请将我给出的内容重构地道地写成esg影响公司创新的ssci英文金融论文：理论上有几个原因会导致ESG评级可能对公司创新活动产生正向影响。首先ESG rating较高代表着公司有较好的公司治理而良好的公司治理可以促进公司创新活动 O’Connor and Rafferty2012。其次企业的创新活动可能会降低短期利润而股东无法及时知道公司的创新绩效信息因而可能会将这种不佳绩效归因于管理者的努力不足J

ESG Impact on Innovation in Companies: A SSCI Financial Paper

There are several reasons why ESG ratings may have a positive impact on a company's innovation activities. Firstly, a high ESG rating signifies good corporate governance, which can promote innovation activities in the company (O'Connor and Rafferty, 2012). Secondly, innovation activities in a company may result in short-term profit reductions, and shareholders may not have timely access to information on the company's innovation performance. As a result, poor performance may be attributed to inadequate managerial effort (Jiang & Yuan, 2018), and managers may be forced to leave. The ESG rating process can help shareholders fully understand the company's performance in sustainable development, enhance trust in managerial innovation decisions, reduce the likelihood of forced resignations, and indirectly motivate managers to engage in innovation activities (Bereskin and Hsu, 2011; Bereskin and Hsu, 2014; Yuan et al., 2023). Finally, good ESG performance can reduce financing constraints for listed companies (Bai et al., 2022), which can promote innovation activities in the company (Hall, 2002; Hall and Lerner, 2009; Howell, 2016).