 The Correlation Between Corporate Profitability and ESG Ratings: Samples from Forestry and Paper IndustryZijin Zou ()
A chapter in Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), 2024, pp 377-386 from Springer Abstract: Abstract Recently, the sustainability and social responsibility of business operation have become more and more important in the criteria to evaluate the value of a company, which cause the environmental, social, and governance (ESG) scores to be valued. This study examined the impact of the ESG score and profitability of the year before on the profitability of Chinese forestry companies, which is weighed by EBIT and ROA, with regression to determine that does ESG score will affect the profitability of forestry corporations or not. The findings suggest that the scores have a significant correlation with the EBIT while all of the scores do not show a significant effect on the ROA. At the same time, the findings also show that the ROA is affected by the ROA in the year before extremely significant, while the influence of the EBIT in the year before to the EBIT in one year later is not as obvious as the effect of the previous ROA generated to the later one. Keywords: ESG; Forestry and Paper Industry; Corporate Profitability (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-408-2_43 Ordering information: This item can be ordered from DOI: 10.2991/978-94-6463-408-2_43 Access Statistics for this chapter More chapters in Advances in Economics, Business and Management Research from Springer |
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