Research on the Mechanism of ESG Performance on Corporate Financial Performance: The Moderating Role of Analyst Attention

In the context of global sustainable development, with increasing participation in ESG (Environmental, Social, and Governance) activities and the implementation of the "dual carbon" policy, incorporating the concept of green and sustainable development into business operations has become a core driving force for long-term corporate growth. This not only enhances corporate reputation but also contributes to sustainable development. This paper focuses on listed companies in China's CSI 300 Index, exploring the impact of ESG performance on corporate financial performance and the moderating effect of analyst attention in this relationship. The study finds that ESG performance significantly promotes financial performance, and analyst attention positively moderates this relationship.