The Influence of ESG Ratings on Financial Performance of Listed Companies in Developing Countries: A Case Study of China's Market
In this study, we use the Chinese market over the period 2012–2022 as a case to investigate the impact of environmental, social, and governance (ESG) ratings on the financial performance of publicly traded companies in developing countries. After measuring Return on Assets and Tobin’s Q as explanatory variables, we found a significant positive correlation between financial performance and ESG rati