ESG Performance and Corporate Profitability: An Empirical Analysis of A-share Listed Companies

Yang Yang ()
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Yang Yang: Hefei University of Technology

A chapter in Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025), 2025, pp 72-81 from Springer

Abstract: Abstract According to the annual information of China’s A-share listed companies from 2013 to 2023, this study analyzes impact of ESG rating on the companies’ profitability. The empirical results indicate that enhancing ESG performance can positively impact the company’s profitability. ESG performance indirectly improves corporate profitability by reducing financing constraints. The type of enterprise ownership has an impact on how ESG performance relates to corporate profitability. For non-state-owned enterprises, ESG ratings can positively affect a company’s profitability.

Keywords: ESG Rating; Profitability; Financing Constraints (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-702-1_8

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