Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025)

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Synergistic Effects and Financial Impact of ESG Dimensions: Evidence from Chinese A-Share Companies

Authors
Xinyue Wang1, *
1School of Management, Guangxi Minzu University, Nanning, 530006, China
*Corresponding author. Email: 973749306@qq.com
Corresponding Author
Xinyue Wang
Available Online 3 December 2025.
DOI
10.2991/978-94-6463-888-2_51How to use a DOI?
Keywords
ESG Rating Score; Financial Performance; Enterprise Nature; Synergies
Abstract

With the widespread dissemination and deep penetration of the concept of sustainable development, Environmental, Social, and Governance (ESG), as an important framework for measuring a company’s sustainable development performance, profoundly influences its strategic and operational decisions. This study focuses on the impact of ESG rating scores on the financial performance of enterprises, and explores the mechanism of the synergy among the three dimensions of ESG. The research finds that ESG rating scores have a significant positive impact on the financial performance of enterprises, and this effect is universally applicable across different types of enterprises. Furthermore, a synergistic interaction exists among the ESG dimensions, primarily driven by the integration of the social and corporate governance dimensions. This achievement provides important empirical evidence for Chinese enterprises to optimize their ESG practice paths and inform governmental policy improvements. It also offers fresh perspectives and insights for the academic community to further explore the intricate interrelationships among the various ESG dimensions.

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 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
3 December 2025
ISBN
978-94-6463-888-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-888-2_51How 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  - Xinyue Wang
PY  - 2025
DA  - 2025/12/03
TI  - Synergistic Effects and Financial Impact of ESG Dimensions: Evidence from Chinese A-Share Companies
BT  - Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025)
PB  - Atlantis Press
SP  - 519
EP  - 532
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-888-2_51
DO  - 10.2991/978-94-6463-888-2_51
ID  - Wang2025
ER  -