Research on impact of ESG Performance on corporate resilience

Authors

  • Mingda Li International College, Dhurakij Pundit University
  • Xiaoying Chang International College, Dhurakij Pundit University

Keywords:

ESG performance, Corporate Resilience, Financing Capacity, Government Support

Abstract

Taking signalling theory as the core theoretical foundation, this study builds a theoretical model of ESG performance on corporate resilience based on the realistic background of China's high-quality economic development and transformation. The purpose is to explore the influential relationship between ESG performance and corporate resilience. Fixed-effect model, mediation-effect model and heterogeneity analysis are used to study the sample of A-share listed companies in China's Shanghai and Shenzhen markets from 2010 to 2023, and the empirical results show that: 1. ESG performance positively affects corporate resilience; 2. financing ability and government support mediate the relationship between ESG performance and corporate resilience; 3. for large enterprises, the effect of ESG performance on corporate resilience improvement is more obvious. This study not only provides a feasible pathway for enterprises to actively implement ESG principles in pursuit of sustainable development but also offers a theoretical foundation for the government to promote corporate ESG disclosure, thereby contributing to the sustainable development of both micro-level entities and the broader socio-economic system.

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Published

2025-05-20

How to Cite

Li, M., & Chang, X. (2025). Research on impact of ESG Performance on corporate resilience. SUTHIPARITHAT JOURNAL, 39(2), 21–35. retrieved from https://so05.tci-thaijo.org/index.php/DPUSuthiparithatJournal/article/view/278769

Issue

Vol. 39 No. 2 (2025): เมษายน-มิถุนายน 2568

Section

Research Articles

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