Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

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Empirical Research of ESG Performance and Firm Performance in Chinese Real Estate Companies

Authors
Xinyu Shao1, *
1Business School, Chinese University of Hongkong, Hong Kong, 999077, Hong Kong SAR, China
*Corresponding author. Email: 1155162829@link.cuhk.edu.hk
Corresponding Author
Xinyu Shao
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_116How to use a DOI?
Keywords
ESG; Firm performance; Real estate
Abstract

Taking the economic development and environmental protection as the starting point, the relationship between ESG performance and corporate financial performance is investigated empirically. This research analyzes the existing ESG research and puts forward the research hypotheses. In addition, ROE as well as Debt-to-asset ratio were adopted as the explanatory variables and ESG as the explanatory variables. This study used regression analysis to evaluate the annual reports of listed companies in China’s A-share real estate industry from 2018 to 2020 to empirically analyze the relationship between ESG performance and ROE and debt-to-asset ratio. The results of the study indicate that there is a significant positive relationship between ESG performance and ROE & debt-to-asset ratio. Based on the research results, and taking into account the current situation of enterprises in the real estate industry, this paper suggests that companies should strengthen the ESG information disclosure requirements for enterprises in the real estate industry; formulate corresponding ESG policies and continuously deepen the application of enterprise ESG management.

Copyright
© 2022 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 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-052-7_116
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_116How to use a DOI?
Copyright
© 2022 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  - Xinyu Shao
PY  - 2022
DA  - 2022/12/27
TI  - Empirical Research of ESG Performance and Firm Performance in Chinese Real Estate Companies
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 1036
EP  - 1044
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_116
DO  - 10.2991/978-94-6463-052-7_116
ID  - Shao2022
ER  -