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Medientyp:
E-Artikel
Titel:
The impact of ESG information disclosure quality on firm value
Beteiligte:
Li, Jiaying;
Li, Wenjia;
Chen, Shu
Erschienen:
EDP Sciences, 2023
Erschienen in:SHS Web of Conferences
Sprache:
Nicht zu entscheiden
DOI:
10.1051/shsconf/202315402001
ISSN:
2261-2424
Entstehung:
Anmerkungen:
Beschreibung:
<jats:p>With green development advocated globally, China has firstly proposed a goal of carbon neutrality and carbon peak. Based on sustainable development theory, signal transmission theory, information asymmetry theory and stakeholder theory, this paper had used the data of 638 A-share listed companies in China from 2018 to 2020 to empirically analysed the relationship between <jats:italic>ESG</jats:italic> information disclosure quality and firm value. The study had concluded that the <jats:italic>ESG</jats:italic> quality is positively correlated with firm value. Although the impact of environment (<jats:italic>E</jats:italic>) and society (<jats:italic>S</jats:italic>) on firm value is greater than that of governance (<jats:italic>G</jats:italic>), the improvement of <jats:italic>ESG</jats:italic> split indicators will increase firm value. Finally, this paper had put forward suggestions for the firms and the government respectively.</jats:p>