Study on the Influence of ESG Information Disclosure Level on Enterprise Value of Energy Enterprises

DOI

10.2991/978-94-6463-598-0_28How to use a DOI?

Keywords

energy sector; ESG performance; enterprise value; disclosure

Abstract

This paper selects 105 energy industry companies listed on the main board of A-shares in Shenzhen and Shanghai during the period of 2018-2022 as a sample, and empirically examines the impact of ESG disclosure level on the enterprise value of energy companies based on the stakeholder theory and using the TobinQ model. The results show that the level of ESG disclosure is significantly and positively related to corporate value, and good ESG performance can increase the corporate value of listed companies. The above results are robust and based on stakeholder theory, provide empirical evidence for stakeholder participation in cooperation, innovative development of enterprises and policy regulation.

Copyright

© 2024 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.

Download article (PDF)

TY  - CONF
AU  - Zixin Ling
PY  - 2024
DA  - 2024/12/19
TI  - Study on the Influence of ESG Information Disclosure Level on Enterprise Value of Energy Enterprises
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 278
EP  - 284
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_28
DO  - 10.2991/978-94-6463-598-0_28
ID  - Ling2024
ER  -