IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6239-719-4_35.html

Research on the Impact of ESG Performance on Corporate Financial Performance

Author

Listed:
  • Fanyi Meng

    (Beijing Jiaotong University, School of Economics and Management)

Abstract

Under increasing global ecological pressure and social equity concerns, ESG has attracted widespread attention. Using Chinese A-share firms listed on the Shanghai and Shenzhen stock exchanges from 2009 to 2024, this study examines ESG performance’s impact on corporate financial performance. Results show a significant positive effect, robust to tests including variable substitution, lagging, quantile regression, PSM, and instrumental variables. Heterogeneity analysis reveals stronger effects in non-state-owned and low-debt enterprises. Mechanism tests indicate that ESG alleviates financing constraints, increases analyst attention, and reduces agency costs, thereby improving financial performance. The paper recommends that enterprises treat ESG as strategic investment, investors recognize its value-creation path, and regulators enhance ESG disclosure systems to promote sustainable development and efficient capital allocation.

Suggested Citation

  • Fanyi Meng, 2026. "Research on the Impact of ESG Performance on Corporate Financial Performance," Advances in Economics, Business and Management Research,, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-719-4_35
    DOI: 10.2991/978-94-6239-719-4_35
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6239-719-4_35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.