ESG performance and improvement of corporate accounting information quality

Ziyan Dai

doi:10.54097/k3wtnn35

Authors

Ziyan Dai

DOI:

https://doi.org/10.54097/k3wtnn35

Keywords:

ESG performance, accounting information quality, corporate reputation, Financing constraints, Nature of property rights, Type of industry.

Abstract

In recent years, the concept of ESG development has attracted increasing attention, and ESG performance has gradually become an important measurement dimension in the evaluation of sustainable development and long-term investment value of listed companies. The article examines the effect and mechanism of ESG performance on the quality of corporate accounting information using a sample of China's A-share listed companies in Shanghai and Shenzhen from 2009 to 2021. The study finds that corporate ESG performance is conducive to improving the quality of corporate accounting information, and that good corporate ESG performance can help alleviate corporate financing constraints, improve corporate reputation and thus improve the quality of corporate accounting information. In addition, the heterogeneity of the nature of enterprise ownership and industry type shows that ESG performance has a more obvious effect on the quality of accounting information for non-state-owned enterprises and enterprises in heavily polluted industries. The article reveals the relationship between ESG performance and the quality of corporate accounting information, which provides a reference for the subsequent research on the economic consequences of ESG performance, and has a certain revelation significance for promoting the high-quality development of Chinese enterprises.

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