An Empirical Study on the Impact of ESG Rating on the Accounting Information Quality of Listed Companies

Abstract

In society, negative news like financial fraud and false accounting information disclosure will keep emerging. As the economic situation grows increasingly severe, many people are driven to falsify accounting information out of necessity, making the importance of high-quality accounting information even more obvious. In previous academic research, numerous studies have focused on how government regulatory systems and internal management structures affect accounting information quality. Experts and scholars aim to help enterprises better enhance accounting information quality and enable the public to roughly quantify listed companies’ accounting information quality through accessible information, thereby playing a supervisory role. Thus, based on prior studies, this research intends to explore whether there are other effective factors that significantly influence accounting information quality. We take ESG ratings as the explanatory variable and internal control as the mediating variable to examine their impact on accounting information quality; meanwhile, the mediating effect is quantitatively analyzed via the traditional three-step method.