Quantitative Analysis of the Impact of Corporate ESG Ratings on Regional GDP Growth in the Yangtze River Delta Economic Sphere

Yuqi Liu ()
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Yuqi Liu: Yunnan University of Finance and Economics, Economics Department

A chapter in Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), 2024, pp 74-86 from Springer

Abstract: Abstract Amidst the tides of globalization and sustainable development, the construct of Corporate Social Responsibility (CSR) has evolved into an ESG (Environmental, Social, and Governance) rating system. This research delves into the Yangtze River Delta, a pivotal engine of China’s economic landscape, to elucidate the intrinsic nexus between corporate ESG ratings and regional GDP augmentation. By employing a linear regression analysis on the dislocated datasets of corporate ESG ratings from 2019 to 2023 and corresponding economic metrics from 2018 to 2022, this study quantitatively assesses the potential influence of ESG ratings on regional GDP. The findings underscore a significant positive correlation between enhanced corporate ESG ratings and the economic growth of the Yangtze River Delta, highlighting the pivotal role of corporate ESG initiatives in regional economic prosperity within the context of global economic integration and sustainable development.

Keywords: ESG Ratings; Yangtze River Delta; Regional Economic Growth (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-598-0_10

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DOI: 10.2991/978-94-6463-598-0_10

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