Abstract
With green development advocated globally, China has firstly proposed a goal of carbon neutrality and carbon peak. Based on sustainable development theory, signal transmission theory, information asymmetry theory and stakeholder theory, this paper had used the data of 638 A-share listed companies in China from 2018 to 2020 to empirically analysed the relationship between ESG information disclosure quality and firm value. The study had concluded that the ESG quality is positively correlated with firm value. Although the impact of environment (E) and society (S) on firm value is greater than that of governance (G), the improvement of ESG split indicators will increase firm value. Finally, this paper had put forward suggestions for the firms and the government respectively.
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