IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-506-5_42.html

The Impact of Corporate ESG Fund Ownership on Financial Performance: A Shareholding Proportion Analysis

In: Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024)

Author

Listed:
  • Chunying Huang

    (Shandong University, School of Economics)

Abstract

As the concept of sustainable development gains widespread acceptance, Environmental, Social, and Governance (ESG) investing has gradually emerged as a dominant trend within the global investment landscape. This ascension is particularly notable in the Chinese market, where ESG funds have witnessed substantial expansion. This paper aims to investigate the relationship between ESG fund ownership and the financial performance of firms, offering insights pertinent to investment strategies in ESG funds. Focusing on A-share listed companies from 2018 to 2022, a two-factor fixed-effects model was employed for empirical analysis. The findings reveal a statistically significant positive correlation between the proportion of ESG fund holdings and firm’s financial performance. Further analysis uncovers that the positive influence of ESG fund ownership on financial performance is more pronounced in state-owned enterprises. Additionally, variations are noted in the impact of ESG fund holdings on financial performance in periods pre- and post-pandemic onset.

Suggested Citation

  • Chunying Huang, 2024. "The Impact of Corporate ESG Fund Ownership on Financial Performance: A Shareholding Proportion Analysis," Advances in Economics, Business and Management Research, in: Hongbing Cheng & Sikandar Ali Qalati & Noor Sharoja Binti Sapiei & Mazni Binti Abdullah (ed.), Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024), pages 382-391, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-506-5_42
    DOI: 10.2991/978-94-6463-506-5_42
    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:978-94-6463-506-5_42. 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.