Advances in Economics, Management and Political Sciences
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Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 74 , 17 April 2024
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The Impact of ESG Performance of Energy Enterprises on Stock Value
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Abstract
ESG, as an increasingly important evaluation indicator for today's enterprises, is being widely used. This article aims to study the relationship between ESG performance in the energy industry and stock value. This article takes the data of energy companies listed in the Shanghai and Shenzhen A-share markets from 2015 to 2022 as samples, controls for two variables: energy type and industry profitability, and uses the P/E ratio estimation method for analysis. Research has found that energy companies with environmental friendliness, high social reputation, and good management practices have higher stock prices, making them more likely to be favored by investors. The relevant research in this article can effectively help investors optimize their decision-making by analyzing the ESG situation when choosing the energy industry. At the same time, this study can provide some development insights for new and traditional energy enterprises.
Keywords
ESG rating, stock pricing, sustainability, energy industry
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-371-5
- ISBN (Online)
- 978-1-83558-372-2
- Published Date
- 17 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/74/20241529
- Copyright
- 17 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited