Research On The Economic Consequences Of ESG Information Disclosure

Since ESG’s disclosure of information for listed companies continues to be taken into account by national and foreign capital markets,ESG’s information plays a more important role in demonstrating power in the development of companies and in creating long-term value companies.Therefore,one of the current research has become a way to create an effective system of ESG disclosure so that investors can fully understand the company’s non-financial information.As the Hong Kong Stock Exchange publishes the rules for its environmental,social and government report this year,ESG’s quick announcement to China’s current capital began.Throughout the current situation,the impact of the ESG system on the Chinese capital market is still relatively weak.For example,the disclosure of information to ESG cannot fully meet the needs of citizens and the first development of ESG ratings and indices,even companies,markets,regulators,ESG systems have not received the ideal attention.Therefore,in order to increase the use of the ESG system in the Chinese capital market,the ESG combines with the collection and collection of houses and external literature based on the absence of money,the theory of signal transmission,the theory of legitimacy and the theory of users,and the Xiaopeng car,these models are designed as a company.Xiaoping’s impact on ESG data affects the economic cost of the company,the potential market response and the costs of the company.Finally,with the results of the real analysis,the ESG has an n impact on setting up and improving the output system,continues to develop the theoretical framework of the ESG and prepares case materials to improve the ESG system.The results of this document show that for the first time since ESG Xiaopeng Automobile was opened,it reduced the debt and cost of proposals by showing-that opening ESG information through a proposal can help to change the funding threshold,reduce the funding pressure from a market response point of view,the market reacted positively to the start of ESG Xiaopeng Automobile report.In terms of time,the short-term reaction is relatively small,and the long-term positive reaction is more active.This shows that investments have a good expectation of publication on the day of the announcement and are willing to increase investment funds for the company.Thirdly,when ESG Xiaopeng Automobile is opened,the value reflecting the value of the offer will gradually increase.At the same time,this document closes the influence of industry and shows that the implementation of ESG data through the proposal is an improvement Thursday-The statistical analysis of the selected companies showed that the corresponding variable short-term market returns improved significantly before and after the notification date.Finally,according to the results of the abovementioned studies,this document proposes appropriate proposals from proposals,market and regulatory levels.