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ESG and Financial Performance: A Case Study of Healthcare Companies in Hong Kong

In: Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)

Author

Listed:
  • Youyou Jian

    (Tianjin University of Commercial, School of Accounting)

Abstract

By February 2025, Hong Kong’s healthcare sector will be faced with multifaceted challenges. It has to align technological progress, such as AI diagnostics, with demographic changes, including a projected 30% elderly population by 2030, all while adhering to strict ESG mandates. The Hang Seng Healthcare Index(HSHCI, P/E 34.96x)reveals market skepticism about short-term gains, despite the sector’s long-term reliance on ESG integration. This empirical study uses 2022-2023 data to explore the under-researched correlation between ESG adherence and total assets among 76 biotech and medical service firms, addressing critical knowledge gaps in sustainable profitability metrics. In our analysis, this survey applies OLS regression to examine the relation between ESG scores and financial performance. The dataset consists of 123 valid samples, with ESG ratings sourced from the WIND database and financial performance data from East Money Choice. The results indicate that higher ESG scores have a positive impact on financial performance, while the effect of gross margins is comparatively negative. This study offers new evidence for the healthcare industry, particularly for small and medium-sized enterprises in Hong Kong, providing insights into decision-making for accelerating green and low-carbon transitions.

Suggested Citation

  • Youyou Jian, 2025. "ESG and Financial Performance: A Case Study of Healthcare Companies in Hong Kong," Advances in Economics, Business and Management Research, in: Prasad Siba Borah & Norhayati Zakuan & Nazimah Hussin & Azlina Binti Md Yassin (ed.), Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025), pages 68-78, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-811-0_8
    DOI: 10.2991/978-94-6463-811-0_8
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