A Literature Review on the Impact of ESG Information Disclosure on the Value of the Automobile Manufacturing Industry
DOI:
https://doi.org/10.61360/BoniGHSS242016600705Keywords:
ESG, automobile manufacturing, value impact, literature reviewAbstract
As global attention to sustainable development and corporate social responsibility continues to grow, Environmental, Social, and Governance (ESG) have become critical non-financial indicators for assessing the value of the automobile manufacturing industry. This literature review summarizes existing domestic and international research on the various ways in which ESG disclosure affects the value of the automobile manufacturing industry. Studies show that good ESG performance can enhance a company's market recognition, attract investors, reduce financing costs, and strengthen consumer trust and brand loyalty. Despite the positive impacts, the research also points out challenges in disclosing ESG information, including the uniformity of disclosure content and the lack of a unified assessment standard. Overall, ESG performance has a significant positive effect on the long-term value creation of the automobile manufacturing industry. However, there is also a need to balance it with financial performance to ensure continuity and effectiveness.
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Copyright (c) 2024 Xinhui Zhou
This work is licensed under a Creative Commons Attribution 4.0 International License.
