Study on the Influence of ESG Information Disclosure Level on Enterprise Value of Energy Enterprises

Zixin Ling ()
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Zixin Ling: Xiamen University of Technology, School of International Education

A chapter in Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), 2024, pp 278-284 from Springer

Abstract: Abstract This paper selects 105 energy industry companies listed on the main board of A-shares in Shenzhen and Shanghai during the period of 2018-2022 as a sample, and empirically examines the impact of ESG disclosure level on the enterprise value of energy companies based on the stakeholder theory and using the TobinQ model. The results show that the level of ESG disclosure is significantly and positively related to corporate value, and good ESG performance can increase the corporate value of listed companies. The above results are robust and based on stakeholder theory, provide empirical evidence for stakeholder participation in cooperation, innovative development of enterprises and policy regulation.

Keywords: energy sector; ESG performance; enterprise value; disclosure (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_28

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DOI: 10.2991/978-94-6463-598-0_28

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