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ESG Rating Performance and Long-term Value Creation of Enterprises: Mechanism and Empirical Testing
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Wenqing CUI, Hong YAO, Piao FANG
Science Technology and Industry | 2025, 25(5) : 301 - 309
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Science Technology and Industry | 2025, 25(5): 301-309
Enterprise Application
ESG Rating Performance and Long-term Value Creation of Enterprises: Mechanism and Empirical Testing
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Wenqing CUI, Hong YAO, Piao FANG
Affiliations
  • Business School, Xi’an University of Finance and Economics, Xi’an 710100, China
Published: 2025-03-10
Outline
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From the perspective of ESG(environmental, social, and governance), enterprise value creation integrates economic, social, and environmental values. Corporate value creation was measured from three aspects of economic, social, and environmental. There is a positive correlation between ESG performance and corporate value creation. Corporate reputation plays an intermediary role.The quality of internal control has a positive moderating effect on the relationship between ESG performance and corporate value creation. The positive relationship between ESG performance and corporate value creation is more significant in samples of non-state-owned enterprises, enterprises with strong innovation capabilities, high media attention, and high industry competition.

ESG(environmental, social, and governance)  /  corporate reputation  /  value creation  /  internal controls
Wenqing CUI, Hong YAO, Piao FANG. ESG Rating Performance and Long-term Value Creation of Enterprises: Mechanism and Empirical Testing[J]. Science Technology and Industry, 2025 , 25 (5) : 301 -309 .
Year 2025 volume 25 Issue 5
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Article Info
  • Receive Date:2024-09-15
  • Online Date:2025-07-21
  • Published:2025-03-10
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  • Received:2024-09-15
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    Business School, Xi’an University of Finance and Economics, Xi’an 710100, China
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表12种不同金属材料的力学参数

Family
属数
Number of
genus
种数
Number of
species
占总种数比例
Percentage of
total species (%)

Genus
种数
Number of
species
占总种数比例
Percentage of total
species (%)
鹅膏菌科Amanitaceae 2 11 5.26 鹅膏菌属 Amanita 10 4.78
小菇科 Mycenaceae 2 12 5.74 丝盖伞属 Inocybe 5 2.39
多孔菌科 Polyporaceae 8 14 6.70 蜡蘑属 Laccaria 5 2.39
红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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