Empirical Analysis of the ESG and Financial Performance: Evidence from Chinese Technology Enterprises

To date, the concept of sustainable development has gained global attention from companies and investors. One important reason for this is the increasing interest of investors in incorporating environmental, social, and governance (ESG) elements into their investments. The purpose of this dissertation is to analyze the correlation between ESG factor performance and corporate financial performance in Chinese technology enterprises. Additionally, the study focuses on Internet and medical technology companies to ensure relevance. The findings of the study provide guidance on ESG investment and sustainability for both companies and individual investors.

References

Agarwala N, Chaudhary RD, 2021, ‘Made in China 2025’: Poised for Success? India Quarterly, 77(3): 424–461. https://doi.org/10.1177/09749284211027250

Faccia A, Manni F, Capitanio F, 2021, Mandatory ESG Reporting and XBRL Taxonomies Combination: ESG Ratings and Income Statement, a Sustainable Value-Added Disclosure. Sustainability, 13(16): 8876. https://doi.org/10.3390/su13168876

Fu C, Min W, 2022, Research on the Control Path and Countermeasures of Net CO2 Emissions in Central China – Represented by Jiangxi Province. Environmental Technology, 44(25): 3867–3882. https://doi.org/10.1080/09593330.2022.2075795

Gao Y, Han KS, 2020, Managerial Overconfidence, CSR and Firm Value. Asia-Pacific Journal of Accounting & Economics, 29(6): 1600–1618. https://doi.org/10.1080/16081625.2020.1830558

Gregory RP, Stead JG, Stead E, 2020, The Global Pricing of Environmental, Social, and Governance (ESG) Criteria. Journal of Sustainable Finance & Investment, 11(4): 310–329. https://doi.org/10.1080/20430795.2020.1731786

Harrison VS, 2021, Does Your Corporation “Care”? Exploring An Ethical Standard for Communicating CSR Relationships Online. Public Relations Inquiry, 10(3): 333–356. https://doi.org/10.1177/2046147X211032913

He C, Lu J, Qian H, 2019, Entrepreneurship in China. Small Bus Econ, 52: 563–572. https://doi.org/10.1007/s11187-017-9972-5

Hang Seng Indexes, 2022, Hang Seng Internet & Information Technology Index, viewed August 6, 2022, https://www.hsi.com.hk/eng/indexes/all-indexes/hsiii

Hwang J, Kim H, Jung D, 2021, The Effect of ESG Activities on Financial Performance during the COVID-19 Pandemic—Evidence from Korea. Sustainability, 13(20): 11362. https://doi.org/10.3390/su132011362

International Monetary Fund (2020) World Economic Outlook, October 2020: A Long and Difficult Ascent, viewed August 6, 2022, https://www.imf.org/en/Publications/WEO/Issues/2020/09/30/world-economic-outlook-october-2020

Kabir MA, Chowdhury SS, 2022, Empirical Analysis of the Corporate Social Responsibility and Financial Performance Causal Nexus: Evidence from the Banking Sector of Bangladesh. Asia Pacific Management Review, 28(1): 1–12. https://doi.org/10.1016/j.apmrv.2022.01.003

Khalid F, Sun J, Huang G, et al., 2021, Environmental, Social and Governance Performance of Chinese Multinationals: A Comparison of State- and Non-State-Owned Enterprises. Sustainability, 13(7): 4020. https://doi.org/10.3390/su13074020

Khan SN, Loukil F, Ghedira-Guegan C, et al., 2021, Blockchain Smart Contracts: Applications, Challenges, and Future Trends. Peer-to-Peer Netw Appl, 14: 2901–2925. https://doi.org/10.1007/s12083-021-01127-0

Kim M, Yin X, Lee G, 2020, The Effect of CSR on Corporate Image, Customer Citizenship Behaviors, and Customers’ Long-Term Relationship Orientation. International Journal of Hospitality Management, 88: 102520. https://doi.org/10.1016/j.ijhm.2020.102520

Leonelli S, Lovell R, Wheeler BW, et al., 2021, From FAIR Data to Fair Data Use: Methodological Data Fairness in Health-Related Social Media Research. Big Data & Society, 8(1). https://doi.org/10.1177/20539517211010310

Previous article in this issue

Next article in this issue