Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)

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The Correlation Between Corporate Profitability and ESG Ratings: Samples from Forestry and Paper Industry

Authors
Zijin Zou1, *
1Xi’an Jiaotong-Liverpool University, Ren’ai Street, Suzhou Industrial Park, Suzhou City, Jiangsu Province, China
*Corresponding author. Email: Zijin.Zou21@student.xjtlu.edu.cn
Corresponding Author
Zijin Zou
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-408-2_43How to use a DOI?
Keywords
ESG; Forestry and Paper Industry; Corporate Profitability
Abstract

Recently, the sustainability and social responsibility of business operation have become more and more important in the criteria to evaluate the value of a company, which cause the environmental, social, and governance (ESG) scores to be valued. This study examined the impact of the ESG score and profitability of the year before on the profitability of Chinese forestry companies, which is weighed by EBIT and ROA, with regression to determine that does ESG score will affect the profitability of forestry corporations or not. The findings suggest that the scores have a significant correlation with the EBIT while all of the scores do not show a significant effect on the ROA. At the same time, the findings also show that the ROA is affected by the ROA in the year before extremely significant, while the influence of the EBIT in the year before to the EBIT in one year later is not as obvious as the effect of the previous ROA generated to the later one.

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 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
7 May 2024
ISBN
10.2991/978-94-6463-408-2_43
ISSN
2352-5428
DOI
10.2991/978-94-6463-408-2_43How 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  - Zijin Zou
PY  - 2024
DA  - 2024/05/07
TI  - The Correlation Between Corporate Profitability and ESG Ratings: Samples from Forestry and Paper Industry
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 377
EP  - 386
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_43
DO  - 10.2991/978-94-6463-408-2_43
ID  - Zou2024
ER  -