Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)

<Previous Article In Volume
Next Article In Volume>

The Impact of ESG Disclosures on Corporate Financial Performance

Authors
Yiyun Zhang1, *
1Business School, The University of Sydney, Sydney, NSW, 2050, Australia
*Corresponding author. Email: z5372796@ad.unsw.edu.au
Corresponding Author
Yiyun Zhang
Available Online 24 February 2025.
DOI
10.2991/978-94-6463-652-9_21How to use a DOI?
Keywords
ESG Disclosure; Financial Performance; Ping An
Abstract

The policy orientation of ESG development underscores the importance of listed companies standardizing their ESG disclosures. Actively disclosing ESG information can not only enhance internal operational efficiency but also foster business expansion and drive innovation. By making their ESG practices transparent, companies may optimize resource allocation and streamline processes. Externally, improved public trust is largely attributed to an enhanced corporate reputation. This strengthened reputation, in turn, attracts more investors and promotes long-term, stable financial performance by signaling a commitment to sustainable practices. Using financial data from Ping An, this paper further analyzes the influence of ESG disclosure on corporate financial performance. The study’s key findings are as follows: (1) ESG disclosure has a modest positive impact on profitability indicators, although the effect remains limited. (2) ESG-driven sustainability transformations have a minimal impact on Ping An’s solvency indicators, indicating stability in that regard. (3) ESG disclosure significantly enhances the accounts receivable turnover ratio and operating cycle. However, in the short term, total asset turnover is negatively influenced by ESG practices, showing a slight downward trend as companies adapt.

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.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
24 February 2025
ISBN
978-94-6463-652-9
ISSN
2352-5428
DOI
10.2991/978-94-6463-652-9_21How to use a DOI?
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.

Cite this article

risenwbib
TY  - CONF
AU  - Yiyun Zhang
PY  - 2025
DA  - 2025/02/24
TI  - The Impact of ESG Disclosures on Corporate Financial Performance
BT  - Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024)
PB  - Atlantis Press
SP  - 199
EP  - 207
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-652-9_21
DO  - 10.2991/978-94-6463-652-9_21
ID  - Zhang2025
ER  -