Study on Relationship Between the Financial Index of Corporations and ESG Performance: Based on the Perspective of Investors of A-shares
DOI:
https://doi.org/10.54691/bcpbm.v38i.4143Keywords:
ESG; Financial index; Correlation coefficient; Investment.Abstract
After China proposed to achieve the goal of "double carbon", the concept of ESG gradually become popular in China's securities market. According to the relevant data disclosed by the CSRC, the returns of ESG related theme funds and stocks will lead the market after 2018, and the returns of high ESG enterprises and ESG theme funds will be higher than the annualized growth rate of the main board index. However, the vast majority of participants in China's securities market are mainly individual investors, and their return rates are low. Based on the above facts, this paper analyzes the correlation between ESG performance and financial indicators frequently used by listed companies, and uses the correlation coefficient analysis method to calculate the correlation coefficient between the two variables to get the final results. Furthermore, this paper hope to be able to make some practical suggestions for A-shares investors based on the data and conclusions obtained in this study.
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