A Forward-Looking Study of ESG System Development from The Perspective of Economic and Commercial Theory
DOI:
https://doi.org/10.54097/hset.v22i.3287Keywords:
ESG, Socially responsible investment, Sustainable development theory, Economic externality theory, Corporate social responsibility theory, Stakeholder theory.Abstract
With the gradual deepening of ethical investment and socially responsible investment and the proposal of sustainable development theory in the new era, ESG investment is developing increasingly. The research found that ESG evaluation is of great significance for the sustainable development of enterprises, and in 2019, 2020, 2021, the ESG information disclosure rate of Chinese listed companies were 25.54%, 25.69% and 30.19%, respectively. The letter rate increased year by year, indicating that China's attention to ESG is gradually increasing. This paper holds that while paying attention to the development and influence of ESG, it is necessary to sort out its theoretical basis and core ideas, and holds that the theory of sustainable development, the theory of economic externality, the theory of corporate social responsibility and the theory of stakeholders are the theoretical basis for the development of ESG.
Downloads
References
Cornell B. ESG preferences, risk and return [J]. European Financial Management, 2021, 27(1): 12-19.
Giacomelli A. Mark to Target Information: idiosyncratic forward-looking information and its use to define primary ESG indicators [R]. 2022.
Li T T, Wang K, Sueyoshi T, et al. ESG: Research progress and future prospects [J]. Sustainability, 2021, 13(21): 11663.
Gao Ying. Enterprise Accounting Cost Accounting Problems and Countermeasures [J]. Modern Economic Information, 2019(18): 257.
Huang Shizhong. Three Theoretical Pillars to Support ESG [J]. Accounting Monthly, 2021(19): 3-10.
Liu Jinshuo. Pain points and countermeasures of ESG investment in China [J]. Financial Expo (Fortune), 2022(02): 44-45.
United Nations. Transforming Our World: The 2030 Agenda for Sustainable Development [J]. UN Report, 2015.
Jonsdottir G E, Sigurjonsson T O, Alavi A R, et al. Applying responsible ownership to advance SDGs and the ESG framework, resulting in the issuance of green bonds [J]. Sustainability, 2021, 13(13): 7331.
Mayer, C. Firm Commitment; Oxford University Press: Oxford, UK, 2013.
Mayer, C. Prosperity; Oxford University Press: Oxford [J], UK, 2018.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
