Analysis of Corporate ESG Performance Impact:A Literature Review Based on Enterprise Value,Financing Costs,and Financial Performance
With the global focus on environmental protection,green transformation,and sustainable de-velopment,corporate ESG performance has emerged as a crucial indicator for assessing comprehensive strength and development potential.By reviewing both domestic and international literature on the effects of ESG performance on enterprise value,financing costs,and financial performance,most studies sug-gest that strong ESG performance can mitigate corporate risk and bolster stakeholder confidence by fos-tering a positive corporate image and reputation.This,in turn,enhances market value,reduces financ-ing costs,and improves financial performance.Such outcomes not only benefit the enterprise itself but also enhance its competitiveness in the capital market and support sustainable development.Neverthe-less,existing literature still necessitates further exploration in areas such as ESG policies,rating sys-tems,industry variations,and internal corporate development differences.Future research can be con-ducted in-depth by combining these aspects with China's national conditions to promote corporate green sustainable development.