A Study on the Correlation between ESG Performance of Manufacturing Enterprises and the Risk of Financial Statement Restatements
Abstract
This paper focuses on the manufacturing sector to explore the connection between environmental, social, and governance (ESG)
performance and the risk of financial statement restatements. It begins by clarifying the definition and connotation of ESG performance,
analyzing the characteristics, assessment criteria, and related factors of ESG performance in the manufacturing industry. Then, based on a
theoretical framework, research hypotheses are established, and variables and models are constructed using data samples. Empirical analysis
reveals the relationship between the two, providing guidance for manufacturing enterprises to optimize ESG management and reduce the risk
of financial statement restatements.
performance and the risk of financial statement restatements. It begins by clarifying the definition and connotation of ESG performance,
analyzing the characteristics, assessment criteria, and related factors of ESG performance in the manufacturing industry. Then, based on a
theoretical framework, research hypotheses are established, and variables and models are constructed using data samples. Empirical analysis
reveals the relationship between the two, providing guidance for manufacturing enterprises to optimize ESG management and reduce the risk
of financial statement restatements.
Keywords
Manufacturing enterprises; Financial statement restatement risk; Correlation; Empirical analysis
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PDFReferences
[1] Jiali Li. Research on the Impact of ESG Performance of Manufacturing Enterprises in Shandong Province on Their Financial Performance [J]. Brand Marketing of Time-honored Brands, 2025, (11): 97-99.
[2] Yang Miao. Research on the Impact of R&D Investment of Listed Manufacturing Enterprises in China on Their Financial Performance
[D]. Beijing University of Chemical Technology, 2025.
[3] Zhang Chenxu. Research on the Impact of ESG Performance of Manufacturing Enterprises on Their Financial Sustainable Growth [D].
Beijing University of Chemical Technology, 2025.
DOI: http://dx.doi.org/10.70711/frim.v3i11.7684
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