Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024)

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The Impact of Corporate ESG Fund Ownership on Financial Performance: A Shareholding Proportion Analysis

Authors
Chunying Huang1, *
1School of Economics, Shandong University, Shandong, China
*Corresponding author. Email: huangmy17@163.com
Corresponding Author
Chunying Huang
Available Online 2 September 2024.
DOI
10.2991/978-94-6463-506-5_42How to use a DOI?
Keywords
ESG fund ownership; Financial performance; State-owned enterprise; Pandemic
Abstract

As the concept of sustainable development gains widespread acceptance, Environmental, Social, and Governance (ESG) investing has gradually emerged as a dominant trend within the global investment landscape. This ascension is particularly notable in the Chinese market, where ESG funds have witnessed substantial expansion. This paper aims to investigate the relationship between ESG fund ownership and the financial performance of firms, offering insights pertinent to investment strategies in ESG funds. Focusing on A-share listed companies from 2018 to 2022, a two-factor fixed-effects model was employed for empirical analysis. The findings reveal a statistically significant positive correlation between the proportion of ESG fund holdings and firm’s financial performance. Further analysis uncovers that the positive influence of ESG fund ownership on financial performance is more pronounced in state-owned enterprises. Additionally, variations are noted in the impact of ESG fund holdings on financial performance in periods pre- and post-pandemic onset.

Copyright
© 2024 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 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
2 September 2024
ISBN
978-94-6463-506-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-506-5_42How to use a DOI?
Copyright
© 2024 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  - Chunying Huang
PY  - 2024
DA  - 2024/09/02
TI  - The Impact of Corporate ESG Fund Ownership on Financial Performance: A Shareholding Proportion Analysis
BT  - Proceedings of the 2024 4th International Conference on Enterprise Management and Economic Development (ICEMED 2024)
PB  - Atlantis Press
SP  - 382
EP  - 391
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-506-5_42
DO  - 10.2991/978-94-6463-506-5_42
ID  - Huang2024
ER  -