请将我给出的内容重构地道地写成esg影响公司创新的ssci英文金融论文中引言的其中一段:本文通过考察ESG评级对上市公司创新活动的因果影响为越来越多关于企业创新的文献做出了贡献。具体而言我们发现ESG评级对企业创新具有积极的因果影响为越来越多探讨公司治理和企业社会责任对企业创新的作用的文献O’connor and Rafferty 2012;Cook et al 2019提供了ESG评级的研究视角
This paper contributes to the growing literature on corporate innovation by examining the causal effect of ESG ratings on the innovation activities of listed companies. Specifically, we find that ESG ratings have a positive causal impact on corporate innovation, providing a research perspective on the role of corporate governance and social responsibility in corporate innovation for the increasing literature (O’connor and Rafferty, 2012; Cook et al., 2019). Existing studies on the impact of ESG ratings on innovation focus on green innovation (Tan and Zhu, 2022; Wang et al., 2023). Finally, our channel analysis shows that ESG ratings reduce the financing constraints, agency costs, CEO turnover likelihood, stock liquidity, and increase the proportion of R&D expenditure and the number of R&D personnel, promoting corporate innovation, which is supported by previous research (Hall, 2002; Hall and Lerner, 2009; Bereskin and Hsu, 2011; Bereskin and Hsu, 2014; Fang et al., 2014; Haugh, 2016; Yuan et al., 2023), providing more empirical evidence.
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