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Driving Corporate Sustainable Development: Assessing the Impact of ESG Disclosure on Sustainable Growth

In: The Palgrave Handbook of Green Finance for Sustainable Development

Author

Listed:
  • Jiapeng Dai

    (University of Wollongong Malaysia)

  • Qiao Liang

    (University of Wollongong Malaysia)

  • Eddy Tat Hiung Yap

    (University of Wollongong Malaysia)

Abstract

The primary objective of business growth is to attain long-term corporate expansion and optimise shareholder value. Additional research is required to investigate the impact of ESG disclosure on sustainable growth (SGR). By integrating stakeholder theory and signaling theory, a panel data analysis conducted on publicly traded A-share companies in China, reveals that disclosing ESG information can have a positive impact on promoting SGR. Companies that disclose ESG information experience greater promotion of sustainable growth compared to those that do not disclose such information. Moreover, the extent of ESG disclosure positively correlates with the magnitude of the beneficial impact on SGR. Additionally, ESG disclosure contributes to SGR by alleviating financing constraints as well as improving human capital. The results of our study enhance the existing knowledge on ESG disclosure, encourage companies to actively engage in ESG disclosure for SGR, and contribute to a deeper understanding of the relationship between ESG reporting and sustainable business growth.

Suggested Citation

  • Jiapeng Dai & Qiao Liang & Eddy Tat Hiung Yap, 2024. "Driving Corporate Sustainable Development: Assessing the Impact of ESG Disclosure on Sustainable Growth," Palgrave Studies in Impact Finance, in: Ahmed Imran Hunjra & John W. Goodell (ed.), The Palgrave Handbook of Green Finance for Sustainable Development, chapter 0, pages 595-616, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-031-65756-6_22
    DOI: 10.1007/978-3-031-65756-6_22
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