The Relationship Between Environmental, Social, and Governance (ESG) Disclosures and Firm Financial Performance: Evidence from Publicly Listed Companies
環境・社会・ガバナンス（ESG）開示と企業財務パフォーマンスの関係：上場企業からのエビデンス (AI 翻訳)
Yihang Luo
🤖 gxceed AI 要約
日本語
本研究は、中国の上場企業におけるESG開示と財務パフォーマンスの関係を分析。環境・社会面の開示が充実している企業ほど、ROA、ROE、Tobin's Qなどの指標で良好な業績を示すことを実証。ESG開示が投資家の信頼向上と長期的な企業価値向上に寄与することを示唆。
English
This study examines the relationship between ESG disclosures and financial performance of publicly listed companies in China. Using ROA, ROE, and Tobin's Q, it finds that firms with stronger environmental and social disclosures tend to have better profitability and market valuation. The findings support the business case for ESG reporting in emerging markets.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準の策定が進む中、ESG開示と企業価値の関連性を示す本研究成果は、国内企業の開示実務や投資家対応に示唆を与える。ただし中国市場特有の制度要因に留意が必要。
In the global GX context
As global ESG disclosure mandates expand (ISSB, CSRD, SEC), this study provides empirical evidence from China linking ESG reporting to financial performance, reinforcing the business case for mandatory disclosure. It adds to the literature on ESG-financial performance nexus in emerging markets.
👥 読者別の含意
🔬研究者:Provides empirical evidence on ESG-financial performance link in China, useful for comparative studies across emerging markets.
🏢実務担当者:Highlights potential financial benefits of comprehensive ESG disclosure, supporting corporate strategy for sustainability reporting.
🏛政策担当者:Offers evidence that ESG disclosure can enhance market valuation, informing regulatory design for mandatory reporting frameworks.
📄 Abstract（原文）
With increasing global focus on sustainability and corporate responsibility, the demand for comprehensive Environmental, Social, and Governance (ESG) disclosures has grown significantly. This research explores the relationship between ESG (Environmental, Social, and Governance) disclosures and the financial performance of publicly traded companies in China. Utilizing both descriptive and inferential statistical techniques, we assess key financial indicators, including Return on Assets (ROA), Return on Equity (ROE), and Tobin’s Q, to investigate the influence of ESG reporting on financial outcomes. The research demonstrates that that firms with greater ESG disclosure, particularly in environmental and social aspects, generally experience improved profitability and enhanced investor trust. Additionally, the study highlights that comprehensive ESG reporting can increase market valuation, supporting long-term financial success. The research provides essential insights about ESG practices in China's emerging market as it presents practical recommendations for business leaders and policymakers and investors.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.62051/ijgem.v8n3.16first seen 2026-05-05 19:08:18
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