Rsearch on the impact of baosteel's ESG practice on enterprise value

Abstract

With the increasing global environmental problems, people are increasingly aware that the development mode of enterprises should be changed. The social value that enterprises feed back to society has also become part of the enterprise value. ESG requires corporate managers to take both environmental and social benefits into account. However, will ESG practices have an impact on corporate value? How is this impact achieved? This study first disassembles the ESG practice of Baosteel Co., Ltd., analyzes the impact path of ESG practice on corporate value, and then uses event analysis method, financial index method, entropy weight method and non-financial indicators to analyze the influence of Baosteel Co., Ltd. ESG practice on corporate value. It is expected that through this research, it could help similar enterprises to improve their ESG practice level, promote enterprises to create their own core competitiveness, promote the improvement of enterprise value, and realize the long-term development of enterprises