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KMID : 0926620230280020066
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Korean Journal of Hospital Management
2023 Volume.28 No. 2 p.66 ~ p.78
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The relationship among ESG management activities, financial performance and technological innovation in healthcare companies
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Wang Peng
Lee Chang-Won
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Abstract
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Purposes: This study explored the difference analysis of financial performance and technological innovation according to the ESG management activities of healthcare companies based on the time before and after the mandatory ESG management reporting of listed Chinese healthcare companies in China.
Methodology: This study collected ESG management activities, corporate financial performance, and technological innovation data of Chinese listed healthcare companies by using Bloomberg Database and China-listed company reports to collect data for analyzing differences between groups through T-test.
Findings: ESG activities in the healthcare industry have a certain impact on corporate financial performance, but have no impact on corporate technological innovation. Like the world trend, the ESG activities and financial results of China's healthcare industry have shown a positive development direction in recent years, and ESG scores are rising.
Practical Implication: Since 2018, ESG activities in China's healthcare industry have flourished, and ESG activities and financial performance have developed in a positive direction.
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KEYWORD
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Healthcare, Chinese healthcare industry, ESG activities, Financial performance, Technological innovation
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FullTexts / Linksout information
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Listed journal information
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