Study on ESG Performance Factors of Listed Companies

DOI

10.2991/978-94-6463-036-7_19How to use a DOI?

Keywords

ESG Performance; Product Market Competition; Debt Level; Financing Demand

Abstract

In recent years, China attaches great importance to the performance of corporate ESG. The “cause of socialism with Chinese characteristics” integrates ecological civilization into the overall layout, and China has focused its economic growth points on the development of green production business. In this paper, the research samples are the listed companies selected by Syn Tao Green Finance in the ESG scoring table from 2015 to 2018.The Study has shown that (1) moderate increase in financial leverage has a positive effect on ESG performance. (2) As the demand for financing increases, the better the performance of enterprise ESG. In addition, the ESG performance of enterprises is also affected by external pressures, (3) moderately enhancing the degree of market competition has a positive role in promoting the ESG performance of enterprises. The study also found that corporate governance also has an impact on ESG: In a market with strong market competition, the higher the proportion of independent directors the company is, the better the ESG performance it is. (5) ESG performance is also affected by the size of the enterprise, and the larger the enterprise size, the better the ESG performance. In terms of the nature of property rights, (6) debt levels and financing needs have a strong role in promoting the performance of non-state-owned enterprises in ESG, but the effect on state-owned enterprises is not obvious.

Copyright

© 2022 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yuxin Jiang
PY  - 2022
DA  - 2022/12/31
TI  - Study on ESG Performance Factors of Listed Companies
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 128
EP  - 134
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_19
DO  - 10.2991/978-94-6463-036-7_19
ID  - Jiang2022
ER  -