Research Article
ESG Performance and Corporate Risk -- Based on Chinese Listed Companies
@INPROCEEDINGS{10.4108/eai.29-3-2024.2347414, author={Xupeng Wang and Liang Liu and Yunqi Jia}, title={ESG Performance and Corporate Risk -- Based on Chinese Listed Companies}, proceedings={Proceedings of the 3rd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2024, March 29--31, 2024, Wuhan, China}, publisher={EAI}, proceedings_a={ICBBEM}, year={2024}, month={6}, keywords={esg performance enterprise risk information transparency agency cost}, doi={10.4108/eai.29-3-2024.2347414} }
- Xupeng Wang
Liang Liu
Yunqi Jia
Year: 2024
ESG Performance and Corporate Risk -- Based on Chinese Listed Companies
ICBBEM
EAI
DOI: 10.4108/eai.29-3-2024.2347414
Abstract
Based on 4829 A-share listed companies from 2009 to 2022, this study empirically examines the impact of corporate ESG performance on corporate risk. The results show that improving enterprise ESG performance can significantly reduce enterprise risk. Mechanism analysis shows that ESG performance can improve corporate performance, increase corporate information transparency and reduce agency costs, thus reducing corporate risks.
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