Theoretical Research on ESG Factors in Enterprise Value Assessment
In recent years,the ESG performance of enterprises has not only attracted the attention of investors but has also risen to the level of national policy.Actively exploring the impact of ESG performance on the asset valuation industry has become particularly important.During the year 2022-2023,the Shaanxi Province Asset Appraisal Association organized a research group to study the impact of ESG factors on enterprise value assessment.The research group first demonstrated that ESG factors have a positive impact on enterprise value.Under the premise of complying with Law of the People's Republic of China on Asset Appraisal and the Asset Valuation Standards,the team explored the effects of ESG factors on enterprise value assessment from both the income approach and market approach methodologies.Based on the theoretical research findings,the listed company Sofiya was taken as a case study,its ESG performance was integrated into the enterprise value assessment model to analyze the influence of Sofiya's ESG performance on its enterprise value assessment.In conclusion,the research provided recommendations for the asset appraisal association,practitioners in the field of asset appraisal,and asset appraisal organizations alike.
ESGAsset appraisal industryEnterprise valueTheory research
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