Study on Enterprise Value Evaluation Based on ESG: Taking Tesla Enterprise as An Example

Bo FENG, Liting CHENG, Junwen FENG

Abstract


With the deepening of the concept of green development and high-quality economic development, enterprises have played an important role in practicing the new development concept. In order to better integrate the development of enterprises into the sustainable development of society, more and more excellent Chinese enterprises shoulder the great responsibility mission of fulfilling social responsibility, optimizing social and corporate governance. The concept of ESG provides a comprehensive framework for enterprises to complete this mission and goal. Paying attention to the company’s ESG performance is helpful to understand its sustainable development ability, so as to promote the performance of the whole enterprise and even the whole industry in all aspects. Firstly, this paper summarizes the relevant research results. Secondly, combined with the characteristics of enterprise value, this paper analyzes its value influencing factors, selecting ESG indicators as well as other relevant indicators to design and construct an evaluation model based on ESG enterprise value evaluation system. Finally, taking Tesla enterprise as an example, this paper analyzes the rationality of ESG concept on enterprise value evaluation, it also puts forward corresponding deficiencies, summarizes and looks forward to relevant research methods.


Keywords


Enterprise value; ESG; Sustainable development

Full Text:

PDF

References


– (2020). The research group on the business environment and strategy of financial investment institutions. China Economic Review, (1), 68-76.

Cao, C. (2018). Research on application of EVA evaluation method in real estate enterprise value evaluation (Doctoral dissertation). Chongqing University of Technology.

Cao, Q., & Xu, Q. (2019). Research on “environmental, Social and governance “ (ESG) system construction in finance. Financial Regulation Research, (4), 95-111.

Chen, N., & Sun, F. (2019). Comparison of ESG system development at home and abroad and Suggestions on the construction of ESG system in China. Development Studies, (3).

Chen, X. R., & Xu, S. Y. (2020). Research on enterprise development capacity of new energy vehicle Industry based on financial indicators. Commercial Accounting, (4), 57-59.

Cui, Q., & Wang, J. Z. (2008). Construction of theoretical structure model of asset Appraisal. Finance and Accounting Newsletter (Financial Management Edition), (4), 27-28.

Hu, X. Y. (2014). Research on enterprise value evaluation system. Shopping Mall Modernization, (30), 59-59.

ICBC and Commercial Bank of China Green Finance Research Group, Zhang, H. L., Zhou, Y. Q., Yin, H., Ma, S. H., Yang, Q. H., Qiu, M. Y., & Zhang, J. W. (2017). ESG green ratings and green index study. Financial Forum, 22(09), 3-14.

Ji, Y. C. (2018). Research on the relationship between enterprise valuation and company valuation. Friends of Accounting, (9), 2-8.

Li, H. Y., & Mao, L. (2021). Value evaluation of NeeQ internet enterprises based on economic value added method -- A case study of Shenzhou Uber. Time Finance (Early), (1), 36-39.

Li, Q. (2021). The development of ESG concept in China -- Taking Ping’An China as an example. Modern Marketing, (19), 6-7.

Liang, G. Y. (2020). Comparative analysis of modern enterprise valuation Methods. China Market, (14), 86-87, 89.

Liang, S. Y., & Lu, Y. Y. (2021). Analysis on the development status and trend of new energy vehicles. Times Automobile, (10), 76-77.

Liu, L., & Xu, W. T. (2021). Comparative study on ESG evaluation and traditional credit rating system of enterprises. New Finance, (4), 59-64.

Liu, X. Y. (2015). Research on the construction of new third board enterprise value evaluation index system -- Based on the perspective of venture capital (Doctoral dissertation). Sichuan: Southwestern University of Finance and Economics.

Lu, Z. Q. (2018). Case study on the value evaluation of asset-light enterprises -- A case study of an enterprise (Doctoral dissertation). Tianjin: Tianjin University of Commerce.

Meng, Y. J. (2017). Corporate value evaluation of listed securities companies based on synergistic effect -- A case study of Shenwan Hongyuan Group (Doctoral dissertation). Sichuan: Southwestern University of Finance and Economics.

Price Waterhouse Coopers ESG Valuation White paper [R]. 2021.

Shao, S. C., & Wang, S. B. (2014). Discussion on the application of ESG model in urban waste management performance evaluation. Commercial Accounting, (5), 39-41.

Si, H. T., & Sun, L. X. (2017). On the selection and matching of value type and income caliber in enterprise valuation. Accounting Learning, (19), 184-185.

Su, Y. L., & Li, J. M. (2001). Research on the construction of value evaluation service system of science and technology start-ups. Journal of Science and Technology Entrepreneurship, 34(2), 91-98.

Tong, Y. L. (2018). Research on China’s sustainable development level from the perspective of new development concept (Doctoral dissertation). Liaoning: Liaoning Normal University.

Wang, W. F. (2017). Construction of enterprise value evaluation index system. Financial Management (Financial Edition), (11), 32-33.

Wang, X. W. (2011). Research on the development trend of enterprise valuation methods. Academic Exchange, (2), 78-81.

Wang, Y. Y. (2017). Research on the construction of enterprise value evaluation index system in China. Finance and Economics, (27), 54-55.

Wu, N. (2019). Construction of enterprise value evaluation system of non-financial indicators based on ANALYTIC hierarchy process. Business News, 20(174), 59-60.

Xu, Y. (2020). Development status and trend of new energy vehicles. Automobile Practical Technology, 45(24), 13-15.

Xue, K. (2019). Current Situation and Development Suggestions of New Energy Second-hand Car Market in China. Time Automobile, (13), 145-147.

Yang, J. N. (2021). Market Modernization, (5), 20-22. (in Chinese)

Yi, F. (2019). Research on the impact of corporate environmental responsibility on financial performance (Doctoral dissertation). Jiangxi Science and Technology Normal University.

Yu, D. F. (2021). Enterprise Reform and Management, (12), 186-187. (in Chinese)

Yu, J. Q., & Wang, Y. (2021). Research on the impact of ESG performance on enterprise value from the perspective of ecological civilization -- A case study of Beijing-Tianjin-Hebei listed manufacturing companies. Research of Financial theory, (2), 81-91.

Zeng, H. Z. (2014). Research on New Energy Vehicle R&D Project Value Evaluation Method Based on Real Option ((Doctoral dissertation). Beijing Institute of Technology.

Zhang, J. K. (2019). Enlightenment of ESG investment evaluation system. China Finance, (4), 74-75.

Zhao, M. H. (2020). Current Situation and Development Trend analysis of new energy Vehicle Charging Facilities Industry. Time Automobile, (23), 98-99.

Zhao, X., Qi, J. M., & Hao, J. (2012). Financial Performance Evaluation of mergers and acquisitions of listed companies based on factor Analysis: Empirical evidence from the main board market. Journal of Xidian University (Social Science Edition), (3), 66-71.




DOI: http://dx.doi.org/10.3968/12409

Refbacks

  • There are currently no refbacks.


Copyright (c) 2022 Canadian Social Science

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Online Submission: http://cscanada.org/index.php/css/submission/wizard

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use four mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; office@cscanada.net; ccc@cscanada.net; ccc@cscanada.org

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).

 

Canadian Social Science Editorial Office

Address: 1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net; Http://www.cscanada.org 
E-mail:caooc@hotmail.com; office@cscanada.net

Copyright © Canadian Academy of Oriental and Occidental Culture