Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory

Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory

Since the reform and opening up, China’s economy has developed rapidly, the market economy is booming, and the financing demand of enterprises is also increasing year by year. As a new development concept, environmental, social and corporate governance (ESG) theory has become an important evaluation...

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Main Authors: Wang Chunhong, Zhao Minru, Zhang Zhenhua
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/11/e3sconf_netid2021_01054.pdf
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spelling doaj-1fd31bdf434f440cb85664f125653ed62021-02-18T10:42:42ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012350105410.1051/e3sconf/202123501054e3sconf_netid2021_01054Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG TheoryWang Chunhong0Zhao Minru1Zhang Zhenhua2School of Accounting, Guangdong University of Foreign StudiesSchool of Accounting, Guangdong University of Foreign StudiesSchool of Accounting, Guangdong University of Foreign StudiesSince the reform and opening up, China’s economy has developed rapidly, the market economy is booming, and the financing demand of enterprises is also increasing year by year. As a new development concept, environmental, social and corporate governance (ESG) theory has become an important evaluation index for the future development of enterprises. How to achieve sustainable development has become a necessary challenge for enterprise financing. Based on ESG theory, this paper discusses the influence of corporate governance performance on financing cost, and studies the relationship between corporate governance performance and financing cost. Through the empirical analysis, this paper can draw a conclusion that good corporate governance performance can effectively reduce the financing cost. According to this conclusion, this paper puts forward some suggestions on corporate governance based on ESG rating system.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/11/e3sconf_netid2021_01054.pdf
collection DOAJ
language English
format Article
sources DOAJ
author Wang Chunhong
Zhao Minru
Zhang Zhenhua
spellingShingle Wang Chunhong
Zhao Minru
Zhang Zhenhua
Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory
E3S Web of Conferences
author_facet Wang Chunhong
Zhao Minru
Zhang Zhenhua
author_sort Wang Chunhong
title Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory
title_short Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory
title_full Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory
title_fullStr Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory
title_full_unstemmed Research on the Relationship Between Corporate Governance Performance and Financing Cost Under the Background of ESG Theory
title_sort research on the relationship between corporate governance performance and financing cost under the background of esg theory
publisher EDP Sciences
series E3S Web of Conferences
issn 2267-1242
publishDate 2021-01-01
description Since the reform and opening up, China’s economy has developed rapidly, the market economy is booming, and the financing demand of enterprises is also increasing year by year. As a new development concept, environmental, social and corporate governance (ESG) theory has become an important evaluation index for the future development of enterprises. How to achieve sustainable development has become a necessary challenge for enterprise financing. Based on ESG theory, this paper discusses the influence of corporate governance performance on financing cost, and studies the relationship between corporate governance performance and financing cost. Through the empirical analysis, this paper can draw a conclusion that good corporate governance performance can effectively reduce the financing cost. According to this conclusion, this paper puts forward some suggestions on corporate governance based on ESG rating system.
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/11/e3sconf_netid2021_01054.pdf
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AT zhaominru researchontherelationshipbetweencorporategovernanceperformanceandfinancingcostunderthebackgroundofesgtheory
AT zhangzhenhua researchontherelationshipbetweencorporategovernanceperformanceandfinancingcostunderthebackgroundofesgtheory
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