Empirical Research of ESG Performance and Firm Performance in Chinese Real Estate Companies

Xinyu Shao ()
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Xinyu Shao: Chinese University of Hongkong, Business School

A chapter in Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), 2022, pp 1036-1044 from Springer

Abstract: Abstract Taking the economic development and environmental protection as the starting point, the relationship between ESG performance and corporate financial performance is investigated empirically. This research analyzes the existing ESG research and puts forward the research hypotheses. In addition, ROE as well as Debt-to-asset ratio were adopted as the explanatory variables and ESG as the explanatory variables. This study used regression analysis to evaluate the annual reports of listed companies in China’s A-share real estate industry from 2018 to 2020 to empirically analyze the relationship between ESG performance and ROE and debt-to-asset ratio. The results of the study indicate that there is a significant positive relationship between ESG performance and ROE & debt-to-asset ratio. Based on the research results, and taking into account the current situation of enterprises in the real estate industry, this paper suggests that companies should strengthen the ESG information disclosure requirements for enterprises in the real estate industry; formulate corresponding ESG policies and continuously deepen the application of enterprise ESG management.

Keywords: ESG; Firm performance; Real estate (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-052-7_116

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DOI: 10.2991/978-94-6463-052-7_116

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