上市公司ESG信息披露与企业绩效研究——基于2010~2020年A股上市公司数据

Research on ESG Information Disclosure and Corporate Performance of Listed Companies —Based on Data of A-Share Listed Companies from 2010 to 2020

摘要: 结合上市公司ESG评级发展现状，说明ESG信息披露是可持续发展的重要判断标准，其信息披露对上市公司绩效的表现具有重要影响，并分析ESG信息披露与企业绩效表现之间的关系对我国经济发展与企业进步之间的关系。本文结合企业ESG信息披露结果，将2010~2020年A股上市公司为研究样本，选择华证机构评级得分来衡量企业ESG效果，利用2010~2020年A股上市公司企业财务数据分析其盈利能力、营运能力、偿债能力，说明ESG信息披露对企业财务绩效的影响路径与表现，最后通过研究得出ESG信息披露对企业绩效表现存在正向影响。同时说明由于ESG信息披露与企业绩效的结合在我国发展仍处于发展阶段，存在许多不足与缺陷，存在改进空间。

Abstract: Based on the current situation of ESG rating development of listed companies, this paper explains that ESG information disclosure is an important criterion for sustainable development, and its information disclosure has a significant impact on the performance of listed companies, and analyzes the relationship between ESG information disclosure and corporate performance and the relationship between China’s economic development and corporate progress. Based on the results of ESG information disclosure of enterprises, this paper takes A-share listed companies from 2010 to 2020 as research samples, chooses the institutional rating score of China Securities to measure the ESG effect of enterprises, and uses the financial data of A-share listed companies from 2010 to 2020 to analyze their profitability, operating capacity and solvency. This paper explains the impact path and performance of ESG information disclosure on corporate financial performance, and finally concludes that ESG information disclosure has a positive impact on corporate performance through research. At the same time, because the combination of ESG information disclosure and enterprise performance is still in the development stage in China, there are many deficiencies and defects, and there is room for improvement.