Proceedings of the 2024 6th International Conference on Economic Management and Model Engineering (ICEMME 2024)

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Corporate Financial Growth and ESG Behavior: Evidence from ESG Strategy, Comprehensiveness and ESG Report Quality

Authors
Mei Sun1, Bingxue Gong1, Yongchao Sun2, 3, *
1School of Business, Chengdu University, Chengdu, 610106, China
2Electronic Information and Electrical Engineering, Shanghai Jiao Tong University, Shanghai, 200240, China
3Southwest Branch of State Grid Corporation of China, Chengdu, 610095, China
*Corresponding author. Email: syc91@foxma.com
Corresponding Author
Yongchao Sun
Available Online 23 April 2025.
DOI
10.2991/978-94-6463-690-1_20How to use a DOI?
Keywords
Corporate Social Responsibility; ESG Investment; SRI Investment; Strategic Governance
Abstract

Conventional evaluation methods for ESG investment can effectively avoid risks and meet regulatory requirements. However, in recent years, questions regarding the investment-return rate of ESG investment have emerged with the rapid growth of Chinas ESG investments. It reviews the major changes and shifts in academic insights and business practices of CSR, as well as the developmental trend of Global ESG investment strategy. The article proposes three hypotheses and have them tested with regression analysis. The results show that the governance of corporate social responsibility and the ratio of return on total assets are positively correlated in both short and long run. The comprehensiveness of corporate social responsibility, the quality of CSR report and the ratio of return on total assets are not significantly correlated. Therefore, the governance of corporate social responsibility arguably the most stable and effective observational index for ESG investors to discover targets of growth. And the corporate needs to carry out its social responsibility strategically by focusing on its CSR strategies, governance, ESG risk prevention and containment, and communication with stakeholders. Lastly, the article also provides constructive advice for the improvement of ESG investment evaluation method.

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 2024 6th International Conference on Economic Management and Model Engineering (ICEMME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
23 April 2025
ISBN
978-94-6463-690-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-690-1_20How 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  - Mei Sun
AU  - Bingxue Gong
AU  - Yongchao Sun
PY  - 2025
DA  - 2025/04/23
TI  - Corporate Financial Growth and ESG Behavior: Evidence from ESG Strategy, Comprehensiveness and ESG Report Quality
BT  - Proceedings of the 2024 6th International Conference on Economic Management and Model Engineering (ICEMME 2024)
PB  - Atlantis Press
SP  - 200
EP  - 213
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-690-1_20
DO  - 10.2991/978-94-6463-690-1_20
ID  - Sun2025
ER  -