Research on Enterprise Value Evaluation under the Influence of ESG: Taking A-share Listed Companies as an Example

DOI: https://doi.org/10.62517/jmsd.202412340

Author(s)

Fan Xiao, Wei He *, Heyu Li

Affiliation(s)

College of Management, Zhongkai University of Agriculture and Engineering, Guangzhou, China *Corresponding Author.

Abstract

ESG research provides a framework for investors to evaluate a company's sustainability performance, guiding them to prefer companies with strong ESG performance. Superior ESG performance enhances a company's reputation and gains the trust of customers, employees, and investors, giving the company a competitive edge. ESG research guides companies to develop sustainable strategies that focus on long-term benefits, achieving a balance between environmental protection and profitability. This paper focuses on the impact of ESG on enterprise value, offering a new perspective for investors and management. The study examines A-share listed companies from 2020 to 2022, using Tobin's Q to evaluate enterprise value and the ESG evaluation system to measure performance in environmental, social, and governance dimensions. It also considers control variables for data analysis. Based on the conclusions, the paper suggests strategies to improve corporate regulation, promoting healthier development.

Keywords

ESG; Listed Company; Enterprise Value

References

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