articleBusiness Strategy and the EnvironmentApr 12, 2022HYBRID OA

Sustainable development, ESG performance and company market value: Mediating effect of financial performance

GZGuangyou ZhouLLLian LiuSLSumei Luo

Fudan University · Shanghai University of Finance and Economics

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Abstract

Abstract At present, more and more attention is paid to the sustainable development of enterprises. In particular, in the context of frequent financial crises and COVID‐19 pandemic, how the performance of listed companies' environmental, social, and governance (ESG) affects the company's market value has attracted widespread attention. Different from existing studies, this paper takes financial performance as a mediating variable and constructs linear regression model and mediating effect model based on analyzing the relationship between ESG performance, financial performance, and company market value and their influencing mechanism. The ESG rating data of Chinese listed companies newly developed by SynTao…

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Topics
Keywords
  • Business
  • Corporate governance
  • Context (archaeology)
  • Corporate social responsibility
  • Value (mathematics)
  • Market value
  • Accounting
  • Finance
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