Vol. 3 No. 1 (2026)

Research Articles

The Relationship Between ESG Disclosure and Corporate Value Creation

Published 2026-01-31

  • Depeng Pan

Depeng Pan
International Institute of Management and Business image/svg+xml

Abstract

With the advancing global sustainable development, environmental, social, and governance (ESG) disclosure has become a key channel for companies to communicate with stakeholders. This study takes Chinese A-share listed companies from 2018 to 2025 as samples to explore the correlation between ESG disclosure quality and corporate value creation, as well as its internal mechanism. The results show a significant positive correlation between ESG disclosure quality and corporate value creation, which is more prominent in highly polluting industries and private enterprises. The research indicates that ESG disclosure promotes corporate value creation through two paths: enhancing corporate innovation capabilities and alleviating financing constraints. The conclusions provide theoretical and practical references for enterprises to improve ESG management and for regulators to optimize ESG disclosure systems.

Keywords

ESg, Corporate Value, Disclosure System

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