西部地区战略性新兴产业 ESG 表现、绿色创新质量与企业价值
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中图分类号：F 272.3
文献标识码：A
文章编号：1672-7312（2026）04-0459-11
ESG Performance， Green Innovation Quality， and Enterprise Value of Strategic Emerging Industries in Western China
WANG Qin， ZHANG Chenxue
（School of Economics and Management， Xi'an Technological University， Xi'an 710021， China）
Abstract： The western region of China serves as both an energy-rich area and an ecological barrier. As strategic emerging industries become a new engine of economic growth in the region， their green development performance is critical to achieving the regional “dual carbon” goals. This study contributes to exploring a distinctive green development pathway for industries in western China， characterized by green innovation as the driving force and ESG performance as the foundational support. This paper utilizes panel data from 12 provinces in western China from 2012 to 2024. It comprehensively applies the entropy weight method and a coupling coordination degree model to measure the coupling coordination level between ESG performance and green innovation quality in the strategic emerging industries of the western region. The Dagum Gini coefficient and its decomposition are used to characterize the spatio-temporal differentiation features of the coupling coordination level. Enterprise value is the core goal of business operations. To explore the value creation mechanism of synergistic development， this study empirically investigates the impact of coupling coordination degree on enterprise value. The findings reveal that both the ESG performance and green innovation quality of strategic emerging industries in western China， as well as their coupling coordination level， show a yearly increasing trend. The disparity in the coupling coordination level between ESG performance and green innovation quality is gradually narrowing， indicating a trend toward synergistic development. The coupling coordination degree has a significant positive effect on corporate value， and this conclusion remains valid after robustness checks.
Key words： strategic emerging industries; ESG performance; corporate green innovation quality; corporate value; coupling coordination degree
0 引言
随着全球气候变化的加剧，可持续发展理念深入人心，推动企业绿色转型[1]、发展战略性新兴产业已成为国家战略的重要组成部分[2]。（剩余13933字）
