The Impact of ESG Performance on Corporate Value: An Empirical Analysis Based on A-share Listed Companies
DOI:
https://doi.org/10.62051/IJGEM.v2n3.31Keywords:
ESG, Enterprise value, A-share listed companiesAbstract
With the deepening discussion of environmental, social, and governance issues on a global scale, enterprises, as an important part of the social economy, have attracted increasing attention to their own ESG performance. This article is based on data from Chinese A-share listed companies from 2013 to 2023. Through a fixed effects model, empirical research has found that the ESG performance of a company has a significant positive impact on its value, that is, as the ESG performance of a company improves, its value also increases. Enterprises can enhance their competitiveness by improving their ESG performance, gain recognition from more investors and stakeholders, and achieve sustainable development goals.
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