An Empirical Study on the Impact of ESG on Business Value
Under the background of developing green finance and promoting the achievement of dual carbon goals in China,ESG performance has become an important non-financial evaluation factor,and its impact on business value has also received much attention.This paper takes the data of A-share listed companies in China from 2016 to 2023 as a sample.The result of empirical analysis shows that good ESG performance can increase business value,but the degree of this enhancement effect will be affected by the property rights and performance level.In addition,it is proved that financing constraints play a partial mediation role in the value enhancement effect of ESG.According to these conclusions,the paper puts forward some professional suggestions for business valuation.
NETL
NSTL
万方数据
