ESG Quality, Attention, and Enterprise Value: An Empirical Analysis of Chinese A-Share Listed Companies
Journal Title: Opportunities and Challenges in Sustainability - Year 2024, Vol 3, Issue 3
Abstract
With the growing prominence of environmental issues, sustainable development has become a global consensus. Environmental, social, and governance (ESG) factors have emerged as key focal points for companies and their stakeholders. Using a sample of Chinese A-share listed companies from 2011 to 2022, a comprehensive indicator of attention was constructed from a stakeholder perspective to examine the interactions and mechanisms among ESG quality, attention, and enterprise value. Findings indicate that enhanced ESG performance significantly contributes to increased enterprise value, with attention serving as a critical mediating factor in the relationship between ESG performance and enterprise value. Furthermore, notable differences were observed in this process based on firm ownership, with ESG performance exerting a more substantial impact on enterprise value within state-owned enterprises. These insights offer valuable perspectives for companies on how to leverage improved ESG performance to enhance enterprise value.
Authors and Affiliations
Jiaxin Wei, Yuanhua Yang
Keywords
Related Articles
- EP ID EP752311
- DOI https://doi.org/10.56578/ocs030305
- Views 7
- Downloads 0
Corporate Sustainability Strategies Are Often Easier Said Than Done
This study aims to analyse how contemporary stakeholder-engagement methods can enhance and acknowledge stakeholders' voices in the CSS and ensure better outcomes. Hence, this paper aims to narrow this gap by developing s...
Sustaining Agricultural Growth: Traps of Socio–Demographics in Emerging Markets
This research aims to evaluate the effect of the global innovation index (GII), urban population (UP), rural population (RP), social globalization index (SGI), and Demographic Pressures (DP) on agriculture value added (A...
Evaluating Spatial Accessibility to High-Tech Health Services in the Spanish Iberian Peninsula: A GIS-Based Analysis
This study explores the spatial accessibility of high-tech health services across municipalities on the Spanish Iberian Peninsula, focusing on the adequacy of service provision by haemodynamic facilities relative to pote...
Natural Hazards and Their Environmental Impact: Flood Risks in the Systemic Management of Non-Hazardous Municipal Waste
Effective waste management poses a significant challenge for transitional countries, particularly in the context of limited financial and material resources. In Bosnia and Herzegovina (BiH), the inefficiency of the waste...
Bibliometric Analysis of Climate Change Impacts on Global Water Issues (2014-2024)
This study presents a comprehensive analysis of critical bibliometric methods, including trend analysis, correlation analysis, rainfall-runoff modeling, multivariate statistical approaches, and flood frequency analysis,...