Study on the Influence of New Energy Concept Stock Company ESG on Enterprise Value
With the proposal of the"double carbon"goal,it was reflected that the inherent requirements of the state for enterprises to establish sustainable development concepts and build high-quality development.Compared with traditional manufacturing enterprises,new energy concept stock companies have the characteristics of low energy consumption and less pollution,and have attracted more and more attention.Based on the data of 91 listed companies with new energy concept stocks from 2011 to 2021,the ESG score of listed companies released by Bloomberg database was used as the explanatory variable and Tobin's Q value as the explained variable to study the impact of ESG on enterprise value by regression model.The results showed that ESG had a positive impact on the enterprise value of new energy stock companies,which encouraged new energy concept stock companies to improve their ESG performance in the development process,so as to realize the value increase of enterprises.
万方数据
维普
