Literature Study of ESG in Corporate Investment and ESG Rating Status

Research Article
Open access

Literature Study of ESG in Corporate Investment and ESG Rating Status

Jiaxuan Li 1* , Yinuo Li 2
  • 1 The High School Attached to Northwest Normal University    
  • 2 Virtute Innovation Academy    
  • *corresponding author jli2638@wisc.edu
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/40/20232019
AEMPS Vol.40
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-101-8
ISBN (Online): 978-1-83558-102-5

Abstract

This paper explores the challenges and solutions related to implementing ESG (Environmen-tal, Social, and Governance) systems within China's traditional industrial sector and pro-vides insights into future development trends. The adoption of ESG practices in traditional industries in China faces obstacles such as limited awareness, financial constraints, and dif-ficulties in measuring impacts accurately. To address these challenges, the paper suggests raising awareness, promoting education, and fostering a culture of sustainability among in-dustry stakeholders. Collaboration between government bodies, industry associations, and financial institutions is also proposed to provide financial incentives and support for ESG adoption. Standardizing ESG metrics and reporting frameworks can enhance transparency and comparability. Looking ahead, the integration of advanced technologies like AI, block-chain, and IoT can facilitate data analysis and decision-making. Public-private partnerships and industry collaborations can accelerate innovation and knowledge sharing. Despite the challenges, proactive measures such as awareness building, financial support, and standard-ized frameworks can lead to a sustainable future. Cooperation between government, indus-try, and society is crucial in embracing ESG advantages, fostering responsible practices, and contributing to a greener and more inclusive economy.

Keywords:

ESG development, corporate investment, performance & rating

Li,J.;Li,Y. (2023). Literature Study of ESG in Corporate Investment and ESG Rating Status. Advances in Economics, Management and Political Sciences,40,195-202.
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References

[1]. Abbott, W. F., & Monsen, R. J.: On the measurement of corporate social responsibility: Self-reported disclosures as a method of measuring corporate involvement. Academy of Management Journal, 22(3), 501-515 (1979).

[2]. Adams, S., & Simnett, R.: Integrated reporting: An opportunity for Australia's not-for-profit sector. Australian Accounting Review, 21, 292-301 (2011).

[3]. Jiang, Y., & Lu, Z.: Corporate Governance and Equity Financing Costs - A Study of Governance Effects of Single and Integrated Mechanisms. Quantitative Economic and Technical Economics Research, 2 (2009).

[4]. He, X., Xiao, T., & Chen, X.: Corporate social responsibility disclosure and corporate finance constraints. Journal of Financial Research, 8 (2012).

[5]. Shang, D. R.: Green: Value Discovery Journey 2015-Chinese CSR Report Research. Shang Dao Rong Green Research Report (2015).

[6]. Aerts, W., & Cormier, D.: Media legitimacy and corporate environmental communication. Accounting, Organizations and Society, 34, 1-27 (2009).

[7]. Shen, Y., Xiao, M., & Huang, J.: Legal Protection of Small and Medium-sized Investors and the Cost of Equity Capital of Companies. Economic Research (2005).

[8]. Hu, W.: Making ESG an important information to influence business and investment decisions. Sustainable Development Economic Blip, 49(5) (2019).

[9]. Bai, C., Liu, S., & Lu, Z.: An Empirical Study of the Governance Structure of Chinese Listed Companies. Economic Research, 2 (2005).

[10]. Han, Q., Yuan, Y., & Wu, B.: Short-term international capital flows and financing costs of listed enterprises in China. Economic Research, 6 (2017).


Cite this article

Li,J.;Li,Y. (2023). Literature Study of ESG in Corporate Investment and ESG Rating Status. Advances in Economics, Management and Political Sciences,40,195-202.

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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

ISBN:978-1-83558-101-8(Print) / 978-1-83558-102-5(Online)
Editor:Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.40
ISSN:2754-1169(Print) / 2754-1177(Online)

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References

[1]. Abbott, W. F., & Monsen, R. J.: On the measurement of corporate social responsibility: Self-reported disclosures as a method of measuring corporate involvement. Academy of Management Journal, 22(3), 501-515 (1979).

[2]. Adams, S., & Simnett, R.: Integrated reporting: An opportunity for Australia's not-for-profit sector. Australian Accounting Review, 21, 292-301 (2011).

[3]. Jiang, Y., & Lu, Z.: Corporate Governance and Equity Financing Costs - A Study of Governance Effects of Single and Integrated Mechanisms. Quantitative Economic and Technical Economics Research, 2 (2009).

[4]. He, X., Xiao, T., & Chen, X.: Corporate social responsibility disclosure and corporate finance constraints. Journal of Financial Research, 8 (2012).

[5]. Shang, D. R.: Green: Value Discovery Journey 2015-Chinese CSR Report Research. Shang Dao Rong Green Research Report (2015).

[6]. Aerts, W., & Cormier, D.: Media legitimacy and corporate environmental communication. Accounting, Organizations and Society, 34, 1-27 (2009).

[7]. Shen, Y., Xiao, M., & Huang, J.: Legal Protection of Small and Medium-sized Investors and the Cost of Equity Capital of Companies. Economic Research (2005).

[8]. Hu, W.: Making ESG an important information to influence business and investment decisions. Sustainable Development Economic Blip, 49(5) (2019).

[9]. Bai, C., Liu, S., & Lu, Z.: An Empirical Study of the Governance Structure of Chinese Listed Companies. Economic Research, 2 (2005).

[10]. Han, Q., Yuan, Y., & Wu, B.: Short-term international capital flows and financing costs of listed enterprises in China. Economic Research, 6 (2017).