Authors:
YuChen Tian
and
Zhong Ma
Affiliation:
Department of accounting, BJTU, Shangyuancun, Beijing, China
Keyword(s):
ESG Efficiency Of Investment, Richardson Model, Social Responsibility, Corporation Management.
Abstract:
This essay examines the relationship between corporate environmental, social, and corporate governance (ESG) and corporate investment efficiency using data from Chinese A-share listed businesses from 2010 to 2020. The empirical findings indicate that solid environmental, social, and governance practices may help businesses improve their non-investment efficiency. The empirical findings of this research, on the other hand, indicate that ESG may help to minimize non-investment efficiency by reducing the agency problem. By employing corporations from developing markets as research samples, this study contributes to the theoretical literature on environmental, social, and corporate governance (ESG). At the same time, the findings of this study have illuminating implications for the company’s ESG management, which is to say, for the management of stakeholders. At the same time, it supplies policymakers with valuable information on resource allocation and other problems.