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Analysis of the Multi-Dimensional Coupling Effect of ESG Factors Embedded in Corporate Financial Performance-Taking the New Energy Industry as an Example

Author(s)

Boya Cao

Affiliation(s)

School of Finance and Economics, University of Sanya, Sanya, Hainan, China *Corresponding Author

Abstract

Taking the new energy industry as an example, this paper explores the multi-dimensional coupling effect of ESG factors (environment, society, and corporate governance) embedded in corporate financial performance. By constructing a theoretical model and empirical analysis, the study reveals the two-way interactive relationship between ESG factors and financial performance, and finds that it significantly improves corporate returns by enhancing reputation, reducing risks, and optimizing resource allocation, especially showing a strong driving effect in the environmental dimension. The empirical results show that the positive impact of ESG on financial performance increases with the improvement of corporate performance, and the coupling effect is particularly prominent in high-yield companies. The study further verifies the differentiated role of each dimension of ESG in the new energy industry, provides a theoretical basis and practical guidance for enterprises to formulate sustainable development strategies, and emphasizes the importance of ESG practice in achieving the unity of economic benefits and social values.

Keywords

ESG Factors; Financial Performance; Coupling Effect; New Energy Industry

References

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