Search

A Study of the Impact of ESG Performance on Corporate Value

Author(s)

Jiaxing Yang*

Affiliation(s)

Putian University, Fujian, China *Corresponding author

Abstract

In recent years, with the emergence of a series of phenomena such as world warming, the concepts of sustainable development and green development have gradually gained attention, and the performance of enterprises in terms of environmental, social and corporate governance (ESG) has received extensive attention from society. This study focuses on the issue of the impact of ESG performance on corporate value. This paper analyzes the relationship between ESG ratings and corporate value based on the data from Cathay Pacific and Dibbo databases, and the empirical results show that there is a positive contribution of corporate ESG performance to corporate value.

Keywords

ESG Performance; ESG Rating; Enterprise Value; Internal Control

References

[1] XI Longsheng,WANG Yan. Corporate ESG disclosure and stock price crash risk[J]. Economic Issues,2022,(08):57-64. [2] Qiu Muyuan,Yin Hong. Corporate ESG performance and financing cost in the context of ecological civilization construction[J]. Research on Quantitative Economics and Technical Economics,2019,36(03):108-123. [3] Qiu Dong. Research on the impact of corporate ESG performance on institutional investors' shareholding preference[J]. Modern Business,2023,(22):133-136. [4] Cao Zeren,Wang Honggang. Evaluation of ESG quality of commercial bank customers based on big data[J]. Shanghai Finance,2022,(07):57-70. [5] Li Xiaoxin. Analysis of factors affecting enterprise value assessment[J]. Modernization of Shopping Malls,2023,(14):104-106. [6] QUAN Zhongguang,RUAN Yonghua,YE Chengang,et al. Research on big data enterprise value assessment and its influencing factors based on Schwartz-Moon model[J]. China CPA,2022,(11):53-58. [7] Xue Hongjun.Research on the impact of ESG performance on corporate value[D]. Shandong University of Finance and Economics,2024. [8] Wang Yifan.An empirical analysis of the impact of ESG performance on corporate value of listed companies[J]. China-Arab Science and Technology Forum (in Chinese and English),2024,(04):58-62. [9] Qin Ying,Li Shiyu. Research on the relationship between inclusive green development, environmental protection and financial performance--an empirical analysis based on three ESG elements[J]. Price Theory and Practice,2024,(02):164-168+223. [10] Chen Wenxin.Research on the impact of ESG performance on the level of internationalization of manufacturing enterprises[J]. Fujian Metallurgy,2024,53(03):58-61. [11] YU Ying,WU Hecheng,YI Ronghua. Corporate ESG performance and value creation - A perspective based on internal development and external pressure[J/OL]. China Management Science,1-14[2024-10-04]. [12] SONG Yu-Xuan,YU Wen. The Impact of ESG Performance of Listed Companies on Corporate Value[J]. Cooperative Economy and Technology,2024,(17):78-81.