Author(s)

Menghan Wang ¹

Affiliation(s)

¹ International School, Huaqiao University, Quanzhou, Fujian, 362021, China

Corresponding Author

Menghan Wang

ABSTRACT

With the continuous development of China's economy and society and the gradual diversification of investors' investment methods, ESG information disclosure gradually occupies an important position in the development of companies and can measure whether listed companies have a sense of social responsibility, and is also an important indicator for investors and the capital market to measure the future development and overall value of enterprises. However, whether ESG data and corporate performance after rating with certain criteria can be both is still an important issue for listed companies. This study uses qualitative comparative analysis to investigate the combination of conditions that lead to high return on assets. Return on Assets is used as the outcome variable, and Environmental Indicators, Social Indicators, Corporate Governance Indicators and Comprehensive Indicators are used as the antecedent variables. The thesis mainly explore the logical relationships among the variables and the combinations of conditions that affect the outcome variables. Fuzzy-sets qualitative comparative analysis is performed using fsQCA 3.0 software, and the analysis content includes variable calibration, construction of truth tables, analysis of necessary conditions for antecedent conditions, and analysis of sufficient conditions for group effects.

KEYWORDS

ESG disclosure; listed companies; corporate development; corporate performance

CITE THIS PAPER

Menghan Wang, The Impact of ESG Pillars on Corporate Performance—Empirical Evidence from "Top 100 ESG Listed Companies" in China. Financial Engineering and Risk Management (2023) Vol. 6: 83-92. DOI: http://dx.doi.org/10.23977/ferm.2023.060610.

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