id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-30775	Guo, Xiaoke; Chen, Changying	Research on the Impact of ESG Information Disclosure on Corporate Financial Performance: Taking Pinduoduo as an Example	2025	6	.pdf	application/pdf	5122	194	31	When a company's financial performance falls below the expected level, ESG performance becomes an important means of improving the company's financial performance; Wang Dian (2023) believes that good ESG performance can enhance a company's reputation, establish a positive image among stakeholders, and gain more support and recognition; Chen Nana (2025) selected Yili Group as the case study object and demonstrated that good ESG performance has a positive effect on the improvement of corporate financial performance, which helps promote the green transformation and sustainable development of enterprises; Khan et al. (2016) proposed that companies with excellent ESG performance have advantages in terms of capital costs, stock price fluctuations, and other aspects; Flammer et al. (2023) found through tracking S&P 500 companies that companies with excellent ESG performance experienced significant fluctuations in stock prices during the pandemic, and their long-term shareholder returns were significantly higher than the industry average; Garcia et al. (2023) proposed that ESG practices can reduce the risk of supply chain disruptions and indirectly enhance corporate profitability. Focusing on ESG development will help improve company performance, attract more consumers and investors, and enhance sustainable development capabilities.	cache/fbem-30775.pdf	txt/fbem-30775.txt