Research on the influence of ESG performance of Yankuang Energy on corporate value

FU Qiannan; HUANG Yutong

Abstract：Promoting green and low-carbon economic and social development is a key link to achieve high-quality development in China,and ESG concept with environment,society and corporate governance as its core is rapidly rising on a global scale.Therefore,taking the energy-based enterprise Yankuang Energy as the research object,the influence of ESG performance on enterprise value is discussed by using grey relation degree method.The results show that:① The ESG practice performance of Yan kuang Energy is better.② The overall ESG performance,environment and society indicators of Yan kuang energy have great influences and are closely related to the market value of the enterprise,and the influence of governance indicators on the market value of the enterprise is slightly weak.③ Social and governance indicators ave great influences and are closely related to their book value,while the overall performance of environment and ESG has a slight impact on the book value of enterprises.However,the influence of different ESG indicators on enterprise market and book value is different.The results enrich the research on the economic impact of ESG performance of energy-based enterprises in China,and also provide new ideas for the green and low-carbon development of energy-based enterprises.