SHS Web Conf.
Volume 154, 20232022 International Conference on Public Service, Economic Management and Sustainable Development (PESD 2022)
|Number of page(s)
|2. Economic Management and Production Development Planning
|11 January 2023
The impact of ESG information disclosure quality on firm value
1 Northeast Normal University, School of Economics and Management, 130000 Changchun, China
2 Northeastern University, School of Business Administration Northeastern University, 110169 Shenyang, China
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 ESG information disclosure quality and firm value. The study had concluded that the ESG quality is positively correlated with firm value. Although the impact of environment (E) and society (S) on firm value is greater than that of governance (G), the improvement of ESG split indicators will increase firm value. Finally, this paper had put forward suggestions for the firms and the government respectively.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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