Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)

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ESG and Financial Performance: A Case Study of Healthcare Companies in Hong Kong

Authors
Youyou Jian1, *
1School of Accounting, Tianjin University of Commercial, Tianjin, 300134, China
*Corresponding author. Email: jianyouyou@stumail.tjcu.edu.cn
Corresponding Author
Youyou Jian
Available Online 14 August 2025.
DOI
10.2991/978-94-6463-811-0_8How to use a DOI?
Keywords
Healthcare; ESG; Financial Performance; HongKong; OLS
Abstract

By February 2025, Hong Kong’s healthcare sector will be faced with multifaceted challenges. It has to align technological progress, such as AI diagnostics, with demographic changes, including a projected 30% elderly population by 2030, all while adhering to strict ESG mandates. The Hang Seng Healthcare Index(HSHCI, P/E 34.96x)reveals market skepticism about short-term gains, despite the sector’s long-term reliance on ESG integration. This empirical study uses 2022-2023 data to explore the under-researched correlation between ESG adherence and total assets among 76 biotech and medical service firms, addressing critical knowledge gaps in sustainable profitability metrics. In our analysis, this survey applies OLS regression to examine the relation between ESG scores and financial performance. The dataset consists of 123 valid samples, with ESG ratings sourced from the WIND database and financial performance data from East Money Choice. The results indicate that higher ESG scores have a positive impact on financial performance, while the effect of gross margins is comparatively negative. This study offers new evidence for the healthcare industry, particularly for small and medium-sized enterprises in Hong Kong, providing insights into decision-making for accelerating green and low-carbon transitions.

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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Volume Title
Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
14 August 2025
ISBN
978-94-6463-811-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-811-0_8How 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  - Youyou Jian
PY  - 2025
DA  - 2025/08/14
TI  - ESG and Financial Performance: A Case Study of Healthcare Companies in Hong Kong
BT  - Proceedings of the 2025 5th International Conference on Enterprise Management and Economic Development (ICEMED 2025)
PB  - Atlantis Press
SP  - 68
EP  - 78
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-811-0_8
DO  - 10.2991/978-94-6463-811-0_8
ID  - Jian2025
ER  -