Study on ESG Performance Factors of Listed Companies

Yuxin Jiang ()
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Yuxin Jiang: Chongqing Technology and Business University, International Business School

A chapter in Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), 2022, pp 128-134 from Springer

Abstract: 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.

Keywords: ESG Performance; Product Market Competition; Debt Level; Financing Demand (search for similar items in EconPapers)
Date: 2022
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DOI: 10.2991/978-94-6463-036-7_19

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