 the the DET fbem-29583 38 25 realization realization NOUN fbem-29583 38 26 of of ADP fbem-29583 38 27 this this DET fbem-29583 38 28 objective objective ADJ fbem-29583 38 29 needs need NOUN fbem-29583 38 30 to to PART fbem-29583 38 31 follow follow VERB fbem-29583 38 32 the the DET fbem-29583 38 33 basic basic ADJ fbem-29583 38 34 principles principle NOUN fbem-29583 38 35 of of ADP fbem-29583 38 36 innovation innovation NOUN fbem-29583 38 37 and and CCONJ fbem-29583 38 38 value value NOUN fbem-29583 38 39 creation creation NOUN fbem-29583 38 40 , , PUNCT fbem-29583 38 41 and and CCONJ fbem-29583 38 42 under under ADP fbem-29583 38 43 the the DET fbem-29583 38 44 supervision supervision NOUN fbem-29583 38 45 of of ADP fbem-29583 38 46 the the DET fbem-29583 38 47 board board NOUN fbem-29583 38 48 of of ADP fbem-29583 38 49 directors director NOUN fbem-29583 38 50 , , PUNCT fbem-29583 38 51 corporate corporate ADJ fbem-29583 38 52 managers manager NOUN fbem-29583 38 53 will will AUX fbem-29583 38 54 consciously consciously ADV fbem-29583 38 55 adopt adopt VERB fbem-29583 38 56 green green ADJ fbem-29583 38 57 scientific scientific ADJ fbem-29583 38 58 decisions decision NOUN fbem-29583 38 59 conducive conducive ADJ fbem-29583 38 60 to to ADP fbem-29583 38 61 the the DET fbem-29583 38 62 development development NOUN fbem-29583 38 63 of of ADP fbem-29583 38 64 enterprises enterprise NOUN fbem-29583 38 65 [ [ X fbem-29583 38 66 5 5 NUM fbem-29583 38 67 ] ] PUNCT fbem-29583 38 68 . . PUNCT fbem-29583 39 1 from from ADP fbem-29583 39 2 the the DET fbem-29583 39 3 comprehensive comprehensive ADJ fbem-29583 39 4 perspective perspective NOUN fbem-29583 39 5 of of ADP fbem-29583 39 6 esg esg PROPN fbem-29583 39 7 performance performance NOUN fbem-29583 39 8 , , PUNCT fbem-29583 39 9 esg esg PROPN fbem-29583 39 10 , , PUNCT fbem-29583 39 11 as as ADP fbem-29583 39 12 a a DET fbem-29583 39 13 strategic strategic ADJ fbem-29583 39 14 investment investment NOUN fbem-29583 39 15 approach approach NOUN fbem-29583 39 16 , , PUNCT fbem-29583 39 17 can can AUX fbem-29583 39 18 optimize optimize VERB fbem-29583 39 19 the the DET fbem-29583 39 20 allocation allocation NOUN fbem-29583 39 21 structure structure NOUN fbem-29583 39 22 of of ADP fbem-29583 39 23 resources resource NOUN fbem-29583 39 24 and and CCONJ fbem-29583 39 25 effectively effectively ADV fbem-29583 39 26 reduce reduce VERB fbem-29583 39 27 the the DET fbem-29583 39 28 risks risk NOUN fbem-29583 39 29 in in ADP fbem-29583 39 30 the the DET fbem-29583 39 31 innovation innovation NOUN fbem-29583 39 32 process process NOUN fbem-29583 39 33 . . PUNCT fbem-29583 40 1 in in ADP fbem-29583 40 2 comparison comparison NOUN fbem-29583 40 3 with with ADP fbem-29583 40 4 conventional conventional ADJ fbem-29583 40 5 innovation innovation NOUN fbem-29583 40 6 endeavors endeavor NOUN fbem-29583 40 7 , , PUNCT fbem-29583 40 8 green green ADJ fbem-29583 40 9 innovation innovation NOUN fbem-29583 40 10 exhibits exhibit VERB fbem-29583 40 11 distinctive distinctive ADJ fbem-29583 40 12 characteristics characteristic NOUN fbem-29583 40 13 with with ADP fbem-29583 40 14 regard regard NOUN fbem-29583 40 15 to to ADP fbem-29583 40 16 input input NOUN fbem-29583 40 17 costs cost NOUN fbem-29583 40 18 , , PUNCT fbem-29583 40 19 risks risk NOUN fbem-29583 40 20 , , PUNCT fbem-29583 40 21 and and CCONJ fbem-29583 40 22 anticipated anticipated ADJ fbem-29583 40 23 returns return NOUN fbem-29583 40 24 , , PUNCT fbem-29583 40 25 among among ADP fbem-29583 40 26 other other ADJ fbem-29583 40 27 factors factor NOUN fbem-29583 40 28 . . PUNCT fbem-29583 41 1 in in ADP fbem-29583 41 2 the the DET fbem-29583 41 3 process process NOUN fbem-29583 41 4 of of ADP fbem-29583 41 5 promoting promote VERB fbem-29583 41 6 green green ADJ fbem-29583 41 7 technological technological ADJ fbem-29583 41 8 innovation innovation NOUN fbem-29583 41 9 , , PUNCT fbem-29583 41 10 enterprises enterprise NOUN fbem-29583 41 11 must must AUX fbem-29583 41 12 engage engage VERB fbem-29583 41 13 in in ADP fbem-29583 41 14 a a DET fbem-29583 41 15 series series NOUN fbem-29583 41 16 of of ADP fbem-29583 41 17 pivotal pivotal ADJ fbem-29583 41 18 phases phase NOUN fbem-29583 41 19 , , PUNCT fbem-29583 41 20 including include VERB fbem-29583 41 21 r&d r&d NOUN fbem-29583 41 22 and and CCONJ fbem-29583 41 23 production production NOUN fbem-29583 41 24 , , PUNCT fbem-29583 41 25 necessitating necessitate VERB fbem-29583 41 26 substantial substantial ADJ fbem-29583 41 27 long long ADJ fbem-29583 41 28 - - PUNCT fbem-29583 41 29 term term NOUN fbem-29583 41 30 investment investment NOUN fbem-29583 41 31 in in ADP fbem-29583 41 32 capital capital NOUN fbem-29583 41 33 , , PUNCT fbem-29583 41 34 human human ADJ fbem-29583 41 35 resources resource NOUN fbem-29583 41 36 , , PUNCT fbem-29583 41 37 and and CCONJ fbem-29583 41 38 other other ADJ fbem-29583 41 39 factors factor NOUN fbem-29583 41 40 , , PUNCT fbem-29583 41 41 thereby thereby ADV fbem-29583 41 42 amplifying amplify VERB fbem-29583 41 43 the the DET fbem-29583 41 44 uncertainty uncertainty NOUN fbem-29583 41 45 surrounding surround VERB fbem-29583 41 46 innovation innovation NOUN fbem-29583 41 47 risks risk NOUN fbem-29583 41 48 . . PUNCT fbem-29583 42 1 conversely conversely ADV fbem-29583 42 2 , , PUNCT fbem-29583 42 3 enterprises enterprise NOUN fbem-29583 42 4 demonstrating demonstrate VERB fbem-29583 42 5 commendable commendable ADJ fbem-29583 42 6 esg esg PROPN fbem-29583 42 7 performance performance NOUN fbem-29583 42 8 are be AUX fbem-29583 42 9 incentivized incentivize VERB fbem-29583 42 10 to to PART fbem-29583 42 11 augment augment VERB fbem-29583 42 12 their their PRON fbem-29583 42 13 investment investment NOUN fbem-29583 42 14 in in ADP fbem-29583 42 15 green green ADJ fbem-29583 42 16 innovation innovation NOUN fbem-29583 42 17 and and CCONJ fbem-29583 42 18 r&d r&d NOUN fbem-29583 42 19 , , PUNCT fbem-29583 42 20 a a DET fbem-29583 42 21 strategic strategic ADJ fbem-29583 42 22 move move NOUN fbem-29583 42 23 that that PRON fbem-29583 42 24 is be AUX fbem-29583 42 25 expected expect VERB fbem-29583 42 26 to to PART fbem-29583 42 27 enhance enhance VERB fbem-29583 42 28 their their PRON fbem-29583 42 29 green green ADJ fbem-29583 42 30 innovation innovation NOUN fbem-29583 42 31 capabilities capability NOUN fbem-29583 43 1 [ [ X fbem-29583 43 2 6 6 NUM fbem-29583 43 3 ] ] PUNCT fbem-29583 43 4 . . PUNCT fbem-29583 44 1 based base VERB fbem-29583 44 2 on on ADP fbem-29583 44 3 the the DET fbem-29583 44 4 above above ADJ fbem-29583 44 5 analysis analysis NOUN fbem-29583 44 6 , , PUNCT fbem-29583 44 7 the the DET fbem-29583 44 8 following follow VERB fbem-29583 44 9 hypotheses hypothesis NOUN fbem-29583 44 10 are be AUX fbem-29583 44 11 proposed propose VERB fbem-29583 44 12 in in ADP fbem-29583 44 13 this this DET fbem-29583 44 14 paper paper NOUN fbem-29583 44 15 : : PUNCT fbem-29583 44 16 h1 h1 NOUN fbem-29583 44 17 : : PUNCT fbem-29583 44 18 good good ADJ fbem-29583 44 19 esg esg PROPN fbem-29583 44 20 performance performance NOUN fbem-29583 44 21 of of ADP fbem-29583 44 22 manufacturing manufacturing NOUN fbem-29583 44 23 firms firm NOUN fbem-29583 44 24 can can AUX fbem-29583 44 25 effectively effectively ADV fbem-29583 44 26 improve improve VERB fbem-29583 44 27 green green ADJ fbem-29583 44 28 innovation innovation NOUN fbem-29583 44 29 performance performance NOUN fbem-29583 44 30 ; ; PUNCT fbem-29583 44 31 h2 h2 NOUN fbem-29583 44 32 : : PUNCT fbem-29583 44 33 good good ADJ fbem-29583 44 34 environmental environmental ADJ fbem-29583 44 35 performance performance NOUN fbem-29583 44 36 of of ADP fbem-29583 44 37 manufacturing manufacturing NOUN fbem-29583 44 38 firms firm NOUN fbem-29583 44 39 can can AUX fbem-29583 44 40 effectively effectively ADV fbem-29583 44 41 improve improve VERB fbem-29583 44 42 green green ADJ fbem-29583 44 43 innovation innovation NOUN fbem-29583 44 44 performance performance NOUN fbem-29583 44 45 ; ; PUNCT fbem-29583 44 46 h3 h3 NOUN fbem-29583 44 47 : : PUNCT fbem-29583 44 48 good good ADJ fbem-29583 44 49 social social ADJ fbem-29583 44 50 responsibility responsibility NOUN fbem-29583 44 51 performance performance NOUN fbem-29583 44 52 of of ADP fbem-29583 44 53 manufacturing manufacturing NOUN fbem-29583 44 54 firms firm NOUN fbem-29583 44 55 can can AUX fbem-29583 44 56 effectively effectively ADV fbem-29583 44 57 improve improve VERB fbem-29583 44 58 green green ADJ fbem-29583 44 59 innovation innovation NOUN fbem-29583 44 60 performance performance NOUN fbem-29583 44 61 ; ; PUNCT fbem-29583 44 62 h4 h4 NOUN fbem-29583 44 63 : : PUNCT fbem-29583 44 64 good good ADJ fbem-29583 44 65 corporate corporate ADJ fbem-29583 44 66 governance governance NOUN fbem-29583 44 67 performance performance NOUN fbem-29583 44 68 of of ADP fbem-29583 44 69 manufacturing manufacturing NOUN fbem-29583 44 70 firms firm NOUN fbem-29583 44 71 can can AUX fbem-29583 44 72 effectively effectively ADV fbem-29583 44 73 improve improve VERB fbem-29583 44 74 green green ADJ fbem-29583 44 75 innovation innovation NOUN fbem-29583 44 76 performance performance NOUN fbem-29583 44 77 . . PUNCT fbem-29583 45 1 2.2 2.2 NUM fbem-29583 45 2 . . PUNCT fbem-29583 46 1 sample sample NOUN fbem-29583 46 2 selection selection NOUN fbem-29583 46 3 and and CCONJ fbem-29583 46 4 data datum NOUN fbem-29583 46 5 sources source NOUN fbem-29583 46 6 this this DET fbem-29583 46 7 paper paper NOUN fbem-29583 46 8 utilizes utilize VERB fbem-29583 46 9 a a DET fbem-29583 46 10 sample sample NOUN fbem-29583 46 11 of of ADP fbem-29583 46 12 a a DET fbem-29583 46 13 - - PUNCT fbem-29583 46 14 share share NOUN fbem-29583 46 15 listed list VERB fbem-29583 46 16 companies company NOUN fbem-29583 46 17 in in ADP fbem-29583 46 18 china china PROPN fbem-29583 46 19 's 's PART fbem-29583 46 20 manufacturing manufacturing NOUN fbem-29583 46 21 industry industry NOUN fbem-29583 46 22 from from ADP fbem-29583 46 23 2014 2014 NUM fbem-29583 46 24 to to ADP fbem-29583 46 25 2023 2023 NUM fbem-29583 46 26 as as ADP fbem-29583 46 27 the the DET fbem-29583 46 28 research research NOUN fbem-29583 46 29 object object NOUN fbem-29583 46 30 . . PUNCT fbem-29583 47 1 the the DET fbem-29583 47 2 selected select VERB fbem-29583 47 3 companies company NOUN fbem-29583 47 4 encompass encompass VERB fbem-29583 47 5 31 31 NUM fbem-29583 47 6 subdirections subdirection NOUN fbem-29583 47 7 in in ADP fbem-29583 47 8 the the DET fbem-29583 47 9 manufacturing manufacturing NOUN fbem-29583 47 10 sector sector NOUN fbem-29583 47 11 ( ( PUNCT fbem-29583 47 12 c c NOUN fbem-29583 47 13 ) ) PUNCT fbem-29583 47 14 of of ADP fbem-29583 47 15 the the DET fbem-29583 47 16 national national ADJ fbem-29583 47 17 economic economic ADJ fbem-29583 47 18 industry industry NOUN fbem-29583 47 19 classification classification NOUN fbem-29583 47 20 ( ( PUNCT fbem-29583 47 21 gb gb NOUN fbem-29583 47 22 / / SYM fbem-29583 47 23 t t NOUN fbem-29583 47 24 4754 4754 NUM fbem-29583 47 25 - - SYM fbem-29583 47 26 2017 2017 NUM fbem-29583 47 27 ) ) PUNCT fbem-29583 47 28 . . PUNCT fbem-29583 48 1 the the DET fbem-29583 48 2 esg esg PROPN fbem-29583 48 3 scores score NOUN fbem-29583 48 4 of of ADP fbem-29583 48 5 the the DET fbem-29583 48 6 companies company NOUN fbem-29583 48 7 , , PUNCT fbem-29583 48 8 the the DET fbem-29583 48 9 number number NOUN fbem-29583 48 10 of of ADP fbem-29583 48 11 listed list VERB fbem-29583 48 12 companies company NOUN fbem-29583 48 13 ' ' PART fbem-29583 48 14 green green PROPN fbem-29583 48 15 patent patent NOUN fbem-29583 48 16 applications application NOUN fbem-29583 48 17 , , PUNCT fbem-29583 48 18 and and CCONJ fbem-29583 48 19 the the DET fbem-29583 48 20 data datum NOUN fbem-29583 48 21 of of ADP fbem-29583 48 22 the the DET fbem-29583 48 23 companies company NOUN fbem-29583 48 24 were be AUX fbem-29583 48 25 matched match VERB fbem-29583 48 26 . . PUNCT fbem-29583 49 1 to to PART fbem-29583 49 2 ensure ensure VERB fbem-29583 49 3 the the DET fbem-29583 49 4 robustness robustness NOUN fbem-29583 49 5 of of ADP fbem-29583 49 6 the the DET fbem-29583 49 7 research research NOUN fbem-29583 49 8 results result NOUN fbem-29583 49 9 , , PUNCT fbem-29583 49 10 the the DET fbem-29583 49 11 samples sample NOUN fbem-29583 49 12 were be AUX fbem-29583 49 13 processed process VERB fbem-29583 49 14 in in ADP fbem-29583 49 15 accordance accordance NOUN fbem-29583 49 16 with with ADP fbem-29583 49 17 the the DET fbem-29583 49 18 unified unify VERB fbem-29583 49 19 practices practice NOUN fbem-29583 49 20 in in ADP fbem-29583 49 21 the the DET fbem-29583 49 22 academic academic ADJ fbem-29583 49 23 world world NOUN fbem-29583 49 24 . . PUNCT fbem-29583 50 1 specifically specifically ADV fbem-29583 50 2 , , PUNCT fbem-29583 50 3 the the DET fbem-29583 50 4 following follow VERB fbem-29583 50 5 steps step NOUN fbem-29583 50 6 were be AUX fbem-29583 50 7 taken take VERB fbem-29583 50 8 : : PUNCT fbem-29583 50 9 ( ( PUNCT fbem-29583 50 10 1 1 X fbem-29583 50 11 ) ) PUNCT fbem-29583 50 12 the the DET fbem-29583 50 13 data datum NOUN fbem-29583 50 14 of of ADP fbem-29583 50 15 enterprises enterprise NOUN fbem-29583 50 16 in in ADP fbem-29583 50 17 financial financial ADJ fbem-29583 50 18 industries industry NOUN fbem-29583 50 19 , , PUNCT fbem-29583 50 20 as as ADV fbem-29583 50 21 well well ADV fbem-29583 50 22 as as ADP fbem-29583 50 23 st st PROPN fbem-29583 50 24 and and CCONJ fbem-29583 50 25 st st PROPN fbem-29583 50 26 * * PROPN fbem-29583 50 27 , , PUNCT fbem-29583 50 28 were be AUX fbem-29583 50 29 excluded exclude VERB fbem-29583 50 30 ; ; PUNCT fbem-29583 50 31 ( ( PUNCT fbem-29583 50 32 2 2 X fbem-29583 50 33 ) ) PUNCT fbem-29583 50 34 the the DET fbem-29583 50 35 data datum NOUN fbem-29583 50 36 of of ADP fbem-29583 50 37 enterprises enterprise NOUN fbem-29583 50 38 with with ADP fbem-29583 50 39 residual residual ADJ fbem-29583 50 40 data datum NOUN fbem-29583 50 41 were be AUX fbem-29583 50 42 excluded exclude VERB fbem-29583 50 43 ; ; PUNCT fbem-29583 50 44 and and CCONJ fbem-29583 50 45 ( ( PUNCT fbem-29583 50 46 3 3 X fbem-29583 50 47 ) ) PUNCT fbem-29583 50 48 to to PART fbem-29583 50 49 reduce reduce VERB fbem-29583 50 50 the the DET fbem-29583 50 51 impact impact NOUN fbem-29583 50 52 of of ADP fbem-29583 50 53 extreme extreme ADJ fbem-29583 50 54 values value NOUN fbem-29583 50 55 on on ADP fbem-29583 50 56 the the DET fbem-29583 50 57 results result NOUN fbem-29583 50 58 , , PUNCT fbem-29583 50 59 the the DET fbem-29583 50 60 continuous continuous ADJ fbem-29583 50 61 variables variable NOUN fbem-29583 50 62 were be AUX fbem-29583 50 63 subjected subject VERB fbem-29583 50 64 to to ADP fbem-29583 50 65 shrinking shrink VERB fbem-29583 50 66 on on ADP fbem-29583 50 67 the the DET fbem-29583 50 68 1st 1st ADJ fbem-29583 50 69 and and CCONJ fbem-29583 50 70 99th 99th ADJ fbem-29583 50 71 percentile percentile ADJ fbem-29583 50 72 . . PUNCT fbem-29583 51 1 the the DET fbem-29583 51 2 final final ADJ fbem-29583 51 3 sample sample NOUN fbem-29583 51 4 of of ADP fbem-29583 51 5 2,843 2,843 NUM fbem-29583 51 6 firms firm NOUN fbem-29583 51 7 and and CCONJ fbem-29583 51 8 17,935 17,935 NUM fbem-29583 51 9 observations observation NOUN fbem-29583 51 10 was be AUX fbem-29583 51 11 obtained obtain VERB fbem-29583 51 12 . . PUNCT fbem-29583 52 1 the the DET fbem-29583 52 2 data datum NOUN fbem-29583 52 3 on on ADP fbem-29583 52 4 corporate corporate ADJ fbem-29583 52 5 esg esg NOUN fbem-29583 52 6 performance performance NOUN fbem-29583 52 7 are be AUX fbem-29583 52 8 obtained obtain VERB fbem-29583 52 9 from from ADP fbem-29583 52 10 wind wind NOUN fbem-29583 52 11 databases database NOUN fbem-29583 52 12 , , PUNCT fbem-29583 52 13 the the DET fbem-29583 52 14 data datum NOUN fbem-29583 52 15 on on ADP fbem-29583 52 16 green green ADJ fbem-29583 52 17 innovation innovation NOUN fbem-29583 52 18 are be AUX fbem-29583 52 19 obtained obtain VERB fbem-29583 52 20 from from ADP fbem-29583 52 21 the the DET fbem-29583 52 22 china china PROPN fbem-29583 52 23 research research PROPN fbem-29583 52 24 data data PROPN fbem-29583 52 25 service service NOUN fbem-29583 52 26 platform platform NOUN fbem-29583 52 27 ( ( PUNCT fbem-29583 52 28 cnrds cnrd NOUN fbem-29583 52 29 ) ) PUNCT fbem-29583 52 30 , , PUNCT fbem-29583 52 31 and and CCONJ fbem-29583 52 32 the the DET fbem-29583 52 33 data datum NOUN fbem-29583 52 34 on on ADP fbem-29583 52 35 the the DET fbem-29583 52 36 remaining remain VERB fbem-29583 52 37 variables variable NOUN fbem-29583 52 38 are be AUX fbem-29583 52 39 obtained obtain VERB fbem-29583 52 40 from from ADP fbem-29583 52 41 the the DET fbem-29583 52 42 database database NOUN fbem-29583 52 43 of of ADP fbem-29583 52 44 cathay cathay PROPN fbem-29583 52 45 pacific pacific PROPN fbem-29583 52 46 ( ( PUNCT fbem-29583 52 47 csmar csmar PROPN fbem-29583 52 48 ) ) PUNCT fbem-29583 52 49 . . PUNCT fbem-29583 53 1 the the DET fbem-29583 53 2 data data NOUN fbem-29583 53 3 analysis analysis NOUN fbem-29583 53 4 was be AUX fbem-29583 53 5 conducted conduct VERB fbem-29583 53 6 using use VERB fbem-29583 53 7 stata stata PROPN fbem-29583 53 8 16.0 16.0 NUM fbem-29583 53 9 software software NOUN fbem-29583 53 10 . . PUNCT fbem-29583 54 1 2.3 2.3 NUM fbem-29583 54 2 . . PUNCT fbem-29583 54 3 design design NOUN fbem-29583 54 4 and and CCONJ fbem-29583 54 5 description description NOUN fbem-29583 54 6 of of ADP fbem-29583 54 7 variables variable NOUN fbem-29583 54 8 ( ( PUNCT fbem-29583 54 9 1 1 X fbem-29583 54 10 ) ) PUNCT fbem-29583 54 11 explained explain VERB fbem-29583 54 12 variable variable NOUN fbem-29583 54 13 : : PUNCT fbem-29583 54 14 green green ADJ fbem-29583 54 15 innovation innovation NOUN fbem-29583 54 16 performance(gi performance(gi PROPN fbem-29583 54 17 ) ) PUNCT fbem-29583 54 18 . . PUNCT fbem-29583 55 1 the the DET fbem-29583 55 2 number number NOUN fbem-29583 55 3 of of ADP fbem-29583 55 4 green green ADJ fbem-29583 55 5 invention invention NOUN fbem-29583 55 6 patent patent NOUN fbem-29583 55 7 applications application NOUN fbem-29583 55 8 is be AUX fbem-29583 55 9 used use VERB fbem-29583 55 10 as as ADP fbem-29583 55 11 a a DET fbem-29583 55 12 proxy proxy NOUN fbem-29583 55 13 variable variable NOUN fbem-29583 55 14 for for ADP fbem-29583 55 15 the the DET fbem-29583 55 16 explained explain VERB fbem-29583 55 17 variables variable NOUN fbem-29583 55 18 . . PUNCT fbem-29583 56 1 in in ADP fbem-29583 56 2 order order NOUN fbem-29583 56 3 to to PART fbem-29583 56 4 facilitate facilitate VERB fbem-29583 56 5 the the DET fbem-29583 56 6 measurement measurement NOUN fbem-29583 56 7 , , PUNCT fbem-29583 56 8 the the DET fbem-29583 56 9 number number NOUN fbem-29583 56 10 of of ADP fbem-29583 56 11 green green ADJ fbem-29583 56 12 invention invention NOUN fbem-29583 56 13 patent patent NOUN fbem-29583 56 14 applications application NOUN fbem-29583 56 15 of of ADP fbem-29583 56 16 enterprises enterprise NOUN fbem-29583 56 17 is be AUX fbem-29583 56 18 added add VERB fbem-29583 56 19 one one NUM fbem-29583 56 20 to to PART fbem-29583 56 21 take take VERB fbem-29583 56 22 the the DET fbem-29583 56 23 logarithm logarithm NOUN fbem-29583 56 24 . . PUNCT fbem-29583 57 1 ( ( PUNCT fbem-29583 57 2 2 2 X fbem-29583 57 3 ) ) PUNCT fbem-29583 57 4 explanatory explanatory ADJ fbem-29583 57 5 variables variable NOUN fbem-29583 57 6 : : PUNCT fbem-29583 57 7 corporate corporate ADJ fbem-29583 57 8 esg esg NOUN fbem-29583 57 9 performance performance NOUN fbem-29583 57 10 . . PUNCT fbem-29583 58 1 in in ADP fbem-29583 58 2 this this DET fbem-29583 58 3 paper paper NOUN fbem-29583 58 4 , , PUNCT fbem-29583 58 5 the the DET fbem-29583 58 6 esg esg NOUN fbem-29583 58 7 rating rating NOUN fbem-29583 58 8 of of ADP fbem-29583 58 9 csi csi PROPN fbem-29583 58 10 is be AUX fbem-29583 58 11 selected select VERB fbem-29583 58 12 as as ADP fbem-29583 58 13 an an DET fbem-29583 58 14 explanatory explanatory ADJ fbem-29583 58 15 variable variable NOUN fbem-29583 58 16 . . PUNCT fbem-29583 59 1 the the DET fbem-29583 59 2 evaluation evaluation NOUN fbem-29583 59 3 results result NOUN fbem-29583 59 4 are be AUX fbem-29583 59 5 categorized categorize VERB fbem-29583 59 6 into into ADP fbem-29583 59 7 nine nine NUM fbem-29583 59 8 grades grade NOUN fbem-29583 59 9 of of ADP fbem-29583 59 10 β€œ " PUNCT fbem-29583 59 11 aaa aaa NOUN fbem-29583 59 12 - - PUNCT fbem-29583 59 13 c c NOUN fbem-29583 59 14 ” " PUNCT fbem-29583 59 15 , , PUNCT fbem-29583 59 16 and and CCONJ fbem-29583 59 17 assigned assign VERB fbem-29583 59 18 the the DET fbem-29583 59 19 value value NOUN fbem-29583 59 20 of of ADP fbem-29583 59 21 β€œ " PUNCT fbem-29583 59 22 1 1 NUM fbem-29583 59 23 - - SYM fbem-29583 59 24 9 9 NUM fbem-29583 59 25 ” " PUNCT fbem-29583 59 26 for for ADP fbem-29583 59 27 the the DET fbem-29583 59 28 convenience convenience NOUN fbem-29583 59 29 of of ADP fbem-29583 59 30 calculation calculation NOUN fbem-29583 59 31 . . PUNCT fbem-29583 60 1 ( ( PUNCT fbem-29583 60 2 3 3 X fbem-29583 60 3 ) ) PUNCT fbem-29583 60 4 control control NOUN fbem-29583 60 5 variables variable NOUN fbem-29583 60 6 : : PUNCT fbem-29583 60 7 the the DET fbem-29583 60 8 control control NOUN fbem-29583 60 9 variables variable NOUN fbem-29583 60 10 employed employ VERB fbem-29583 60 11 in in ADP fbem-29583 60 12 this this DET fbem-29583 60 13 study study NOUN fbem-29583 60 14 encompass encompass VERB fbem-29583 60 15 a a DET fbem-29583 60 16 range range NOUN fbem-29583 60 17 of of ADP fbem-29583 60 18 metrics metric NOUN fbem-29583 60 19 , , PUNCT fbem-29583 60 20 including include VERB fbem-29583 60 21 firm firm ADJ fbem-29583 60 22 size size NOUN fbem-29583 60 23 ( ( PUNCT fbem-29583 60 24 size size NOUN fbem-29583 60 25 ) ) PUNCT fbem-29583 60 26 , , PUNCT fbem-29583 60 27 gearing gear VERB fbem-29583 60 28 ratio ratio NOUN fbem-29583 60 29 ( ( PUNCT fbem-29583 60 30 lev lev NOUN fbem-29583 60 31 ) ) PUNCT fbem-29583 60 32 , , PUNCT fbem-29583 60 33 return return VERB fbem-29583 60 34 on on ADP fbem-29583 60 35 equity equity NOUN fbem-29583 60 36 ( ( PUNCT fbem-29583 60 37 roe roe PROPN fbem-29583 60 38 ) ) PUNCT fbem-29583 60 39 , , PUNCT fbem-29583 60 40 growth growth NOUN fbem-29583 60 41 rate rate NOUN fbem-29583 60 42 of of ADP fbem-29583 60 43 operating operate VERB fbem-29583 60 44 income income NOUN fbem-29583 60 45 ( ( PUNCT fbem-29583 60 46 growth growth NOUN fbem-29583 60 47 ) ) PUNCT fbem-29583 60 48 , , PUNCT fbem-29583 60 49 cashflow cashflow ADJ fbem-29583 60 50 ratio ratio NOUN fbem-29583 60 51 ( ( PUNCT fbem-29583 60 52 cashflow cashflow NOUN fbem-29583 60 53 ) ) PUNCT fbem-29583 60 54 , , PUNCT fbem-29583 60 55 shareholding shareholde VERB fbem-29583 60 56 ratio ratio NOUN fbem-29583 60 57 of of ADP fbem-29583 60 58 the the DET fbem-29583 60 59 top top ADJ fbem-29583 60 60 ten ten NUM fbem-29583 60 61 shareholders shareholder NOUN fbem-29583 60 62 ( ( PUNCT fbem-29583 60 63 top10 top10 NOUN fbem-29583 60 64 ) ) PUNCT fbem-29583 60 65 , , PUNCT fbem-29583 60 66 tobin tobin PROPN fbem-29583 60 67 's 's PART fbem-29583 60 68 q q X fbem-29583 60 69 ( ( PUNCT fbem-29583 60 70 tobinq tobinq ADJ fbem-29583 60 71 ) ) PUNCT fbem-29583 60 72 , , PUNCT fbem-29583 60 73 and and CCONJ fbem-29583 60 74 year year NOUN fbem-29583 60 75 of of ADP fbem-29583 60 76 establishment establishment NOUN fbem-29583 60 77 of of ADP fbem-29583 60 78 the the DET fbem-29583 60 79 company company NOUN fbem-29583 60 80 ( ( PUNCT fbem-29583 60 81 firmage firmage NOUN fbem-29583 60 82 ) ) PUNCT fbem-29583 60 83 . . PUNCT fbem-29583 61 1 furthermore furthermore ADV fbem-29583 61 2 , , PUNCT fbem-29583 61 3 time time NOUN fbem-29583 61 4 characteristics characteristic NOUN fbem-29583 61 5 and and CCONJ fbem-29583 61 6 individuals individual NOUN fbem-29583 61 7 are be AUX fbem-29583 61 8 incorporated incorporate VERB fbem-29583 61 9 into into ADP fbem-29583 61 10 the the DET fbem-29583 61 11 analysis analysis NOUN fbem-29583 61 12 , , PUNCT fbem-29583 61 13 as as SCONJ fbem-29583 61 14 they they PRON fbem-29583 61 15 have have VERB fbem-29583 61 16 the the DET fbem-29583 61 17 potential potential NOUN fbem-29583 61 18 to to PART fbem-29583 61 19 influence influence VERB fbem-29583 61 20 the the DET fbem-29583 61 21 study study NOUN fbem-29583 61 22 's 's PART fbem-29583 61 23 outcomes outcome NOUN fbem-29583 61 24 . . PUNCT fbem-29583 62 1 this this DET fbem-29583 62 2 additional additional ADJ fbem-29583 62 3 control control NOUN fbem-29583 62 4 serves serve VERB fbem-29583 62 5 to to PART fbem-29583 62 6 refine refine VERB fbem-29583 62 7 the the DET fbem-29583 62 8 study study NOUN fbem-29583 62 9 's 's PART fbem-29583 62 10 findings finding NOUN fbem-29583 62 11 by by ADP fbem-29583 62 12 considering consider VERB fbem-29583 62 13 the the DET fbem-29583 62 14 40 40 NUM fbem-29583 62 15 influence influence NOUN fbem-29583 62 16 of of ADP fbem-29583 62 17 individuals individual NOUN fbem-29583 62 18 and and CCONJ fbem-29583 62 19 years year NOUN fbem-29583 62 20 . . PUNCT fbem-29583 63 1 2.4 2.4 NUM fbem-29583 63 2 . . PUNCT fbem-29583 63 3 model model NOUN fbem-29583 63 4 building building NOUN fbem-29583 63 5 based base VERB fbem-29583 63 6 on on ADP fbem-29583 63 7 the the DET fbem-29583 63 8 above above ADJ fbem-29583 63 9 analysis analysis NOUN fbem-29583 63 10 , , PUNCT fbem-29583 63 11 in in ADP fbem-29583 63 12 order order NOUN fbem-29583 63 13 to to PART fbem-29583 63 14 test test VERB fbem-29583 63 15 hypotheses hypothesis NOUN fbem-29583 63 16 h1 h1 PROPN fbem-29583 63 17 - - PUNCT fbem-29583 63 18 h4 h4 PROPN fbem-29583 63 19 , , PUNCT fbem-29583 63 20 the the DET fbem-29583 63 21 influence influence NOUN fbem-29583 63 22 of of ADP fbem-29583 63 23 corporate corporate ADJ fbem-29583 63 24 esg esg NOUN fbem-29583 63 25 performance performance NOUN fbem-29583 63 26 on on ADP fbem-29583 63 27 green green ADJ fbem-29583 63 28 innovation innovation NOUN fbem-29583 63 29 performance performance NOUN fbem-29583 63 30 , , PUNCT fbem-29583 63 31 the the DET fbem-29583 63 32 following follow VERB fbem-29583 63 33 fixed fix VERB fbem-29583 63 34 effect effect NOUN fbem-29583 63 35 model model NOUN fbem-29583 63 36 is be AUX fbem-29583 63 37 constructed construct VERB fbem-29583 63 38 : : PUNCT fbem-29583 63 39 𝐺𝐼𝑖𝑑 𝐺𝐼𝑖𝑑 PROPN fbem-29583 63 40 = = SYM fbem-29583 63 41 𝛼0 𝛼0 PROPN fbem-29583 63 42 + + CCONJ fbem-29583 63 43 𝛼1𝐸𝑆𝐺𝑖𝑑 𝛼1𝐸𝑆𝐺𝑖𝑑 PROPN fbem-29583 63 44 + + CCONJ fbem-29583 63 45 Ξ³πΆπ‘œπ‘›π‘‘π‘Ÿπ‘œπ‘™π‘ π‘–π‘‘ Ξ³πΆπ‘œπ‘›π‘‘π‘Ÿπ‘œπ‘™π‘ π‘–π‘‘ PROPN fbem-29583 63 46 + + CCONJ fbem-29583 63 47 π‘†π‘¦π‘šπ‘π‘œπ‘™π‘ π‘†π‘¦π‘šπ‘π‘œπ‘™π‘ PROPN fbem-29583 63 48 + + CCONJ fbem-29583 63 49 π‘Œπ‘’π‘Žπ‘Ÿπ‘‘ π‘Œπ‘’π‘Žπ‘Ÿπ‘‘ PROPN fbem-29583 63 50 + + CCONJ fbem-29583 63 51 Ρ𝑖𝑑 Ρ𝑖𝑑 NOUN fbem-29583 63 52 where where SCONJ fbem-29583 63 53 the the DET fbem-29583 63 54 explanatory explanatory ADJ fbem-29583 63 55 variable variable NOUN fbem-29583 63 56 is be AUX fbem-29583 63 57 firms firm NOUN fbem-29583 63 58 ' ' PART fbem-29583 63 59 green green ADJ fbem-29583 63 60 innovation innovation NOUN fbem-29583 63 61 performance performance NOUN fbem-29583 63 62 ( ( PUNCT fbem-29583 63 63 𝐺𝐼𝑖𝑑 𝐺𝐼𝑖𝑑 PROPN fbem-29583 63 64 ) ) PUNCT fbem-29583 63 65 , , PUNCT fbem-29583 63 66 the the DET fbem-29583 63 67 explanatory explanatory ADJ fbem-29583 63 68 variable variable NOUN fbem-29583 63 69 is be AUX fbem-29583 63 70 firms firm NOUN fbem-29583 63 71 ' ' PART fbem-29583 63 72 esg esg NOUN fbem-29583 63 73 performance performance NOUN fbem-29583 63 74 ( ( PUNCT fbem-29583 63 75 𝐸𝑆𝐺𝑖𝑑 𝐸𝑆𝐺𝑖𝑑 PROPN fbem-29583 63 76 ) ) PUNCT fbem-29583 63 77 , , PUNCT fbem-29583 63 78 𝛼0 𝛼0 PROPN fbem-29583 63 79 is be AUX fbem-29583 63 80 the the DET fbem-29583 63 81 intercept intercept NOUN fbem-29583 63 82 term term NOUN fbem-29583 63 83 , , PUNCT fbem-29583 63 84 Ρ𝑖𝑑 Ρ𝑖𝑑 NOUN fbem-29583 63 85 is be AUX fbem-29583 63 86 the the DET fbem-29583 63 87 random random ADJ fbem-29583 63 88 error error NOUN fbem-29583 63 89 term term NOUN fbem-29583 63 90 , , PUNCT fbem-29583 63 91 subscript subscript NOUN fbem-29583 63 92 i i PRON fbem-29583 63 93 denotes denote VERB fbem-29583 63 94 the the DET fbem-29583 63 95 ith ith PROPN fbem-29583 63 96 firm firm NOUN fbem-29583 63 97 , , PUNCT fbem-29583 63 98 t t PROPN fbem-29583 63 99 denotes denote VERB fbem-29583 63 100 the the DET fbem-29583 63 101 period period NOUN fbem-29583 63 102 , , PUNCT fbem-29583 63 103 πΆπ‘œπ‘›π‘‘π‘Ÿπ‘œπ‘™π‘ π‘–π‘‘ πΆπ‘œπ‘›π‘‘π‘Ÿπ‘œπ‘™π‘ π‘–π‘‘ PROPN fbem-29583 63 104 is be AUX fbem-29583 63 105 a a DET fbem-29583 63 106 series series NOUN fbem-29583 63 107 of of ADP fbem-29583 63 108 control control NOUN fbem-29583 63 109 variables variable NOUN fbem-29583 63 110 , , PUNCT fbem-29583 63 111 π‘†π‘¦π‘šπ‘π‘œπ‘™π‘ π‘†π‘¦π‘šπ‘π‘œπ‘™π‘ PROPN fbem-29583 63 112 denotes denote VERB fbem-29583 63 113 individual individual ADJ fbem-29583 63 114 fixed fix VERB fbem-29583 63 115 effects effect NOUN fbem-29583 63 116 , , PUNCT fbem-29583 63 117 and and CCONJ fbem-29583 63 118 π‘Œπ‘’π‘Žπ‘Ÿπ‘‘ π‘Œπ‘’π‘Žπ‘Ÿπ‘‘ PROPN fbem-29583 63 119 denotes denote NOUN fbem-29583 63 120 year year VERB fbem-29583 63 121 fixed fix VERB fbem-29583 63 122 effects effect NOUN fbem-29583 63 123 . . PUNCT fbem-29583 64 1 the the DET fbem-29583 64 2 coefficients coefficient NOUN fbem-29583 64 3 𝛼1 𝛼1 NOUN fbem-29583 64 4 indicate indicate VERB fbem-29583 64 5 the the DET fbem-29583 64 6 effect effect NOUN fbem-29583 64 7 of of ADP fbem-29583 64 8 corporate corporate ADJ fbem-29583 64 9 esg esg NOUN fbem-29583 64 10 performance performance NOUN fbem-29583 64 11 on on ADP fbem-29583 64 12 corporate corporate ADJ fbem-29583 64 13 green green ADJ fbem-29583 64 14 innovation innovation NOUN fbem-29583 64 15 performance performance NOUN fbem-29583 64 16 , , PUNCT fbem-29583 64 17 and and CCONJ fbem-29583 64 18 if if SCONJ fbem-29583 64 19 significantly significantly ADV fbem-29583 64 20 positive positive ADJ fbem-29583 64 21 , , PUNCT fbem-29583 64 22 hypotheses hypothese VERB fbem-29583 64 23 1 1 NUM fbem-29583 64 24 - - SYM fbem-29583 64 25 4 4 NUM fbem-29583 64 26 hold hold NOUN fbem-29583 64 27 . . PUNCT fbem-29583 65 1 3 3 X fbem-29583 65 2 . . X fbem-29583 65 3 empirical empirical ADJ fbem-29583 65 4 tests test NOUN fbem-29583 65 5 and and CCONJ fbem-29583 65 6 analysis analysis NOUN fbem-29583 65 7 of of ADP fbem-29583 65 8 results result NOUN fbem-29583 65 9 3.1 3.1 NUM fbem-29583 65 10 . . PUNCT fbem-29583 66 1 esg esg NOUN fbem-29583 66 2 performance performance NOUN fbem-29583 66 3 and and CCONJ fbem-29583 66 4 green green ADJ fbem-29583 66 5 innovation innovation NOUN fbem-29583 66 6 performance performance NOUN fbem-29583 66 7 table table NOUN fbem-29583 66 8 3 3 NUM fbem-29583 66 9 - - SYM fbem-29583 66 10 1 1 NUM fbem-29583 66 11 . . PUNCT fbem-29583 66 12 results result NOUN fbem-29583 66 13 of of ADP fbem-29583 66 14 regression regression NOUN fbem-29583 66 15 analysis analysis NOUN fbem-29583 66 16 of of ADP fbem-29583 66 17 esg esg NOUN fbem-29583 66 18 performance performance NOUN fbem-29583 66 19 on on ADP fbem-29583 66 20 green green ADJ fbem-29583 66 21 innovation innovation NOUN fbem-29583 66 22 performance performance NOUN fbem-29583 66 23 of of ADP fbem-29583 66 24 manufacturing manufacturing NOUN fbem-29583 66 25 enterprises enterprise NOUN fbem-29583 66 26 ( ( PUNCT fbem-29583 66 27 1 1 NUM fbem-29583 66 28 ) ) PUNCT fbem-29583 66 29 ( ( PUNCT fbem-29583 66 30 2 2 X fbem-29583 66 31 ) ) PUNCT fbem-29583 66 32 variant variant NOUN fbem-29583 66 33 gi gi NOUN fbem-29583 66 34 gi gi INTJ fbem-29583 66 35 esg esg PROPN fbem-29583 66 36 0.030 0.030 NUM fbem-29583 66 37 * * PUNCT fbem-29583 66 38 * * PUNCT fbem-29583 66 39 * * PUNCT fbem-29583 66 40 0.019 0.019 NUM fbem-29583 66 41 * * PUNCT fbem-29583 66 42 * * PUNCT fbem-29583 66 43 * * PUNCT fbem-29583 66 44 ( ( PUNCT fbem-29583 66 45 5.050 5.050 NUM fbem-29583 66 46 ) ) PUNCT fbem-29583 66 47 ( ( PUNCT fbem-29583 66 48 3.196 3.196 NUM fbem-29583 66 49 ) ) PUNCT fbem-29583 66 50 size size NOUN fbem-29583 66 51 0.312 0.312 NUM fbem-29583 66 52 * * PUNCT fbem-29583 66 53 * * PUNCT fbem-29583 66 54 * * PUNCT fbem-29583 66 55 ( ( PUNCT fbem-29583 66 56 16.807 16.807 NUM fbem-29583 66 57 ) ) PUNCT fbem-29583 66 58 lev lev NOUN fbem-29583 66 59 -0.086 -0.086 PUNCT fbem-29583 66 60 ( ( PUNCT fbem-29583 66 61 -1.498 -1.498 NOUN fbem-29583 66 62 ) ) PUNCT fbem-29583 66 63 growth growth NOUN fbem-29583 66 64 -0.034 -0.034 NOUN fbem-29583 66 65 * * PUNCT fbem-29583 66 66 * * PUNCT fbem-29583 66 67 ( ( PUNCT fbem-29583 66 68 -2.051 -2.051 NOUN fbem-29583 66 69 ) ) PUNCT fbem-29583 66 70 roe roe NOUN fbem-29583 66 71 -0.030 -0.030 PUNCT fbem-29583 66 72 ( ( PUNCT fbem-29583 66 73 -0.529 -0.529 NOUN fbem-29583 66 74 ) ) PUNCT fbem-29583 66 75 tobinq tobinq NOUN fbem-29583 67 1 0.024 0.024 NUM fbem-29583 67 2 * * NOUN fbem-29583 67 3 * * PUNCT fbem-29583 67 4 * * PUNCT fbem-29583 67 5 ( ( PUNCT fbem-29583 67 6 4.464 4.464 NUM fbem-29583 67 7 ) ) PUNCT fbem-29583 67 8 cashflow cashflow NOUN fbem-29583 67 9 0.079 0.079 NUM fbem-29583 67 10 ( ( PUNCT fbem-29583 67 11 0.903 0.903 NUM fbem-29583 67 12 ) ) PUNCT fbem-29583 67 13 top10 top10 NOUN fbem-29583 67 14 0.184 0.184 NUM fbem-29583 67 15 * * PUNCT fbem-29583 67 16 * * PUNCT fbem-29583 67 17 ( ( PUNCT fbem-29583 67 18 2.100 2.100 NUM fbem-29583 67 19 ) ) PUNCT fbem-29583 67 20 firmage firmage NOUN fbem-29583 67 21 -0.289 -0.289 NOUN fbem-29583 67 22 * * PUNCT fbem-29583 67 23 * * PUNCT fbem-29583 67 24 ( ( PUNCT fbem-29583 67 25 -2.029 -2.029 NOUN fbem-29583 67 26 ) ) PUNCT fbem-29583 67 27 symbol symbol NOUN fbem-29583 68 1 yes yes INTJ fbem-29583 69 1 yes yes INTJ fbem-29583 69 2 year year NOUN fbem-29583 70 1 yes yes INTJ fbem-29583 70 2 yes yes INTJ fbem-29583 71 1 n n CCONJ fbem-29583 71 2 17935 17935 NUM fbem-29583 71 3 17935 17935 NUM fbem-29583 72 1 adj adj PROPN fbem-29583 72 2 . . PUNCT fbem-29583 72 3 r2 r2 PROPN fbem-29583 72 4 0.691 0.691 NUM fbem-29583 72 5 0.700 0.700 NUM fbem-29583 72 6 note note NOUN fbem-29583 72 7 : : PUNCT fbem-29583 72 8 the the DET fbem-29583 72 9 values value NOUN fbem-29583 72 10 in in ADP fbem-29583 72 11 parentheses parenthesis NOUN fbem-29583 72 12 are be AUX fbem-29583 72 13 t t NOUN fbem-29583 72 14 - - PUNCT fbem-29583 72 15 values value NOUN fbem-29583 72 16 , , PUNCT fbem-29583 72 17 * * PUNCT fbem-29583 72 18 , , PUNCT fbem-29583 72 19 * * PUNCT fbem-29583 72 20 * * PUNCT fbem-29583 72 21 , , PUNCT fbem-29583 72 22 and and CCONJ fbem-29583 72 23 * * PUNCT fbem-29583 72 24 * * PUNCT fbem-29583 72 25 * * PUNCT fbem-29583 72 26 respectively respectively ADV fbem-29583 72 27 indicating indicate VERB fbem-29583 72 28 significant significant ADJ fbem-29583 72 29 values value NOUN fbem-29583 72 30 at at ADP fbem-29583 72 31 the the DET fbem-29583 72 32 10 10 NUM fbem-29583 72 33 % % NOUN fbem-29583 72 34 , , PUNCT fbem-29583 72 35 5 5 NUM fbem-29583 72 36 % % NOUN fbem-29583 72 37 , , PUNCT fbem-29583 72 38 and and CCONJ fbem-29583 72 39 1 1 NUM fbem-29583 72 40 % % NOUN fbem-29583 72 41 levels level NOUN fbem-29583 72 42 . . PUNCT fbem-29583 73 1 in in ADP fbem-29583 73 2 order order NOUN fbem-29583 73 3 to to PART fbem-29583 73 4 examine examine VERB fbem-29583 73 5 the the DET fbem-29583 73 6 impact impact NOUN fbem-29583 73 7 of of ADP fbem-29583 73 8 esg esg NOUN fbem-29583 73 9 performance performance NOUN fbem-29583 73 10 of of ADP fbem-29583 73 11 manufacturing manufacturing NOUN fbem-29583 73 12 enterprises enterprise NOUN fbem-29583 73 13 on on ADP fbem-29583 73 14 green green ADJ fbem-29583 73 15 innovation innovation NOUN fbem-29583 73 16 performance performance NOUN fbem-29583 73 17 , , PUNCT fbem-29583 73 18 in in ADP fbem-29583 73 19 the the DET fbem-29583 73 20 first first ADJ fbem-29583 73 21 step step NOUN fbem-29583 73 22 of of ADP fbem-29583 73 23 the the DET fbem-29583 73 24 benchmark benchmark ADJ fbem-29583 73 25 regression regression NOUN fbem-29583 73 26 without without ADP fbem-29583 73 27 adding add VERB fbem-29583 73 28 control control NOUN fbem-29583 73 29 variables variable NOUN fbem-29583 73 30 only only ADV fbem-29583 73 31 consider consider VERB fbem-29583 73 32 the the DET fbem-29583 73 33 impact impact NOUN fbem-29583 73 34 of of ADP fbem-29583 73 35 the the DET fbem-29583 73 36 explanatory explanatory ADJ fbem-29583 73 37 variable variable ADJ fbem-29583 73 38 esg esg PROPN fbem-29583 73 39 performance performance NOUN fbem-29583 73 40 of of ADP fbem-29583 73 41 manufacturing manufacturing NOUN fbem-29583 73 42 enterprises enterprise NOUN fbem-29583 73 43 on on ADP fbem-29583 73 44 the the DET fbem-29583 73 45 green green ADJ fbem-29583 73 46 innovation innovation NOUN fbem-29583 73 47 performance performance NOUN fbem-29583 73 48 of of ADP fbem-29583 73 49 the the DET fbem-29583 73 50 explanatory explanatory ADJ fbem-29583 73 51 variables variable NOUN fbem-29583 73 52 , , PUNCT fbem-29583 73 53 and and CCONJ fbem-29583 73 54 in in ADP fbem-29583 73 55 the the DET fbem-29583 73 56 second second ADJ fbem-29583 73 57 step step NOUN fbem-29583 73 58 add add VERB fbem-29583 73 59 control control NOUN fbem-29583 73 60 variables variable NOUN fbem-29583 73 61 to to PART fbem-29583 73 62 examine examine VERB fbem-29583 73 63 the the DET fbem-29583 73 64 impact impact NOUN fbem-29583 73 65 of of ADP fbem-29583 73 66 esg esg NOUN fbem-29583 73 67 performance performance NOUN fbem-29583 73 68 of of ADP fbem-29583 73 69 manufacturing manufacturing NOUN fbem-29583 73 70 enterprises enterprise NOUN fbem-29583 73 71 on on ADP fbem-29583 73 72 green green ADJ fbem-29583 73 73 innovation innovation NOUN fbem-29583 73 74 performance performance NOUN fbem-29583 73 75 . . PUNCT fbem-29583 74 1 the the DET fbem-29583 74 2 regression regression NOUN fbem-29583 74 3 results result NOUN fbem-29583 74 4 are be AUX fbem-29583 74 5 shown show VERB fbem-29583 74 6 in in ADP fbem-29583 74 7 table table NOUN fbem-29583 74 8 3 3 NUM fbem-29583 74 9 - - SYM fbem-29583 74 10 1 1 NUM fbem-29583 74 11 . . PUNCT fbem-29583 75 1 the the DET fbem-29583 75 2 regression regression NOUN fbem-29583 75 3 result result NOUN fbem-29583 75 4 column column NOUN fbem-29583 75 5 1 1 NUM fbem-29583 75 6 shows show VERB fbem-29583 75 7 the the DET fbem-29583 75 8 impact impact NOUN fbem-29583 75 9 of of ADP fbem-29583 75 10 esg esg NOUN fbem-29583 75 11 performance performance NOUN fbem-29583 75 12 of of ADP fbem-29583 75 13 manufacturing manufacturing NOUN fbem-29583 75 14 enterprises enterprise NOUN fbem-29583 75 15 on on ADP fbem-29583 75 16 green green ADJ fbem-29583 75 17 innovation innovation NOUN fbem-29583 75 18 performance performance NOUN fbem-29583 75 19 when when SCONJ fbem-29583 75 20 no no DET fbem-29583 75 21 control control NOUN fbem-29583 75 22 variables variable NOUN fbem-29583 75 23 are be AUX fbem-29583 75 24 added add VERB fbem-29583 75 25 , , PUNCT fbem-29583 75 26 and and CCONJ fbem-29583 75 27 the the DET fbem-29583 75 28 coefficient coefficient NOUN fbem-29583 75 29 between between ADP fbem-29583 75 30 esg esg PROPN fbem-29583 75 31 performance performance NOUN fbem-29583 75 32 of of ADP fbem-29583 75 33 manufacturing manufacturing NOUN fbem-29583 75 34 enterprises enterprise NOUN fbem-29583 75 35 and and CCONJ fbem-29583 75 36 green green ADJ fbem-29583 75 37 innovation innovation NOUN fbem-29583 75 38 performance performance NOUN fbem-29583 75 39 is be AUX fbem-29583 75 40 0.030 0.030 NUM fbem-29583 75 41 , , PUNCT fbem-29583 75 42 which which PRON fbem-29583 75 43 is be AUX fbem-29583 75 44 significant significant ADJ fbem-29583 75 45 at at ADP fbem-29583 75 46 the the DET fbem-29583 75 47 1 1 NUM fbem-29583 75 48 % % NOUN fbem-29583 75 49 level level NOUN fbem-29583 75 50 , , PUNCT fbem-29583 75 51 indicating indicate VERB fbem-29583 75 52 that that SCONJ fbem-29583 75 53 every every DET fbem-29583 75 54 one one NUM fbem-29583 75 55 unit unit NOUN fbem-29583 75 56 of of ADP fbem-29583 75 57 improvement improvement NOUN fbem-29583 75 58 in in ADP fbem-29583 75 59 esg esg PROPN fbem-29583 75 60 performance performance NOUN fbem-29583 75 61 of of ADP fbem-29583 75 62 manufacturing manufacturing NOUN fbem-29583 75 63 enterprises enterprise NOUN fbem-29583 75 64 can can AUX fbem-29583 75 65 make make VERB fbem-29583 75 66 the the DET fbem-29583 75 67 green green ADJ fbem-29583 75 68 innovation innovation NOUN fbem-29583 75 69 performance performance NOUN fbem-29583 75 70 of of ADP fbem-29583 75 71 enterprises enterprise NOUN fbem-29583 75 72 rise rise VERB fbem-29583 75 73 by by ADP fbem-29583 75 74 0.030 0.030 NUM fbem-29583 75 75 on on ADP fbem-29583 75 76 average average ADJ fbem-29583 75 77 ; ; PUNCT fbem-29583 75 78 from from ADP fbem-29583 75 79 the the DET fbem-29583 75 80 regression regression NOUN fbem-29583 75 81 result result NOUN fbem-29583 75 82 of of ADP fbem-29583 75 83 column column NOUN fbem-29583 75 84 2 2 NUM fbem-29583 75 85 , , PUNCT fbem-29583 75 86 it it PRON fbem-29583 75 87 can can AUX fbem-29583 75 88 be be AUX fbem-29583 75 89 seen see VERB fbem-29583 75 90 that that SCONJ fbem-29583 75 91 after after ADP fbem-29583 75 92 adding add VERB fbem-29583 75 93 the the PRON fbem-29583 75 94 from from ADP fbem-29583 75 95 the the DET fbem-29583 75 96 regression regression NOUN fbem-29583 75 97 results result NOUN fbem-29583 75 98 in in ADP fbem-29583 75 99 column column NOUN fbem-29583 75 100 2 2 NUM fbem-29583 75 101 , , PUNCT fbem-29583 75 102 after after ADP fbem-29583 75 103 adding add VERB fbem-29583 75 104 control control NOUN fbem-29583 75 105 variables variable NOUN fbem-29583 75 106 , , PUNCT fbem-29583 75 107 the the DET fbem-29583 75 108 coefficient coefficient NOUN fbem-29583 75 109 between between ADP fbem-29583 75 110 the the DET fbem-29583 75 111 two two NUM fbem-29583 75 112 is be AUX fbem-29583 75 113 0.019 0.019 NUM fbem-29583 75 114 , , PUNCT fbem-29583 75 115 and and CCONJ fbem-29583 75 116 it it PRON fbem-29583 75 117 is be AUX fbem-29583 75 118 significant significant ADJ fbem-29583 75 119 at at ADP fbem-29583 75 120 the the DET fbem-29583 75 121 1 1 NUM fbem-29583 75 122 % % NOUN fbem-29583 75 123 level level NOUN fbem-29583 75 124 , , PUNCT fbem-29583 75 125 indicating indicate VERB fbem-29583 75 126 that that SCONJ fbem-29583 75 127 the the DET fbem-29583 75 128 esg esg PROPN fbem-29583 75 129 performance performance NOUN fbem-29583 75 130 of of ADP fbem-29583 75 131 manufacturing manufacturing NOUN fbem-29583 75 132 enterprises enterprise NOUN fbem-29583 75 133 plays play VERB fbem-29583 75 134 a a DET fbem-29583 75 135 positive positive ADJ fbem-29583 75 136 incentive incentive NOUN fbem-29583 75 137 role role NOUN fbem-29583 75 138 in in ADP fbem-29583 75 139 green green ADJ fbem-29583 75 140 innovation innovation NOUN fbem-29583 75 141 performance performance NOUN fbem-29583 75 142 , , PUNCT fbem-29583 75 143 the the DET fbem-29583 75 144 more more ADJ fbem-29583 75 145 enterprises enterprise NOUN fbem-29583 75 146 pay pay VERB fbem-29583 75 147 attention attention NOUN fbem-29583 75 148 to to ADP fbem-29583 75 149 esg esg NOUN fbem-29583 75 150 performance performance NOUN fbem-29583 75 151 , , PUNCT fbem-29583 75 152 the the PRON fbem-29583 75 153 better well ADJ fbem-29583 75 154 the the DET fbem-29583 75 155 esg esg PROPN fbem-29583 75 156 performance performance NOUN fbem-29583 75 157 is be AUX fbem-29583 75 158 , , PUNCT fbem-29583 75 159 the the PRON fbem-29583 75 160 more more ADJ fbem-29583 75 161 it it PRON fbem-29583 75 162 helps help VERB fbem-29583 75 163 to to PART fbem-29583 75 164 improve improve VERB fbem-29583 75 165 the the DET fbem-29583 75 166 green green ADJ fbem-29583 75 167 innovation innovation NOUN fbem-29583 75 168 performance performance NOUN fbem-29583 75 169 , , PUNCT fbem-29583 75 170 and and CCONJ fbem-29583 75 171 the the DET fbem-29583 75 172 hypothesis hypothesis NOUN fbem-29583 75 173 h1 h1 NOUN fbem-29583 75 174 is be AUX fbem-29583 75 175 verified verify VERB fbem-29583 75 176 . . PUNCT fbem-29583 76 1 3.2 3.2 NUM fbem-29583 76 2 . . PUNCT fbem-29583 77 1 esg esg NOUN fbem-29583 77 2 sub sub NOUN fbem-29583 77 3 performance performance NOUN fbem-29583 77 4 and and CCONJ fbem-29583 77 5 green green ADJ fbem-29583 77 6 innovation innovation NOUN fbem-29583 77 7 performance performance NOUN fbem-29583 77 8 the the DET fbem-29583 77 9 results result NOUN fbem-29583 77 10 for for ADP fbem-29583 77 11 hypothesis hypothesis NOUN fbem-29583 77 12 h2 h2 PROPN fbem-29583 77 13 - - PUNCT fbem-29583 77 14 h4 h4 PROPN fbem-29583 77 15 are be AUX fbem-29583 77 16 shown show VERB fbem-29583 77 17 in in ADP fbem-29583 77 18 table table NOUN fbem-29583 77 19 3 3 NUM fbem-29583 77 20 - - SYM fbem-29583 77 21 2 2 NUM fbem-29583 77 22 . . PUNCT fbem-29583 77 23 as as SCONJ fbem-29583 77 24 shown show VERB fbem-29583 77 25 in in ADP fbem-29583 77 26 the the DET fbem-29583 77 27 table table NOUN fbem-29583 77 28 below below ADV fbem-29583 77 29 , , PUNCT fbem-29583 77 30 the the DET fbem-29583 77 31 coefficient coefficient NOUN fbem-29583 77 32 between between ADP fbem-29583 77 33 the the DET fbem-29583 77 34 environmental environmental ADJ fbem-29583 77 35 performance performance NOUN fbem-29583 77 36 of of ADP fbem-29583 77 37 manufacturing manufacturing NOUN fbem-29583 77 38 enterprises enterprise NOUN fbem-29583 77 39 and and CCONJ fbem-29583 77 40 their their PRON fbem-29583 77 41 green green ADJ fbem-29583 77 42 innovation innovation NOUN fbem-29583 77 43 performance performance NOUN fbem-29583 77 44 is be AUX fbem-29583 77 45 0.020 0.020 NUM fbem-29583 77 46 , , PUNCT fbem-29583 77 47 which which PRON fbem-29583 77 48 is be AUX fbem-29583 77 49 significant significant ADJ fbem-29583 77 50 at at ADP fbem-29583 77 51 the the DET fbem-29583 77 52 1 1 NUM fbem-29583 77 53 % % NOUN fbem-29583 77 54 level level NOUN fbem-29583 77 55 . . PUNCT fbem-29583 78 1 this this PRON fbem-29583 78 2 indicates indicate VERB fbem-29583 78 3 that that SCONJ fbem-29583 78 4 for for ADP fbem-29583 78 5 every every DET fbem-29583 78 6 1 1 NUM fbem-29583 78 7 unit unit NOUN fbem-29583 78 8 improvement improvement NOUN fbem-29583 78 9 in in ADP fbem-29583 78 10 the the DET fbem-29583 78 11 environmental environmental ADJ fbem-29583 78 12 performance performance NOUN fbem-29583 78 13 of of ADP fbem-29583 78 14 manufacturing manufacturing NOUN fbem-29583 78 15 enterprises enterprise NOUN fbem-29583 78 16 , , PUNCT fbem-29583 78 17 their their PRON fbem-29583 78 18 green green ADJ fbem-29583 78 19 innovation innovation NOUN fbem-29583 78 20 performance performance NOUN fbem-29583 78 21 can can AUX fbem-29583 78 22 increase increase VERB fbem-29583 78 23 by by ADP fbem-29583 78 24 an an DET fbem-29583 78 25 average average NOUN fbem-29583 78 26 of of ADP fbem-29583 78 27 0.020 0.020 NUM fbem-29583 78 28 ; ; PUNCT fbem-29583 78 29 according accord VERB fbem-29583 78 30 to to ADP fbem-29583 78 31 the the DET fbem-29583 78 32 regression regression NOUN fbem-29583 78 33 results result NOUN fbem-29583 78 34 in in ADP fbem-29583 78 35 column column NOUN fbem-29583 78 36 2 2 NUM fbem-29583 78 37 , , PUNCT fbem-29583 78 38 after after ADP fbem-29583 78 39 adding add VERB fbem-29583 78 40 control control NOUN fbem-29583 78 41 variables variable NOUN fbem-29583 78 42 , , PUNCT fbem-29583 78 43 the the DET fbem-29583 78 44 coefficient coefficient NOUN fbem-29583 78 45 between between ADP fbem-29583 78 46 the the DET fbem-29583 78 47 two two NUM fbem-29583 78 48 is be AUX fbem-29583 78 49 0.012 0.012 NUM fbem-29583 78 50 , , PUNCT fbem-29583 78 51 which which PRON fbem-29583 78 52 is be AUX fbem-29583 78 53 significant significant ADJ fbem-29583 78 54 at at ADP fbem-29583 78 55 the the DET fbem-29583 78 56 5 5 NUM fbem-29583 78 57 % % NOUN fbem-29583 78 58 level level NOUN fbem-29583 78 59 , , PUNCT fbem-29583 78 60 indicating indicate VERB fbem-29583 78 61 that that SCONJ fbem-29583 78 62 the the DET fbem-29583 78 63 environmental environmental ADJ fbem-29583 78 64 performance performance NOUN fbem-29583 78 65 of of ADP fbem-29583 78 66 manufacturing manufacturing NOUN fbem-29583 78 67 enterprises enterprise NOUN fbem-29583 78 68 has have VERB fbem-29583 78 69 a a DET fbem-29583 78 70 positive positive ADJ fbem-29583 78 71 incentive incentive NOUN fbem-29583 78 72 effect effect NOUN fbem-29583 78 73 on on ADP fbem-29583 78 74 green green ADJ fbem-29583 78 75 innovation innovation NOUN fbem-29583 78 76 performance performance NOUN fbem-29583 78 77 . . PUNCT fbem-29583 79 1 the the DET fbem-29583 79 2 more more ADJ fbem-29583 79 3 companies company NOUN fbem-29583 79 4 focus focus VERB fbem-29583 79 5 on on ADP fbem-29583 79 6 environmental environmental ADJ fbem-29583 79 7 performance performance NOUN fbem-29583 79 8 , , PUNCT fbem-29583 79 9 the the PRON fbem-29583 79 10 better well ADJ fbem-29583 79 11 their their PRON fbem-29583 79 12 esg esg NOUN fbem-29583 79 13 performance performance NOUN fbem-29583 79 14 , , PUNCT fbem-29583 79 15 which which PRON fbem-29583 79 16 is be AUX fbem-29583 79 17 more more ADV fbem-29583 79 18 conducive conducive ADJ fbem-29583 79 19 to to ADP fbem-29583 79 20 improving improve VERB fbem-29583 79 21 green green ADJ fbem-29583 79 22 innovation innovation NOUN fbem-29583 79 23 performance performance NOUN fbem-29583 79 24 . . PUNCT fbem-29583 80 1 hypothesis hypothesis NOUN fbem-29583 80 2 h2 h2 PROPN fbem-29583 80 3 is be AUX fbem-29583 80 4 verified verify VERB fbem-29583 80 5 . . PUNCT fbem-29583 81 1 the the DET fbem-29583 81 2 social social ADJ fbem-29583 81 3 performance performance NOUN fbem-29583 81 4 of of ADP fbem-29583 81 5 manufacturing manufacturing NOUN fbem-29583 81 6 enterprises enterprise NOUN fbem-29583 81 7 is be AUX fbem-29583 81 8 0.032 0.032 NUM fbem-29583 81 9 without without ADP fbem-29583 81 10 control control NOUN fbem-29583 81 11 variables variable NOUN fbem-29583 81 12 and and CCONJ fbem-29583 81 13 0.022 0.022 NUM fbem-29583 81 14 with with ADP fbem-29583 81 15 control control NOUN fbem-29583 81 16 variables variable NOUN fbem-29583 81 17 , , PUNCT fbem-29583 81 18 both both PRON fbem-29583 81 19 significant significant ADJ fbem-29583 81 20 at at ADP fbem-29583 81 21 the the DET fbem-29583 81 22 1 1 NUM fbem-29583 81 23 % % NOUN fbem-29583 81 24 level level NOUN fbem-29583 81 25 , , PUNCT fbem-29583 81 26 indicating indicate VERB fbem-29583 81 27 that that SCONJ fbem-29583 81 28 the the DET fbem-29583 81 29 social social ADJ fbem-29583 81 30 performance performance NOUN fbem-29583 81 31 of of ADP fbem-29583 81 32 enterprises enterprise NOUN fbem-29583 81 33 will will AUX fbem-29583 81 34 significantly significantly ADV fbem-29583 81 35 affect affect VERB fbem-29583 81 36 green green ADJ fbem-29583 81 37 innovation innovation NOUN fbem-29583 81 38 performance performance NOUN fbem-29583 81 39 . . PUNCT fbem-29583 82 1 according accord VERB fbem-29583 82 2 to to ADP fbem-29583 82 3 column column NOUN fbem-29583 82 4 5 5 NUM fbem-29583 82 5 , , PUNCT fbem-29583 82 6 the the DET fbem-29583 82 7 coefficient coefficient NOUN fbem-29583 82 8 between between ADP fbem-29583 82 9 corporate corporate ADJ fbem-29583 82 10 governance governance NOUN fbem-29583 82 11 performance performance NOUN fbem-29583 82 12 and and CCONJ fbem-29583 82 13 green green ADJ fbem-29583 82 14 innovation innovation NOUN fbem-29583 82 15 performance performance NOUN fbem-29583 82 16 is be AUX fbem-29583 82 17 0.013 0.013 NUM fbem-29583 82 18 , , PUNCT fbem-29583 82 19 which which PRON fbem-29583 82 20 is be AUX fbem-29583 82 21 significant significant ADJ fbem-29583 82 22 at at ADP fbem-29583 82 23 the the DET fbem-29583 82 24 1 1 NUM fbem-29583 82 25 % % NOUN fbem-29583 82 26 level level NOUN fbem-29583 82 27 and and CCONJ fbem-29583 82 28 0.008 0.008 NUM fbem-29583 82 29 after after ADP fbem-29583 82 30 controlling control VERB fbem-29583 82 31 for for ADP fbem-29583 82 32 variables variable NOUN fbem-29583 82 33 , , PUNCT fbem-29583 82 34 indicating indicate VERB fbem-29583 82 35 a a DET fbem-29583 82 36 positive positive ADJ fbem-29583 82 37 correlation correlation NOUN fbem-29583 82 38 between between ADP fbem-29583 82 39 corporate corporate ADJ fbem-29583 82 40 governance governance NOUN fbem-29583 82 41 performance performance NOUN fbem-29583 82 42 and and CCONJ fbem-29583 82 43 green green ADJ fbem-29583 82 44 innovation innovation NOUN fbem-29583 82 45 performance performance NOUN fbem-29583 82 46 at at ADP fbem-29583 82 47 the the DET fbem-29583 82 48 10 10 NUM fbem-29583 82 49 % % NOUN fbem-29583 82 50 level level NOUN fbem-29583 82 51 . . PUNCT fbem-29583 83 1 assuming assume VERB fbem-29583 83 2 that that SCONJ fbem-29583 83 3 h2 h2 NOUN fbem-29583 83 4 - - PUNCT fbem-29583 83 5 h4 h4 PROPN fbem-29583 83 6 have have AUX fbem-29583 83 7 been be AUX fbem-29583 83 8 validated validate VERB fbem-29583 83 9 . . PUNCT fbem-29583 84 1 41 41 NUM fbem-29583 84 2 table table NOUN fbem-29583 84 3 3 3 NUM fbem-29583 84 4 - - SYM fbem-29583 84 5 2 2 NUM fbem-29583 84 6 . . PUNCT fbem-29583 84 7 results result NOUN fbem-29583 84 8 of of ADP fbem-29583 84 9 regression regression NOUN fbem-29583 84 10 analysis analysis NOUN fbem-29583 84 11 of of ADP fbem-29583 84 12 esg esg PROPN fbem-29583 84 13 sub sub NOUN fbem-29583 84 14 - - NOUN fbem-29583 84 15 performance performance NOUN fbem-29583 84 16 on on ADP fbem-29583 84 17 green green ADJ fbem-29583 84 18 innovation innovation NOUN fbem-29583 84 19 performance performance NOUN fbem-29583 84 20 of of ADP fbem-29583 84 21 manufacturing manufacturing NOUN fbem-29583 84 22 enterprises enterprise NOUN fbem-29583 84 23 ( ( PUNCT fbem-29583 84 24 1 1 NUM fbem-29583 84 25 ) ) PUNCT fbem-29583 84 26 ( ( PUNCT fbem-29583 84 27 2 2 NUM fbem-29583 84 28 ) ) PUNCT fbem-29583 84 29 ( ( PUNCT fbem-29583 84 30 3 3 X fbem-29583 84 31 ) ) PUNCT fbem-29583 84 32 ( ( PUNCT fbem-29583 84 33 4 4 NUM fbem-29583 84 34 ) ) PUNCT fbem-29583 84 35 ( ( PUNCT fbem-29583 84 36 5 5 NUM fbem-29583 84 37 ) ) PUNCT fbem-29583 84 38 ( ( PUNCT fbem-29583 84 39 6 6 X fbem-29583 84 40 ) ) PUNCT fbem-29583 84 41 variant variant NOUN fbem-29583 85 1 gi gi NOUN fbem-29583 85 2 gi gi INTJ fbem-29583 86 1 gi gi INTJ fbem-29583 86 2 gi gi INTJ fbem-29583 87 1 gi gi INTJ fbem-29583 87 2 gi gi VERB fbem-29583 88 1 e e NOUN fbem-29583 88 2 0.020 0.020 NUM fbem-29583 88 3 * * PUNCT fbem-29583 88 4 * * PUNCT fbem-29583 88 5 * * PUNCT fbem-29583 88 6 0.012 0.012 NUM fbem-29583 88 7 * * NOUN fbem-29583 88 8 * * PUNCT fbem-29583 88 9 ( ( PUNCT fbem-29583 88 10 3.450 3.450 NUM fbem-29583 88 11 ) ) PUNCT fbem-29583 88 12 ( ( PUNCT fbem-29583 88 13 2.012 2.012 NUM fbem-29583 88 14 ) ) PUNCT fbem-29583 88 15 s s PART fbem-29583 88 16 0.032 0.032 NUM fbem-29583 88 17 * * PUNCT fbem-29583 88 18 * * PUNCT fbem-29583 88 19 * * PUNCT fbem-29583 88 20 0.022 0.022 NUM fbem-29583 88 21 * * PUNCT fbem-29583 88 22 * * PUNCT fbem-29583 88 23 * * PUNCT fbem-29583 88 24 ( ( PUNCT fbem-29583 88 25 5.444 5.444 NUM fbem-29583 88 26 ) ) PUNCT fbem-29583 88 27 ( ( PUNCT fbem-29583 88 28 3.760 3.760 NUM fbem-29583 88 29 ) ) PUNCT fbem-29583 88 30 g g ADP fbem-29583 88 31 0.013 0.013 NUM fbem-29583 88 32 * * NOUN fbem-29583 88 33 * * PUNCT fbem-29583 88 34 * * PUNCT fbem-29583 89 1 0.008 0.008 NUM fbem-29583 89 2 * * PUNCT fbem-29583 89 3 ( ( PUNCT fbem-29583 89 4 2.853 2.853 NUM fbem-29583 89 5 ) ) PUNCT fbem-29583 89 6 ( ( PUNCT fbem-29583 89 7 1.769 1.769 NUM fbem-29583 89 8 ) ) PUNCT fbem-29583 89 9 size size NOUN fbem-29583 89 10 0.314 0.314 NOUN fbem-29583 89 11 * * PUNCT fbem-29583 89 12 * * PUNCT fbem-29583 89 13 * * PUNCT fbem-29583 89 14 0.312 0.312 NUM fbem-29583 89 15 * * PUNCT fbem-29583 89 16 * * PUNCT fbem-29583 89 17 * * PUNCT fbem-29583 89 18 0.315 0.315 PRON fbem-29583 89 19 * * PUNCT fbem-29583 89 20 * * PUNCT fbem-29583 89 21 * * PUNCT fbem-29583 89 22 ( ( PUNCT fbem-29583 89 23 16.923 16.923 NUM fbem-29583 89 24 ) ) PUNCT fbem-29583 89 25 ( ( PUNCT fbem-29583 89 26 16.783 16.783 NUM fbem-29583 89 27 ) ) PUNCT fbem-29583 89 28 ( ( PUNCT fbem-29583 89 29 16.972 16.972 NUM fbem-29583 89 30 ) ) PUNCT fbem-29583 89 31 lev lev NOUN fbem-29583 89 32 -0.098 -0.098 PROPN fbem-29583 89 33 * * PUNCT fbem-29583 89 34 -0.086 -0.086 PUNCT fbem-29583 89 35 -0.086 -0.086 PUNCT fbem-29583 89 36 ( ( PUNCT fbem-29583 89 37 -1.714 -1.714 ADV fbem-29583 89 38 ) ) PUNCT fbem-29583 89 39 ( ( PUNCT fbem-29583 89 40 -1.499 -1.499 NUM fbem-29583 89 41 ) ) PUNCT fbem-29583 89 42 ( ( PUNCT fbem-29583 89 43 -1.491 -1.491 NOUN fbem-29583 89 44 ) ) PUNCT fbem-29583 89 45 growth growth NOUN fbem-29583 89 46 -0.034 -0.034 NOUN fbem-29583 89 47 * * PUNCT fbem-29583 89 48 * * PUNCT fbem-29583 90 1 -0.034 -0.034 ADJ fbem-29583 90 2 * * PUNCT fbem-29583 90 3 * * PUNCT fbem-29583 91 1 -0.035 -0.035 PUNCT fbem-29583 91 2 * * PUNCT fbem-29583 91 3 * * PUNCT fbem-29583 91 4 ( ( PUNCT fbem-29583 91 5 -2.068 -2.068 NUM fbem-29583 91 6 ) ) PUNCT fbem-29583 91 7 ( ( PUNCT fbem-29583 91 8 -2.053 -2.053 NUM fbem-29583 91 9 ) ) PUNCT fbem-29583 91 10 ( ( PUNCT fbem-29583 91 11 -2.105 -2.105 PROPN fbem-29583 91 12 ) ) PUNCT fbem-29583 91 13 roe roe NOUN fbem-29583 91 14 -0.020 -0.020 PROPN fbem-29583 91 15 -0.031 -0.031 NOUN fbem-29583 91 16 -0.026 -0.026 PUNCT fbem-29583 91 17 ( ( PUNCT fbem-29583 91 18 -0.356 -0.356 NOUN fbem-29583 91 19 ) ) PUNCT fbem-29583 91 20 ( ( PUNCT fbem-29583 91 21 -0.555 -0.555 NOUN fbem-29583 91 22 ) ) PUNCT fbem-29583 91 23 ( ( PUNCT fbem-29583 91 24 -0.462 -0.462 NOUN fbem-29583 91 25 ) ) PUNCT fbem-29583 91 26 tobinq tobinq NOUN fbem-29583 91 27 0.024 0.024 NUM fbem-29583 91 28 * * NOUN fbem-29583 91 29 * * PUNCT fbem-29583 91 30 * * PUNCT fbem-29583 91 31 0.024 0.024 NUM fbem-29583 91 32 * * PUNCT fbem-29583 91 33 * * PUNCT fbem-29583 91 34 * * PUNCT fbem-29583 91 35 0.024 0.024 NUM fbem-29583 91 36 * * PUNCT fbem-29583 91 37 * * PUNCT fbem-29583 91 38 * * PUNCT fbem-29583 91 39 ( ( PUNCT fbem-29583 91 40 4.440 4.440 NUM fbem-29583 91 41 ) ) PUNCT fbem-29583 91 42 ( ( PUNCT fbem-29583 91 43 4.440 4.440 NUM fbem-29583 91 44 ) ) PUNCT fbem-29583 91 45 ( ( PUNCT fbem-29583 91 46 4.430 4.430 NUM fbem-29583 91 47 ) ) PUNCT fbem-29583 91 48 cashflow cashflow VERB fbem-29583 91 49 0.074 0.074 NUM fbem-29583 91 50 0.078 0.078 NUM fbem-29583 91 51 0.077 0.077 NUM fbem-29583 91 52 ( ( PUNCT fbem-29583 91 53 0.844 0.844 NUM fbem-29583 91 54 ) ) PUNCT fbem-29583 91 55 ( ( PUNCT fbem-29583 91 56 0.899 0.899 NUM fbem-29583 91 57 ) ) PUNCT fbem-29583 91 58 ( ( PUNCT fbem-29583 91 59 0.877 0.877 NUM fbem-29583 91 60 ) ) PUNCT fbem-29583 91 61 top10 top10 NOUN fbem-29583 91 62 0.190 0.190 NUM fbem-29583 91 63 * * NOUN fbem-29583 91 64 * * NOUN fbem-29583 91 65 0.183 0.183 NUM fbem-29583 91 66 * * PUNCT fbem-29583 91 67 * * PUNCT fbem-29583 91 68 0.187 0.187 NUM fbem-29583 91 69 * * PUNCT fbem-29583 92 1 * * PUNCT fbem-29583 93 1 ( ( PUNCT fbem-29583 93 2 2.178 2.178 NUM fbem-29583 93 3 ) ) PUNCT fbem-29583 93 4 ( ( PUNCT fbem-29583 93 5 2.098 2.098 NUM fbem-29583 93 6 ) ) PUNCT fbem-29583 93 7 ( ( PUNCT fbem-29583 93 8 2.140 2.140 NUM fbem-29583 93 9 ) ) PUNCT fbem-29583 93 10 firmage firmage NOUN fbem-29583 93 11 -0.304 -0.304 NOUN fbem-29583 93 12 * * NOUN fbem-29583 93 13 * * PUNCT fbem-29583 93 14 -0.285 -0.285 PUNCT fbem-29583 93 15 * * PUNCT fbem-29583 93 16 * * PUNCT fbem-29583 93 17 -0.296 -0.296 PUNCT fbem-29583 93 18 * * PUNCT fbem-29583 93 19 * * PUNCT fbem-29583 93 20 ( ( PUNCT fbem-29583 93 21 -2.129 -2.129 NUM fbem-29583 93 22 ) ) PUNCT fbem-29583 93 23 ( ( PUNCT fbem-29583 93 24 -2.002 -2.002 NOUN fbem-29583 93 25 ) ) PUNCT fbem-29583 93 26 ( ( PUNCT fbem-29583 93 27 -2.072 -2.072 X fbem-29583 93 28 ) ) PUNCT fbem-29583 93 29 symbol symbol NOUN fbem-29583 94 1 yes yes INTJ fbem-29583 95 1 yes yes INTJ fbem-29583 96 1 yes yes INTJ fbem-29583 97 1 yes yes INTJ fbem-29583 98 1 yes yes INTJ fbem-29583 99 1 yes yes INTJ fbem-29583 99 2 year year NOUN fbem-29583 100 1 yes yes INTJ fbem-29583 101 1 yes yes INTJ fbem-29583 102 1 yes yes INTJ fbem-29583 103 1 yes yes INTJ fbem-29583 104 1 yes yes INTJ fbem-29583 105 1 yes yes INTJ fbem-29583 105 2 n n PRON fbem-29583 105 3 17935 17935 NUM fbem-29583 105 4 17935 17935 NUM fbem-29583 105 5 17935 17935 NUM fbem-29583 105 6 17935 17935 NUM fbem-29583 105 7 17935 17935 NUM fbem-29583 105 8 17935 17935 NUM fbem-29583 106 1 adj adj PROPN fbem-29583 106 2 . . PUNCT fbem-29583 106 3 r2 r2 PROPN fbem-29583 106 4 0.690 0.690 NUM fbem-29583 106 5 0.700 0.700 NUM fbem-29583 106 6 0.691 0.691 NUM fbem-29583 106 7 0.700 0.700 NUM fbem-29583 106 8 0.690 0.690 NUM fbem-29583 106 9 0.700 0.700 NUM fbem-29583 106 10 note note NOUN fbem-29583 106 11 : : PUNCT fbem-29583 106 12 the the DET fbem-29583 106 13 values value NOUN fbem-29583 106 14 in in ADP fbem-29583 106 15 parentheses parenthesis NOUN fbem-29583 106 16 are be AUX fbem-29583 106 17 t t NOUN fbem-29583 106 18 - - PUNCT fbem-29583 106 19 values value NOUN fbem-29583 106 20 , , PUNCT fbem-29583 106 21 * * PUNCT fbem-29583 106 22 , , PUNCT fbem-29583 106 23 * * PUNCT fbem-29583 106 24 * * PUNCT fbem-29583 106 25 , , PUNCT fbem-29583 106 26 and and CCONJ fbem-29583 106 27 * * PUNCT fbem-29583 106 28 * * PUNCT fbem-29583 106 29 * * PUNCT fbem-29583 106 30 respectively respectively ADV fbem-29583 106 31 indicating indicate VERB fbem-29583 106 32 significant significant ADJ fbem-29583 106 33 values value NOUN fbem-29583 106 34 at at ADP fbem-29583 106 35 the the DET fbem-29583 106 36 10 10 NUM fbem-29583 106 37 % % NOUN fbem-29583 106 38 , , PUNCT fbem-29583 106 39 5 5 NUM fbem-29583 106 40 % % NOUN fbem-29583 106 41 , , PUNCT fbem-29583 106 42 and and CCONJ fbem-29583 106 43 1 1 NUM fbem-29583 106 44 % % NOUN fbem-29583 106 45 levels level NOUN fbem-29583 106 46 . . PUNCT fbem-29583 107 1 4 4 X fbem-29583 107 2 . . X fbem-29583 107 3 research research NOUN fbem-29583 107 4 recommendations recommendation NOUN fbem-29583 107 5 4.1 4.1 NUM fbem-29583 107 6 . . PUNCT fbem-29583 108 1 clarify clarify VERB fbem-29583 108 2 the the DET fbem-29583 108 3 new new ADJ fbem-29583 108 4 demands demand NOUN fbem-29583 108 5 for for ADP fbem-29583 108 6 fulfilling fulfil VERB fbem-29583 108 7 esg esg NOUN fbem-29583 108 8 responsibilities responsibility NOUN fbem-29583 108 9 in in ADP fbem-29583 108 10 the the DET fbem-29583 108 11 new new ADJ fbem-29583 108 12 era era NOUN fbem-29583 108 13 , , PUNCT fbem-29583 108 14 and and CCONJ fbem-29583 108 15 innovate innovate VERB fbem-29583 108 16 the the DET fbem-29583 108 17 paths path NOUN fbem-29583 108 18 and and CCONJ fbem-29583 108 19 methods method NOUN fbem-29583 108 20 for for ADP fbem-29583 108 21 fulfilling fulfil VERB fbem-29583 108 22 the the DET fbem-29583 108 23 responsibilities responsibility NOUN fbem-29583 108 24 of of ADP fbem-29583 108 25 the the DET fbem-29583 108 26 three three NUM fbem-29583 108 27 parties party NOUN fbem-29583 108 28 at at ADP fbem-29583 108 29 present present ADJ fbem-29583 108 30 , , PUNCT fbem-29583 108 31 the the DET fbem-29583 108 32 world world NOUN fbem-29583 108 33 is be AUX fbem-29583 108 34 paying pay VERB fbem-29583 108 35 more more ADJ fbem-29583 108 36 and and CCONJ fbem-29583 108 37 more more ADJ fbem-29583 108 38 attention attention NOUN fbem-29583 108 39 to to ADP fbem-29583 108 40 sustainable sustainable ADJ fbem-29583 108 41 development development NOUN fbem-29583 108 42 and and CCONJ fbem-29583 108 43 environmental environmental ADJ fbem-29583 108 44 protection protection NOUN fbem-29583 108 45 , , PUNCT fbem-29583 108 46 and and CCONJ fbem-29583 108 47 the the DET fbem-29583 108 48 esg esg PROPN fbem-29583 108 49 concept concept NOUN fbem-29583 108 50 has have AUX fbem-29583 108 51 become become VERB fbem-29583 108 52 an an DET fbem-29583 108 53 international international ADJ fbem-29583 108 54 consensus consensus NOUN fbem-29583 108 55 , , PUNCT fbem-29583 108 56 and and CCONJ fbem-29583 108 57 actively actively ADV fbem-29583 108 58 improving improve VERB fbem-29583 108 59 esg esg NOUN fbem-29583 108 60 performance performance NOUN fbem-29583 108 61 is be AUX fbem-29583 108 62 a a DET fbem-29583 108 63 necessary necessary ADJ fbem-29583 108 64 way way NOUN fbem-29583 108 65 for for SCONJ fbem-29583 108 66 enterprises enterprise NOUN fbem-29583 108 67 to to PART fbem-29583 108 68 develop develop VERB fbem-29583 108 69 soundly soundly ADV fbem-29583 108 70 and and CCONJ fbem-29583 108 71 improve improve VERB fbem-29583 108 72 green green ADJ fbem-29583 108 73 innovation innovation NOUN fbem-29583 108 74 performance performance NOUN fbem-29583 108 75 . . PUNCT fbem-29583 109 1 the the DET fbem-29583 109 2 results result NOUN fbem-29583 109 3 of of ADP fbem-29583 109 4 empirical empirical ADJ fbem-29583 109 5 analysis analysis NOUN fbem-29583 109 6 show show VERB fbem-29583 109 7 that that SCONJ fbem-29583 109 8 the the DET fbem-29583 109 9 overall overall ADJ fbem-29583 109 10 esg esg NOUN fbem-29583 109 11 performance performance NOUN fbem-29583 109 12 of of ADP fbem-29583 109 13 china china PROPN fbem-29583 109 14 's 's PART fbem-29583 109 15 manufacturing manufacturing NOUN fbem-29583 109 16 enterprises enterprise NOUN fbem-29583 109 17 still still ADV fbem-29583 109 18 needs need VERB fbem-29583 109 19 to to PART fbem-29583 109 20 be be AUX fbem-29583 109 21 improved improve VERB fbem-29583 109 22 , , PUNCT fbem-29583 109 23 and and CCONJ fbem-29583 109 24 the the DET fbem-29583 109 25 esg esg NOUN fbem-29583 109 26 awareness awareness NOUN fbem-29583 109 27 of of ADP fbem-29583 109 28 many many ADJ fbem-29583 109 29 enterprises enterprise NOUN fbem-29583 109 30 is be AUX fbem-29583 109 31 relatively relatively ADV fbem-29583 109 32 weak weak ADJ fbem-29583 109 33 . . PUNCT fbem-29583 110 1 based base VERB fbem-29583 110 2 on on ADP fbem-29583 110 3 the the DET fbem-29583 110 4 new new ADJ fbem-29583 110 5 development development NOUN fbem-29583 110 6 stage stage NOUN fbem-29583 110 7 , , PUNCT fbem-29583 110 8 manufacturing manufacturing NOUN fbem-29583 110 9 enterprises enterprise NOUN fbem-29583 110 10 , , PUNCT fbem-29583 110 11 as as ADP fbem-29583 110 12 the the DET fbem-29583 110 13 main main ADJ fbem-29583 110 14 body body NOUN fbem-29583 110 15 of of ADP fbem-29583 110 16 social social ADJ fbem-29583 110 17 wealth wealth NOUN fbem-29583 110 18 creation creation NOUN fbem-29583 110 19 , , PUNCT fbem-29583 110 20 should should AUX fbem-29583 110 21 actively actively ADV fbem-29583 110 22 take take VERB fbem-29583 110 23 the the DET fbem-29583 110 24 lead lead NOUN fbem-29583 110 25 in in ADP fbem-29583 110 26 telling tell VERB fbem-29583 110 27 the the DET fbem-29583 110 28 story story NOUN fbem-29583 110 29 of of ADP fbem-29583 110 30 chinese chinese ADJ fbem-29583 110 31 enterprises enterprise NOUN fbem-29583 110 32 ' ' PART fbem-29583 110 33 fulfillment fulfillment NOUN fbem-29583 110 34 of of ADP fbem-29583 110 35 their their PRON fbem-29583 110 36 esg esg NOUN fbem-29583 110 37 responsibilities responsibility NOUN fbem-29583 110 38 in in ADP fbem-29583 110 39 the the DET fbem-29583 110 40 process process NOUN fbem-29583 110 41 of of ADP fbem-29583 110 42 moving move VERB fbem-29583 110 43 towards towards ADP fbem-29583 110 44 common common ADJ fbem-29583 110 45 wealth wealth NOUN fbem-29583 110 46 . . PUNCT fbem-29583 111 1 firstly firstly ADV fbem-29583 111 2 , , PUNCT fbem-29583 111 3 manufacturing manufacturing NOUN fbem-29583 111 4 enterprises enterprise NOUN fbem-29583 111 5 should should AUX fbem-29583 111 6 deeply deeply ADV fbem-29583 111 7 integrate integrate VERB fbem-29583 111 8 resources resource NOUN fbem-29583 111 9 , , PUNCT fbem-29583 111 10 knowledge knowledge NOUN fbem-29583 111 11 , , PUNCT fbem-29583 111 12 technology technology NOUN fbem-29583 111 13 and and CCONJ fbem-29583 111 14 esg esg NOUN fbem-29583 111 15 principles principle NOUN fbem-29583 111 16 , , PUNCT fbem-29583 111 17 embed embe VERB fbem-29583 111 18 esg esg PROPN fbem-29583 111 19 concepts concept NOUN fbem-29583 111 20 into into ADP fbem-29583 111 21 daily daily ADJ fbem-29583 111 22 strategic strategic ADJ fbem-29583 111 23 management management NOUN fbem-29583 111 24 , , PUNCT fbem-29583 111 25 cultivate cultivate VERB fbem-29583 111 26 an an DET fbem-29583 111 27 internal internal ADJ fbem-29583 111 28 esg esg NOUN fbem-29583 111 29 culture culture NOUN fbem-29583 111 30 , , PUNCT fbem-29583 111 31 enhance enhance VERB fbem-29583 111 32 employees employee NOUN fbem-29583 111 33 ' ' PART fbem-29583 111 34 esg esg NOUN fbem-29583 111 35 awareness awareness NOUN fbem-29583 111 36 and and CCONJ fbem-29583 111 37 sense sense NOUN fbem-29583 111 38 of of ADP fbem-29583 111 39 responsibility responsibility NOUN fbem-29583 111 40 , , PUNCT fbem-29583 111 41 and and CCONJ fbem-29583 111 42 create create VERB fbem-29583 111 43 a a DET fbem-29583 111 44 positive positive ADJ fbem-29583 111 45 environment environment NOUN fbem-29583 111 46 for for ADP fbem-29583 111 47 social social ADJ fbem-29583 111 48 responsibility responsibility NOUN fbem-29583 111 49 and and CCONJ fbem-29583 111 50 corporate corporate ADJ fbem-29583 111 51 governance governance NOUN fbem-29583 111 52 ; ; PUNCT fbem-29583 111 53 secondly secondly ADV fbem-29583 111 54 , , PUNCT fbem-29583 111 55 enterprises enterprise NOUN fbem-29583 111 56 should should AUX fbem-29583 111 57 take take VERB fbem-29583 111 58 the the DET fbem-29583 111 59 initiative initiative NOUN fbem-29583 111 60 to to PART fbem-29583 111 61 communicate communicate VERB fbem-29583 111 62 effectively effectively ADV fbem-29583 111 63 with with ADP fbem-29583 111 64 stakeholders stakeholder NOUN fbem-29583 111 65 , , PUNCT fbem-29583 111 66 take take VERB fbem-29583 111 67 into into ADP fbem-29583 111 68 account account NOUN fbem-29583 111 69 the the DET fbem-29583 111 70 interests interest NOUN fbem-29583 111 71 of of ADP fbem-29583 111 72 all all DET fbem-29583 111 73 parties party NOUN fbem-29583 111 74 , , PUNCT fbem-29583 111 75 strive strive VERB fbem-29583 111 76 for for ADP fbem-29583 111 77 understanding understanding NOUN fbem-29583 111 78 and and CCONJ fbem-29583 111 79 support support NOUN fbem-29583 111 80 , , PUNCT fbem-29583 111 81 and and CCONJ fbem-29583 111 82 build build VERB fbem-29583 111 83 a a DET fbem-29583 111 84 communication communication NOUN fbem-29583 111 85 mechanism mechanism NOUN fbem-29583 111 86 and and CCONJ fbem-29583 111 87 cooperation cooperation NOUN fbem-29583 111 88 mechanism mechanism NOUN fbem-29583 111 89 based base VERB fbem-29583 111 90 on on ADP fbem-29583 111 91 win win NOUN fbem-29583 111 92 - - PUNCT fbem-29583 111 93 win win NOUN fbem-29583 111 94 cooperation cooperation NOUN fbem-29583 111 95 . . PUNCT fbem-29583 112 1 thirdly thirdly ADV fbem-29583 112 2 , , PUNCT fbem-29583 112 3 in in ADP fbem-29583 112 4 the the DET fbem-29583 112 5 context context NOUN fbem-29583 112 6 of of ADP fbem-29583 112 7 the the DET fbem-29583 112 8 manufacturing manufacturing NOUN fbem-29583 112 9 industry industry NOUN fbem-29583 112 10 entering enter VERB fbem-29583 112 11 into into ADP fbem-29583 112 12 the the DET fbem-29583 112 13 era era NOUN fbem-29583 112 14 of of ADP fbem-29583 112 15 micro micro NOUN fbem-29583 112 16 - - NOUN fbem-29583 112 17 profit profit NOUN fbem-29583 112 18 , , PUNCT fbem-29583 112 19 the the DET fbem-29583 112 20 competition competition NOUN fbem-29583 112 21 among among ADP fbem-29583 112 22 enterprises enterprise NOUN fbem-29583 112 23 is be AUX fbem-29583 112 24 not not PART fbem-29583 112 25 only only ADV fbem-29583 112 26 limited limit VERB fbem-29583 112 27 to to ADP fbem-29583 112 28 products product NOUN fbem-29583 112 29 , , PUNCT fbem-29583 112 30 technologies technology NOUN fbem-29583 112 31 and and CCONJ fbem-29583 112 32 talents talent NOUN fbem-29583 112 33 , , PUNCT fbem-29583 112 34 but but CCONJ fbem-29583 112 35 also also ADV fbem-29583 112 36 involves involve VERB fbem-29583 112 37 the the DET fbem-29583 112 38 level level NOUN fbem-29583 112 39 of of ADP fbem-29583 112 40 reputation reputation NOUN fbem-29583 112 41 . . PUNCT fbem-29583 113 1 manufacturing manufacturing NOUN fbem-29583 113 2 enterprises enterprise NOUN fbem-29583 113 3 need need VERB fbem-29583 113 4 to to PART fbem-29583 113 5 deeply deeply ADV fbem-29583 113 6 recognize recognize VERB fbem-29583 113 7 the the DET fbem-29583 113 8 positive positive ADJ fbem-29583 113 9 correlation correlation NOUN fbem-29583 113 10 between between ADP fbem-29583 113 11 esg esg NOUN fbem-29583 113 12 responsibility responsibility NOUN fbem-29583 113 13 and and CCONJ fbem-29583 113 14 business business NOUN fbem-29583 113 15 value value NOUN fbem-29583 113 16 , , PUNCT fbem-29583 113 17 enhance enhance VERB fbem-29583 113 18 corporate corporate ADJ fbem-29583 113 19 image image NOUN fbem-29583 113 20 and and CCONJ fbem-29583 113 21 reputation reputation NOUN fbem-29583 113 22 by by ADP fbem-29583 113 23 actively actively ADV fbem-29583 113 24 fulfilling fulfil VERB fbem-29583 113 25 esg esg NOUN fbem-29583 113 26 responsibility responsibility NOUN fbem-29583 113 27 , , PUNCT fbem-29583 113 28 shape shape VERB fbem-29583 113 29 high high ADJ fbem-29583 113 30 - - PUNCT fbem-29583 113 31 quality quality NOUN fbem-29583 113 32 brands brand NOUN fbem-29583 113 33 and and CCONJ fbem-29583 113 34 brand brand NOUN fbem-29583 113 35 value value NOUN fbem-29583 113 36 , , PUNCT fbem-29583 113 37 and and CCONJ fbem-29583 113 38 build build VERB fbem-29583 113 39 a a DET fbem-29583 113 40 new new ADJ fbem-29583 113 41 ecosystem ecosystem NOUN fbem-29583 113 42 of of ADP fbem-29583 113 43 enterprise enterprise NOUN fbem-29583 113 44 development development NOUN fbem-29583 113 45 in in ADP fbem-29583 113 46 new new ADJ fbem-29583 113 47 goals goal NOUN fbem-29583 113 48 , , PUNCT fbem-29583 113 49 new new ADJ fbem-29583 113 50 starting starting NOUN fbem-29583 113 51 points point NOUN fbem-29583 113 52 and and CCONJ fbem-29583 113 53 new new ADJ fbem-29583 113 54 environments environment NOUN fbem-29583 113 55 ; ; PUNCT fbem-29583 113 56 finally finally ADV fbem-29583 113 57 , , PUNCT fbem-29583 113 58 manufacturing manufacturing NOUN fbem-29583 113 59 enterprises enterprise NOUN fbem-29583 113 60 should should AUX fbem-29583 113 61 be be AUX fbem-29583 113 62 committed commit VERB fbem-29583 113 63 to to ADP fbem-29583 113 64 improving improve VERB fbem-29583 113 65 resource resource NOUN fbem-29583 113 66 efficiency efficiency NOUN fbem-29583 113 67 and and CCONJ fbem-29583 113 68 economic economic ADJ fbem-29583 113 69 performance performance NOUN fbem-29583 113 70 , , PUNCT fbem-29583 113 71 adopting adopt VERB fbem-29583 113 72 environmental environmental ADJ fbem-29583 113 73 protection protection NOUN fbem-29583 113 74 measures measure NOUN fbem-29583 113 75 such such ADJ fbem-29583 113 76 as as ADP fbem-29583 113 77 energy energy NOUN fbem-29583 113 78 saving saving NOUN fbem-29583 113 79 , , PUNCT fbem-29583 113 80 emission emission NOUN fbem-29583 113 81 reduction reduction NOUN fbem-29583 113 82 and and CCONJ fbem-29583 113 83 recycling recycling NOUN fbem-29583 113 84 , , PUNCT fbem-29583 113 85 reducing reduce VERB fbem-29583 113 86 production production NOUN fbem-29583 113 87 costs cost NOUN fbem-29583 113 88 , , PUNCT fbem-29583 113 89 improving improve VERB fbem-29583 113 90 resource resource NOUN fbem-29583 113 91 efficiency efficiency NOUN fbem-29583 113 92 and and CCONJ fbem-29583 113 93 product product NOUN fbem-29583 113 94 quality quality NOUN fbem-29583 113 95 , , PUNCT fbem-29583 113 96 enhancing enhance VERB fbem-29583 113 97 market market NOUN fbem-29583 113 98 competitiveness competitiveness NOUN fbem-29583 113 99 , , PUNCT fbem-29583 113 100 and and CCONJ fbem-29583 113 101 realizing realize VERB fbem-29583 113 102 better well ADJ fbem-29583 113 103 economic economic ADJ fbem-29583 113 104 benefits benefit NOUN fbem-29583 113 105 . . PUNCT fbem-29583 114 1 4.2 4.2 NUM fbem-29583 114 2 . . PUNCT fbem-29583 115 1 promoting promote VERB fbem-29583 115 2 investment investment NOUN fbem-29583 115 3 in in ADP fbem-29583 115 4 r&d r&d NOUN fbem-29583 115 5 and and CCONJ fbem-29583 115 6 enhancing enhance VERB fbem-29583 115 7 r&d r&d NOUN fbem-29583 115 8 capabilities capability NOUN fbem-29583 115 9 r&d r&d NOUN fbem-29583 115 10 investment investment NOUN fbem-29583 115 11 is be AUX fbem-29583 115 12 a a DET fbem-29583 115 13 key key ADJ fbem-29583 115 14 factor factor NOUN fbem-29583 115 15 driving drive VERB fbem-29583 115 16 green green ADJ fbem-29583 115 17 innovation innovation NOUN fbem-29583 115 18 . . PUNCT fbem-29583 116 1 manufacturing manufacturing NOUN fbem-29583 116 2 enterprises enterprise NOUN fbem-29583 116 3 need need VERB fbem-29583 116 4 to to PART fbem-29583 116 5 increase increase VERB fbem-29583 116 6 their their PRON fbem-29583 116 7 r&d r&d NOUN fbem-29583 116 8 investment investment NOUN fbem-29583 116 9 , , PUNCT fbem-29583 116 10 develop develop VERB fbem-29583 116 11 more more ADV fbem-29583 116 12 environmentally environmentally ADV fbem-29583 116 13 friendly friendly ADJ fbem-29583 116 14 and and CCONJ fbem-29583 116 15 efficient efficient ADJ fbem-29583 116 16 production production NOUN fbem-29583 116 17 processes process NOUN fbem-29583 116 18 and and CCONJ fbem-29583 116 19 products product NOUN fbem-29583 116 20 , , PUNCT fbem-29583 116 21 adopt adopt VERB fbem-29583 116 22 clean clean ADJ fbem-29583 116 23 production production NOUN fbem-29583 116 24 technology technology NOUN fbem-29583 116 25 and and CCONJ fbem-29583 116 26 circular circular ADJ fbem-29583 116 27 economy economy NOUN fbem-29583 116 28 models model NOUN fbem-29583 116 29 , , PUNCT fbem-29583 116 30 effectively effectively ADV fbem-29583 116 31 improve improve VERB fbem-29583 116 32 their their PRON fbem-29583 116 33 green green ADJ fbem-29583 116 34 innovation innovation NOUN fbem-29583 116 35 performance performance NOUN fbem-29583 116 36 , , PUNCT fbem-29583 116 37 avoid avoid VERB fbem-29583 116 38 false false ADJ fbem-29583 116 39 innovation innovation NOUN fbem-29583 116 40 behaviors behavior NOUN fbem-29583 116 41 such such ADJ fbem-29583 116 42 as as ADP fbem-29583 116 43 " " PUNCT fbem-29583 116 44 greenwashing greenwashing NOUN fbem-29583 116 45 " " PUNCT fbem-29583 116 46 , , PUNCT fbem-29583 116 47 ensure ensure VERB fbem-29583 116 48 the the DET fbem-29583 116 49 necessary necessary ADJ fbem-29583 116 50 capital capital NOUN fbem-29583 116 51 investment investment NOUN fbem-29583 116 52 for for ADP fbem-29583 116 53 enterprises enterprise NOUN fbem-29583 116 54 to to ADP fbem-29583 116 55 42 42 NUM fbem-29583 116 56 improve improve VERB fbem-29583 116 57 the the DET fbem-29583 116 58 quality quality NOUN fbem-29583 116 59 of of ADP fbem-29583 116 60 green green ADJ fbem-29583 116 61 innovation innovation NOUN fbem-29583 116 62 , , PUNCT fbem-29583 116 63 promote promote VERB fbem-29583 116 64 the the DET fbem-29583 116 65 green green ADJ fbem-29583 116 66 and and CCONJ fbem-29583 116 67 low low ADJ fbem-29583 116 68 - - PUNCT fbem-29583 116 69 carbon carbon NOUN fbem-29583 116 70 development development NOUN fbem-29583 116 71 of of ADP fbem-29583 116 72 enterprises enterprise NOUN fbem-29583 116 73 , , PUNCT fbem-29583 116 74 and and CCONJ fbem-29583 116 75 open open VERB fbem-29583 116 76 up up ADP fbem-29583 116 77 new new ADJ fbem-29583 116 78 market market NOUN fbem-29583 116 79 opportunities opportunity NOUN fbem-29583 116 80 and and CCONJ fbem-29583 116 81 competitive competitive ADJ fbem-29583 116 82 advantages advantage NOUN fbem-29583 116 83 for for ADP fbem-29583 116 84 enterprises enterprise NOUN fbem-29583 116 85 . . PUNCT fbem-29583 117 1 with with ADP fbem-29583 117 2 the the DET fbem-29583 117 3 continuous continuous ADJ fbem-29583 117 4 increase increase NOUN fbem-29583 117 5 in in ADP fbem-29583 117 6 consumer consumer NOUN fbem-29583 117 7 attention attention NOUN fbem-29583 117 8 to to ADP fbem-29583 117 9 environmental environmental ADJ fbem-29583 117 10 protection protection NOUN fbem-29583 117 11 and and CCONJ fbem-29583 117 12 sustainable sustainable ADJ fbem-29583 117 13 development development NOUN fbem-29583 117 14 issues issue NOUN fbem-29583 117 15 , , PUNCT fbem-29583 117 16 the the DET fbem-29583 117 17 demand demand NOUN fbem-29583 117 18 for for ADP fbem-29583 117 19 green green ADJ fbem-29583 117 20 products product NOUN fbem-29583 117 21 in in ADP fbem-29583 117 22 the the DET fbem-29583 117 23 market market NOUN fbem-29583 117 24 is be AUX fbem-29583 117 25 also also ADV fbem-29583 117 26 increasing increase VERB fbem-29583 117 27 . . PUNCT fbem-29583 118 1 by by ADP fbem-29583 118 2 strengthening strengthen VERB fbem-29583 118 3 r&d r&d NOUN fbem-29583 118 4 investment investment NOUN fbem-29583 118 5 , , PUNCT fbem-29583 118 6 enterprises enterprise NOUN fbem-29583 118 7 can can AUX fbem-29583 118 8 more more ADV fbem-29583 118 9 quickly quickly ADV fbem-29583 118 10 capture capture VERB fbem-29583 118 11 changes change NOUN fbem-29583 118 12 in in ADP fbem-29583 118 13 market market NOUN fbem-29583 118 14 demand demand NOUN fbem-29583 118 15 , , PUNCT fbem-29583 118 16 build build VERB fbem-29583 118 17 a a DET fbem-29583 118 18 sounder sounder ADJ fbem-29583 118 19 r&d r&d NOUN fbem-29583 118 20 system system NOUN fbem-29583 118 21 , , PUNCT fbem-29583 118 22 attract attract VERB fbem-29583 118 23 and and CCONJ fbem-29583 118 24 cultivate cultivate VERB fbem-29583 118 25 more more ADJ fbem-29583 118 26 r&d r&d NOUN fbem-29583 118 27 talents talent NOUN fbem-29583 118 28 , , PUNCT fbem-29583 118 29 and and CCONJ fbem-29583 118 30 then then ADV fbem-29583 118 31 develop develop VERB fbem-29583 118 32 green green ADJ fbem-29583 118 33 products product NOUN fbem-29583 118 34 that that PRON fbem-29583 118 35 meet meet VERB fbem-29583 118 36 market market NOUN fbem-29583 118 37 demand demand NOUN fbem-29583 118 38 , , PUNCT fbem-29583 118 39 enhancing enhance VERB fbem-29583 118 40 the the DET fbem-29583 118 41 market market NOUN fbem-29583 118 42 response response NOUN fbem-29583 118 43 speed speed NOUN fbem-29583 118 44 and and CCONJ fbem-29583 118 45 competitiveness competitiveness NOUN fbem-29583 118 46 of of ADP fbem-29583 118 47 enterprises enterprise NOUN fbem-29583 118 48 . . PUNCT fbem-29583 119 1 references reference NOUN fbem-29583 119 2 [ [ X fbem-29583 119 3 1 1 NUM fbem-29583 119 4 ] ] X fbem-29583 119 5 ming ming PROPN fbem-29583 119 6 tian tian PROPN fbem-29583 119 7 , , PUNCT fbem-29583 119 8 shaoqi shaoqi PROPN fbem-29583 119 9 shen shen PROPN fbem-29583 119 10 , , PUNCT fbem-29583 119 11 jiarui jiarui PROPN fbem-29583 119 12 yan yan PROPN fbem-29583 119 13 . . PUNCT fbem-29583 120 1 research research NOUN fbem-29583 120 2 on on ADP fbem-29583 120 3 the the DET fbem-29583 120 4 impact impact NOUN fbem-29583 120 5 mechanism mechanism NOUN fbem-29583 120 6 of of ADP fbem-29583 120 7 climate climate NOUN fbem-29583 120 8 change change NOUN fbem-29583 120 9 risk risk NOUN fbem-29583 120 10 on on ADP fbem-29583 120 11 corporate corporate ADJ fbem-29583 120 12 sustainability sustainability NOUN fbem-29583 120 13 performance performance NOUN fbem-29583 121 1 [ [ X fbem-29583 121 2 j j X fbem-29583 121 3 / / SYM fbem-29583 121 4 ol ol PROPN fbem-29583 121 5 ] ] PUNCT fbem-29583 121 6 . . PUNCT fbem-29583 122 1 resources resource NOUN fbem-29583 122 2 and and CCONJ fbem-29583 122 3 industry industry NOUN fbem-29583 122 4 , , PUNCT fbem-29583 122 5 1 1 NUM fbem-29583 122 6 - - SYM fbem-29583 122 7 27 27 NUM fbem-29583 123 1 [ [ X fbem-29583 123 2 2024 2024 NUM fbem-29583 123 3 - - SYM fbem-29583 123 4 1030 1030 NUM fbem-29583 123 5 ] ] PUNCT fbem-29583 123 6 . . PUNCT fbem-29583 124 1 ( ( PUNCT fbem-29583 124 2 in in ADP fbem-29583 124 3 chinese chinese PROPN fbem-29583 124 4 ) ) PUNCT fbem-29583 124 5 . . PUNCT fbem-29583 125 1 [ [ X fbem-29583 125 2 2 2 NUM fbem-29583 125 3 ] ] X fbem-29583 125 4 zhao zhao PROPN fbem-29583 125 5 en en PROPN fbem-29583 125 6 - - NOUN fbem-29583 125 7 torch torch NOUN fbem-29583 125 8 , , PUNCT fbem-29583 125 9 sen sen PROPN fbem-29583 125 10 yang yang PROPN fbem-29583 125 11 . . PUNCT fbem-29583 125 12 impact impact NOUN fbem-29583 125 13 of of ADP fbem-29583 125 14 new new ADJ fbem-29583 125 15 quality quality NOUN fbem-29583 125 16 productivity productivity NOUN fbem-29583 125 17 development development NOUN fbem-29583 125 18 on on ADP fbem-29583 125 19 green green ADJ fbem-29583 125 20 innovation innovation NOUN fbem-29583 125 21 in in ADP fbem-29583 125 22 china china PROPN fbem-29583 125 23 's 's PART fbem-29583 125 24 high high ADJ fbem-29583 125 25 - - PUNCT fbem-29583 125 26 end end NOUN fbem-29583 125 27 manufacturing manufacturing NOUN fbem-29583 125 28 industry industry NOUN fbem-29583 126 1 [ [ X fbem-29583 126 2 j j X fbem-29583 126 3 ] ] X fbem-29583 126 4 . . PUNCT fbem-29583 127 1 finance finance NOUN fbem-29583 127 2 and and CCONJ fbem-29583 127 3 economics economic NOUN fbem-29583 127 4 monthly monthly ADV fbem-29583 127 5 , , PUNCT fbem-29583 127 6 2024 2024 NUM fbem-29583 127 7 , , PUNCT fbem-29583 127 8 45 45 NUM fbem-29583 127 9 ( ( PUNCT fbem-29583 127 10 20 20 NUM fbem-29583 127 11 ): ): PUNCT fbem-29583 127 12 123 123 NUM fbem-29583 127 13 - - SYM fbem-29583 127 14 129 129 NUM fbem-29583 127 15 . . PUNCT fbem-29583 128 1 ( ( PUNCT fbem-29583 128 2 in in ADP fbem-29583 128 3 chinese chinese PROPN fbem-29583 128 4 ) ) PUNCT fbem-29583 128 5 . . PUNCT fbem-29583 129 1 [ [ X fbem-29583 129 2 3 3 X fbem-29583 129 3 ] ] X fbem-29583 129 4 rohit rohit PROPN fbem-29583 129 5 , , PUNCT fbem-29583 129 6 sharma sharma PROPN fbem-29583 129 7 , , PUNCT fbem-29583 129 8 and and CCONJ fbem-29583 129 9 , , PUNCT fbem-29583 129 10 et et PROPN fbem-29583 129 11 al al PROPN fbem-29583 129 12 . . PUNCT fbem-29583 129 13 production production NOUN fbem-29583 129 14 , , PUNCT fbem-29583 129 15 purification purification NOUN fbem-29583 129 16 , , PUNCT fbem-29583 129 17 characterization characterization NOUN fbem-29583 129 18 , , PUNCT fbem-29583 129 19 and and CCONJ fbem-29583 129 20 applications application NOUN fbem-29583 129 21 of of ADP fbem-29583 129 22 lipases lipase NOUN fbem-29583 130 1 [ [ X fbem-29583 130 2 j j X fbem-29583 130 3 ] ] X fbem-29583 130 4 . . PUNCT fbem-29583 131 1 biotechnology biotechnology NOUN fbem-29583 131 2 advances advance NOUN fbem-29583 131 3 , , PUNCT fbem-29583 131 4 2001 2001 NUM fbem-29583 131 5 . . PUNCT fbem-29583 132 1 [ [ X fbem-29583 132 2 4 4 NUM fbem-29583 132 3 ] ] X fbem-29583 132 4 k.w k.w PROPN fbem-29583 132 5 . . PROPN fbem-29583 132 6 korea korea PROPN fbem-29583 132 7 , , PUNCT fbem-29583 132 8 y.t y.t PROPN fbem-29583 132 9 . . PROPN fbem-29583 132 10 gan gan PROPN fbem-29583 132 11 . . PUNCT fbem-29583 133 1 can can AUX fbem-29583 133 2 investor investor VERB fbem-29583 133 3 attention attention NOUN fbem-29583 133 4 promote promote VERB fbem-29583 133 5 corporate corporate ADJ fbem-29583 133 6 green green ADJ fbem-29583 133 7 innovation innovation NOUN fbem-29583 133 8 performance performance NOUN fbem-29583 133 9 the the DET fbem-29583 133 10 mediating mediate VERB fbem-29583 133 11 effect effect NOUN fbem-29583 133 12 of of ADP fbem-29583 133 13 financing financing NOUN fbem-29583 133 14 constraints constraint NOUN fbem-29583 133 15 and and CCONJ fbem-29583 133 16 the the DET fbem-29583 133 17 moderating moderate VERB fbem-29583 133 18 role role NOUN fbem-29583 133 19 of of ADP fbem-29583 133 20 environmental environmental ADJ fbem-29583 133 21 regulations regulation NOUN fbem-29583 134 1 [ [ X fbem-29583 134 2 j j X fbem-29583 134 3 ] ] X fbem-29583 134 4 . . PUNCT fbem-29583 135 1 science science NOUN fbem-29583 135 2 and and CCONJ fbem-29583 135 3 technology technology NOUN fbem-29583 135 4 progress progress NOUN fbem-29583 135 5 and and CCONJ fbem-29583 135 6 countermeasures countermeasure NOUN fbem-29583 135 7 , , PUNCT fbem-29583 135 8 2023 2023 NUM fbem-29583 135 9 , , PUNCT fbem-29583 135 10 40(8):89 40(8):89 PROPN fbem-29583 135 11 - - SYM fbem-29583 135 12 98 98 NUM fbem-29583 135 13 . . PUNCT fbem-29583 136 1 ( ( PUNCT fbem-29583 136 2 in in ADP fbem-29583 136 3 chinese chinese PROPN fbem-29583 136 4 ) ) PUNCT fbem-29583 136 5 . . PUNCT fbem-29583 137 1 [ [ X fbem-29583 137 2 5 5 NUM fbem-29583 137 3 ] ] PUNCT fbem-29583 137 4 tong tong PROPN fbem-29583 137 5 lu lu PROPN fbem-29583 137 6 , , PUNCT fbem-29583 137 7 yin yin PROPN fbem-29583 137 8 dang dang PROPN fbem-29583 137 9 . . PUNCT fbem-29583 138 1 investor investor NOUN fbem-29583 138 2 protection protection NOUN fbem-29583 138 3 , , PUNCT fbem-29583 138 4 innovation innovation NOUN fbem-29583 138 5 investment investment NOUN fbem-29583 138 6 and and CCONJ fbem-29583 138 7 firm firm ADJ fbem-29583 138 8 value value NOUN fbem-29583 139 1 [ [ X fbem-29583 139 2 j j X fbem-29583 139 3 ] ] X fbem-29583 139 4 . . PUNCT fbem-29583 140 1 financial financial PROPN fbem-29583 140 2 review review PROPN fbem-29583 140 3 , , PUNCT fbem-29583 140 4 2012 2012 NUM fbem-29583 140 5 , , PUNCT fbem-29583 140 6 4(5):15 4(5):15 NUM fbem-29583 140 7 - - SYM fbem-29583 140 8 33 33 NUM fbem-29583 140 9 , , PUNCT fbem-29583 140 10 122 122 NUM fbem-29583 140 11 . . PUNCT fbem-29583 141 1 ( ( PUNCT fbem-29583 141 2 in in ADP fbem-29583 141 3 chinese chinese PROPN fbem-29583 141 4 ) ) PUNCT fbem-29583 141 5 . . PUNCT fbem-29583 142 1 [ [ X fbem-29583 142 2 6 6 NUM fbem-29583 142 3 ] ] X fbem-29583 142 4 yuanyuan yuanyuan X fbem-29583 142 5 sun sun PROPN fbem-29583 142 6 , , PUNCT fbem-29583 142 7 xinzhu xinzhu PROPN fbem-29583 142 8 zhang zhang PROPN fbem-29583 142 9 , , PUNCT fbem-29583 142 10 meiyan meiyan PROPN fbem-29583 142 11 zhang zhang PROPN fbem-29583 142 12 , , PUNCT fbem-29583 142 13 et et PROPN fbem-29583 142 14 al al PROPN fbem-29583 142 15 . . PUNCT fbem-29583 142 16 esg esg PROPN fbem-29583 142 17 performance performance NOUN fbem-29583 142 18 , , PUNCT fbem-29583 142 19 r&d r&d NOUN fbem-29583 142 20 investment investment NOUN fbem-29583 142 21 and and CCONJ fbem-29583 142 22 firms firm NOUN fbem-29583 142 23 ' ' PART fbem-29583 142 24 green green ADJ fbem-29583 142 25 dual dual ADJ fbem-29583 142 26 innovation innovation NOUN fbem-29583 142 27 - - PUNCT fbem-29583 142 28 the the DET fbem-29583 142 29 moderating moderate VERB fbem-29583 142 30 effect effect NOUN fbem-29583 142 31 based base VERB fbem-29583 142 32 on on ADP fbem-29583 142 33 media medium NOUN fbem-29583 142 34 monitoring monitoring NOUN fbem-29583 142 35 [ [ X fbem-29583 142 36 j j X fbem-29583 142 37 / / SYM fbem-29583 142 38 ol ol PROPN fbem-29583 142 39 ] ] PUNCT fbem-29583 142 40 . . PUNCT fbem-29583 143 1 operation operation NOUN fbem-29583 143 2 and and CCONJ fbem-29583 143 3 management management NOUN fbem-29583 143 4 , , PUNCT fbem-29583 143 5 1 1 NUM fbem-29583 143 6 - - SYM fbem-29583 143 7 21 21 NUM fbem-29583 144 1 [ [ X fbem-29583 144 2 2024 2024 NUM fbem-29583 144 3 - - SYM fbem-29583 144 4 10 10 NUM fbem-29583 144 5 - - NUM fbem-29583 144 6 18 18 NUM fbem-29583 144 7 ] ] PUNCT fbem-29583 144 8 . . PUNCT fbem-29583 145 1 ( ( PUNCT fbem-29583 145 2 in in ADP fbem-29583 145 3 chinese chinese PROPN fbem-29583 145 4 ) ) PUNCT fbem-29583 145 5 . . PUNCT