Literature review on the impact of corporate ESG performance on corporate value

Zixuan Wang; Zhongye Sun; Brian Sheng-Xian Teo

doi:10.54097/jid.v2i2.5900

Authors

Zixuan Wang
Zhongye Sun
Brian Sheng-Xian Teo

DOI:

https://doi.org/10.54097/jid.v2i2.5900

Keywords:

ESG performance, Corporate social responsibility, Company value, Literature review

Abstract

This paper sorts out the relevant research on the impact of corporate ESG performance on corporate value by domestic and foreign scholars in recent years through a literature review, and finds that scholars have studied the channels and effects of corporate ESG performance on corporate value from both qualitative and quantitative aspects, and respectively Combined with the factors of heavily polluting industries, internal corporate governance and market feedback effects, these research results not only provide a theoretical basis for improving corporate ESG construction and development, but also provide ESG investors with a decision to optimize their investment portfolios further accordingly. However, only some research papers analyze the reasons and limiting conditions for the insignificant impact of corporate ESG performance on corporate value. More in-depth research will be required on the limiting conditions of the current ESG role and quantitative corporate ESG performance standards.

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