The impact of ESG performance and financing constraints on firm value in the food manufacturing industry
Environmental,social and governance(ESG)factors have become increasingly important in enterprise e-valuation and investment decisions.Taking Shanghai-Shenzhen A-share food manufacturing companies from 2019 to 2023 as samples,this paper explores the impact of ESG performance and financing constraints on enterprise val-ue.The results show that ESG performance has a significant positive impact on firm value,and further enhances firm value by easing financing constraints.ESG has a potential role in promoting corporate social responsibility,sustain-able development and reducing financing costs,and ESG performance is closely related to the long-term sustain-able development of the food manufacturing industry.This study can provide empirical basis for food enterprises to improve market competitiveness by optimizing ESG performance,and also provide theoretical support for policy mak-ing.
ESG performancefinancing constraintsenterprise valuefood manufacturing industry
万方数据
维普
