The Verification and Application of the Research about How ESG Performance Influences the Corporate Value

Research Article
Open access

The Verification and Application of the Research about How ESG Performance Influences the Corporate Value

Yitong Zheng 1*
  • 1 Nanjing University of Information Science and Technology    
  • *corresponding author 1620734067@qq.com
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/18/20230105
AEMPS Vol.18
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-79-9
ISBN (Online): 978-1-915371-80-5

Abstract

The essay aims to verify the relationships between corporate performance and ESG investing so that the meaning of environmental, social, and governance (ESG) performance can be highlighted. And the conclusion can be applied to classical business theories and business analysis. The article uses regression and sensitivity analysis to research the problem. There will be three assumptions of the idea, the relationships with financing constraints and corporate efficiency. And the sensitivity of ESG performance. We will conclude that ESG investment positively correlates with corporate efficiency and negatively correlates with financing constraints. And the sensibility of ESG investment is higher in private enterprises than in state-owned enterprises.

Keywords:

component, financing constraints, enterprise efficiency, enterprise ownership

Zheng,Y. (2023). The Verification and Application of the Research about How ESG Performance Influences the Corporate Value. Advances in Economics, Management and Political Sciences,18,396-405.
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References

[1]. ACCA. (2022) Responsible leadership. https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-leader/technical-articles/responsible-leadership.html.

[2]. He Z J. (2022). Research on the Impact of ESG Performance on Enterprise Value (Master's Thesis, Jiangxi University of Finance and Economics).

[3]. Oxford College of Marketing. (2018) What Is Mendelow’s Matrix And How Is It Useful? https://blog.oxfordcollegeofmarketing.com/2018/04/23/what-is-mendelows-matrix-and-how-is-it-useful/

[4]. Qi L S. (2018). The average fuel consumption of passenger car companies and the research on accounting confirmation and measurement of new energy vehicle credits. Collection, pp. 15.

[5]. BA Theories. (2021) SAF (SFA) Strategy Model. https://www.batheories.com/saf-model/.

[6]. ACCA. (2022) Environmental and sustainability issues. https://client.vpn.nuist.edu.cn/https/webvpn34dba54512b1dbccec764ab274be469e/kcms/detail/detail.aspx?dbcode=CJFD&dbname=CJFD2007&filename=HBZG200702004&uniplatform=NZKPT&v=yEK-7WS5AwIASCBD9Scki_GdHftW7nZ5WxXPi6S26f--9tO1HFx3tUKYY2PfwL_M.

[7]. Hu H X, Han J M, and Yang H F. (2007) Comparison and Enlightenment of American, German, and Japanese Company Board Models. Journal of Hebei Software Vocational and Technical College, 9(2), 12-16.

[8]. Freeman, R. (2006) Strategic Management: A Stakeholder Approach. Shanghai Translation Publishing House.

[9]. Winter, D G. (1991) A motivational model of leadership: Predicting long-term management success from TAT measures of power motivation and responsibility. The Leadership Quarterly, 2(2), pp. 67-80.

[10]. Maak, T., Pless, N. M. (2006). Responsible leadership in a stakeholder society–a relational perspective. Journal of business ethics, 66(1), pp. 99-115.

Cite this article

Zheng,Y. (2023). The Verification and Application of the Research about How ESG Performance Influences the Corporate Value. Advances in Economics, Management and Political Sciences,18,396-405.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN：978-1-915371-79-9(Print) / 978-1-915371-80-5(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.18
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. ACCA. (2022) Responsible leadership. https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/strategic-business-leader/technical-articles/responsible-leadership.html.

[2]. He Z J. (2022). Research on the Impact of ESG Performance on Enterprise Value (Master's Thesis, Jiangxi University of Finance and Economics).

[3]. Oxford College of Marketing. (2018) What Is Mendelow’s Matrix And How Is It Useful? https://blog.oxfordcollegeofmarketing.com/2018/04/23/what-is-mendelows-matrix-and-how-is-it-useful/

[4]. Qi L S. (2018). The average fuel consumption of passenger car companies and the research on accounting confirmation and measurement of new energy vehicle credits. Collection, pp. 15.

[5]. BA Theories. (2021) SAF (SFA) Strategy Model. https://www.batheories.com/saf-model/.

[6]. ACCA. (2022) Environmental and sustainability issues. https://client.vpn.nuist.edu.cn/https/webvpn34dba54512b1dbccec764ab274be469e/kcms/detail/detail.aspx?dbcode=CJFD&dbname=CJFD2007&filename=HBZG200702004&uniplatform=NZKPT&v=yEK-7WS5AwIASCBD9Scki_GdHftW7nZ5WxXPi6S26f--9tO1HFx3tUKYY2PfwL_M.

[7]. Hu H X, Han J M, and Yang H F. (2007) Comparison and Enlightenment of American, German, and Japanese Company Board Models. Journal of Hebei Software Vocational and Technical College, 9(2), 12-16.

[8]. Freeman, R. (2006) Strategic Management: A Stakeholder Approach. Shanghai Translation Publishing House.

[9]. Winter, D G. (1991) A motivational model of leadership: Predicting long-term management success from TAT measures of power motivation and responsibility. The Leadership Quarterly, 2(2), pp. 67-80.

[10]. Maak, T., Pless, N. M. (2006). Responsible leadership in a stakeholder society–a relational perspective. Journal of business ethics, 66(1), pp. 99-115.

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