A review and outlook on the influence factors for High-quality development of enterprises

Abstract

Introdution: The high-quality development of the economy depends on the parallel progress of enterprises, it is particularly urgent to strengthen the research on the high-quality development of enterprises. Existing studies have conducted comprehensive analyses of the internal and external influencing factors of high-quality development of enterprises from different aspects. The study has mainly reviewed the literature about the high-quality development of enterprises from the historical evolution and current situation, definition, measurement and explored the influencing factors from four aspects: ESG, government incentive policies, green innovation, and innovation organization culture and to explore possible influence and path and relationship among different factors for further empirical research. The study found that (1) high-quality enterprise development has replaced rapid expansion as one of China's economic priorities. Sustainable and equitable growth is prioritized over rapid economic expansion. (2) ESG, green innovation, and innovation organization culture can have a positive impact on High-quality of enterprises, the influence of government incentive policy is ambiguity. Objective: The objective of this study is to investigate influence factors of high-quality development of enterprise and to analysis ESG, government incentive policies, green innovation, and innovation organization culture influence path and relationship among different factors. Theoretical Framework: The theory used is behavior change support from Robertson (1993). It refers to the behavior that employees willingly adopt and actively engage in in organizational management activities. This factor is crucial for the success of any organizational change. Results and Discussion: The study found that ESG, green innovation, and innovation organization culture can have an impact on High-quality of enterprises, the influence of government incentive policy is ambiguity. Future studies can explore technology innovation and corporate social responsibility, so as to help firms understand how their ESG performance affects their high-quality development and lead sustainable practices and innovation decisions. Research Implications: The study intends to expand the range of ESG-related academic views and suggest meaningful managerial implications for companies that want to practice ESG.