| Issue |
SHS Web Conf.
Volume 225, 2025
2025 3rd International Conference on Financial Management and the Digital Economy (ICFMDE 2025)
|
|
|---|---|---|
| Article Number | 01033 | |
| Number of page(s) | 6 | |
| Section | Digital Economics & Behavior | |
| DOI | https://doi.org/10.1051/shsconf/202522501033 | |
| Published online | 13 November 2025 | |
Research on the Impact of Corporate Environmental, Social, and Corporate Governance Scores on Cash Dividend Distribution
School of Accounting, Central University of Finance and Economics, Beijing, China
* Corresponding author: fy15010913765@outlook.com
In recent years, environment, society, and governance (ESG) related research has covered hot areas such as social responsibility, investment, and corporate governance. Cash dividend distribution, as an important way of returning to investors, reflects the fulfillment of corporate ESG responsibilities to a certain extent and promotes the sound development of enterprises. This paper explores the impact of ESG scores of A-share listed companies in the passenger car industry on cash dividend distribution from 2020 to 2023. Companies with cash dividends of 0 are excluded, and Huazheng ESG rating is used. Profitability, growth ability, cash holdings, management shareholding ratio and independent director ratio are used as control variables. Finally, 20 samples are obtained. The data comes from the CNRDS platform and corporate financial reports. Due to the small sample size, short time span, industry selection bias, incomplete data disclosure and other reasons, only the management shareholding ratio has a significant impact on the cash dividend distribution, and other variables are not significant.
© The Authors, published by EDP Sciences, 2025
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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