The Impact of ESG Performance on Corporate Value in Energy Companies

DOI

10.2991/978-94-6463-742-7_48How to use a DOI?

Keywords

Energy companies; ESG performance; Corporate value; Green technology innovation

Abstract

This study employs a two-way fixed effects model to systematically investigate the impact mechanisms and heterogeneity characteristics of ESG performance on corporate value among Chinese A-share energy-sector listed firms (2009–2022). The results demonstrate that energy enterprises’ ESG performance exerts a significant positive influence on corporate value. Mechanism analysis reveals that ESG-driven value enhancement is mediated through green technology innovation, which improves energy efficiency and market competitiveness. Heterogeneity tests indicate stronger ESG valuation effects in non-SOEs and renewable energy firms. These findings elucidate the value creation logic of ESG practices in energy industries, providing empirical evidence to inform policy formulation for green energy transitions and the establishment of a China-specific ESG evaluation framework.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Haodong Tang
PY  - 2025
DA  - 2025/05/31
TI  - The Impact of ESG Performance on Corporate Value in Energy Companies
BT  - Proceedings of the 2025 4th International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2025)
PB  - Atlantis Press
SP  - 500
EP  - 511
SN  - 1951-6851
UR  - https://doi.org/10.2991/978-94-6463-742-7_48
DO  - 10.2991/978-94-6463-742-7_48
ID  - Tang2025
ER  -