Research Article
The Empirical Study of ESG Performance on Listed Firms' Financial Performance — From Innovative Behavior's Mediating Role
@INPROCEEDINGS{10.4108/eai.24-5-2024.2350209, author={Qiao Zhang and Jiancong Chang}, title={The Empirical Study of ESG Performance on Listed Firms' Financial Performance --- From Innovative Behavior's Mediating Role}, proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China}, publisher={EAI}, proceedings_a={MSEA}, year={2024}, month={10}, keywords={esg performance financial performance innovative behavior mediating effect}, doi={10.4108/eai.24-5-2024.2350209} }- Qiao Zhang
Jiancong Chang
Year: 2024
The Empirical Study of ESG Performance on Listed Firms' Financial Performance — From Innovative Behavior's Mediating Role
MSEA
EAI
DOI: 10.4108/eai.24-5-2024.2350209
Abstract
As China transitions from rapid growth to prioritized quality development, sustaina-bility has emerged as a pivotal factor. Environmental, Social, and Governance (ESG) performance has become a vital benchmark for assessing a company's sustainability. This study, drawing from data spanning 2009 to 2022, conducts an empirical analysis to explore the impact of ESG on corporate performance, particularly the intervening role of innovation. The findings reveal a positive association between ESG practices and financial performance, with innovation serving as a catalyst in this relationship.
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