| Issue |
SHS Web Conf.
Volume 169, 2023
4th International Symposium on Frontiers of Economics and Management Science (FEMS 2023)
|
|
|---|---|---|
| Article Number | 01064 | |
| Number of page(s) | 4 | |
| DOI | https://doi.org/10.1051/shsconf/202316901064 | |
| Published online | 29 May 2023 | |
ESG and Corporate Performance: A Review
Shanghai Guanghua International School, Shanghai 201319, China
* Corresponding author: tinazhanshuyuan@163.com
ESG is becoming increasingly important topic in corporate finance literature. In addition to developed countries, emerging market economies have also increased their attention on ESG in recent years. The number of papers on ESG published by finance and accounting journals skyrocketed. The effect of ESG on corporate performance is uncertain. This paper provides implications for investors, ESG can build up reputation, transmit positive signals, and investors react positively to socially responsible firms, increasing corporate performance. On the other hand, according to the agency theory, more ESG involvements may reflect managerial opportunism, which negatively affects corporate innovation. This paper aims to provide a synthetic and evaluation monograph of literature that examines the relationship between ESG and corporate performance.
Key words: ESG / Corporate Performance / Stakeholder Theory
© 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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