Προσδιοριστικοί παράγοντες επιλογής των εταιρειών στον δείκτη DJSI
KeywordsΔείκτης βιωσιμότητας DJSI ; Εταιρική κοινωνική ευθύνη ; Κοινωνικά υπεύθυνη επένδυση (ΚΥΕ) ; ESG performance ; Social responsible investment (SRI) ; Corporate Social Responsibility
This thesis will explore the observable characteristics of firms included in the Dow Jones Sustainability Index, the pre-eminent stock market index for sustainable firms. Specifically, as the dependent variable used index DJSI which takes the value 1 for those companies included in it, and the value 0 for those companies are not members. As independent variables used business metrics for Environmental, Social and Governance performance (ESG performance) as well as indicators that indicate the status of the companies financially. These indicators are derived from the database Thomson-Reuters ASSET4 of DataStream and held a probit estimation on the inclusion in DJSI index organizing the data in the form of Panel Data. The results obtained showed that larger companies are more difficult to be members of the index Dow Jones Sustainability Index. This is reflected in the fact that society demands from large companies are more.