The Impact of Environmental Responsibility of Small and Medium-Sized Enterprises on Their Performance: The Regulatory Role of Action Ability

The Chinese economy is gradually entering the path of high-quality development, which requires promoting the coordinated progress of economic development and environmental protection. China has proposed the "dual carbon" goal, which is the strategic goal of achieving carbon peak by 2030 and carbon neutrality by 2060. This strategic goal indicates that China will adhere to the path of low-carbon, green, and high-quality development. As microeconomic entities, enterprises should not only serve as the main force of national economic development, but also take into account environmental responsibilities. Therefore, enterprises need to bear dual responsibilities and obligations for environmental protection and economy. Most research results in the literature indicate that fulfilling environmental responsibilities has a positive impact on corporate financial performance. For enterprises, the decision-making and problem-solving abilities of leaders have an impact on the integration of internal and external resources. In the process of resource integration, enterprises need to identify opportunities and threats, especially the ability to take action in the face of sustainable innovation, and whether it plays a moderating role in the dual responsibilities of environmental and economic responsibility. This article summarizes relevant literature on the current research status of corporate environmental responsibility, corporate financial performance, and action capability. It is found that corporate action capability does play a moderating role in corporate environmental responsibility and financial performance.