ESG Performance and Corporate Profitability: An Empirical Analysis of A-share Listed Companies

DOI

10.2991/978-94-6463-702-1_8How to use a DOI?

Keywords

ESG Rating; Profitability; Financing Constraints

Abstract

According to the annual information of China’s A-share listed companies from 2013 to 2023, this study analyzes impact of ESG rating on the companies’ profitability. The empirical results indicate that enhancing ESG performance can positively impact the company’s profitability. ESG performance indirectly improves corporate profitability by reducing financing constraints. The type of enterprise ownership has an impact on how ESG performance relates to corporate profitability. For non-state-owned enterprises, ESG ratings can positively affect a company’s profitability.

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  - Yang Yang
PY  - 2025
DA  - 2025/05/05
TI  - ESG Performance and Corporate Profitability: An Empirical Analysis of A-share Listed Companies
BT  - Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
PB  - Atlantis Press
SP  - 72
EP  - 81
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-702-1_8
DO  - 10.2991/978-94-6463-702-1_8
ID  - Yang2025
ER  -