An Empirical Research on the Impact of Environmentally Sensitive Enterprises’ ESG Performance on Corporate Value

Xinying Geng

2022

Abstract

This paper selects the data of 58 A-share listed power and heat companies in my country from 2015 to 2020 as a sample, and uses a fixed effect model to empirically study the relationship between ESG performance and corporate value of environmentally sensitive companies. The results show that: ESG performance has a significant negative impact on corporate value. The research in this paper helps to clarify the economic impact of ESG performance of environmentally sensitive companies, and leads us to think more about how such companies can better implement social governance practices. At the same time, it has certain reference value for listed companies to attach importance to and improve ESG performance, and for regulatory authorities to strengthen ESG system construction and supervision.

Paper Citation

in Harvard Style

Geng X. (2022). An Empirical Research on the Impact of Environmentally Sensitive Enterprises’ ESG Performance on Corporate Value. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 460-465. DOI: 10.5220/0011185500003440

in Bibtex Style

@conference{bdedm22,
author={Xinying Geng},
title={An Empirical Research on the Impact of Environmentally Sensitive Enterprises’ ESG Performance on Corporate Value},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={460-465},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011185500003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - An Empirical Research on the Impact of Environmentally Sensitive Enterprises’ ESG Performance on Corporate Value
SN - 978-989-758-593-7
AU - Geng X.
PY - 2022
SP - 460
EP - 465
DO - 10.5220/0011185500003440