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ESG Trends and Investment Feasibility based on Real Estate Companies

In: Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023)

Author

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  • Zhiyu Liang

    (Hong Kong Shue Yan University, Department of Economics and Finance)

Abstract

This paper conducts a study based on the development of Chinese real estate in recent years and the initial application of ESG ratings in China. The objective is to find whether the performance of real estate companies was correlated with ESG ratings. This paper adopts a quantitative research approach, using ESG ratings of Chinese A-share listed real estate companies and annual financial statements for analysis. Also, a linear regression analysis was conducted to obtain the coefficients. The results of the study showed that only the debt-asset ratio of the company, as well as the operating gross margin had a linear and negative relationship with ESG rating. This result may be due to the fact that Chinese real estate was very restricted by policies in the previous years, although it is said that there will be an emergence of easing policies in 2021 but because the real estate industry was not optimistic in the previous years. As a result, consumers no longer have the same enthusiasm for real estate investing that they previously did. On the other hand, they are spectators.

Suggested Citation

  • Zhiyu Liang, 2024. "ESG Trends and Investment Feasibility based on Real Estate Companies," Advances in Economics, Business and Management Research, in: Peng Dou & Keying Zhang (ed.), Proceedings of the 2023 International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2023), pages 844-854, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-441-9_71
    DOI: 10.2991/978-94-6463-441-9_71
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