ESG (Environmental, Social, Governance) αποδοτικότητα: επίδραση στην εταιρική χρηματοοικονομική απόδοση
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ESG αποδοτικότητα ; CSR απόδοσηAbstract
This paper deals with how the performance of a company in the field of Corporate Social Responsibility affects its future corporate financial performance. The issue is studied through critical literature review and empirical analysis, with a sample of 1980 active US companies for the period 2002-2018 with data from the databases Thomson Reuters Asset 4 and World scope -Data stream. The methodology followed was based on the research of (Lys et al, 2015), and the equations ΔROA, ΔCFO, (P / CF) were used. The main conclusion we drew from our empirical analysis is in line with the prevailing trend of the literature so far, that is a positive relationship (small or even weak) between the corporate social performance and the financial performance of a company. This relationship is mainly reflected in the positive correlation of the overall ESG Score with the change in the future performance of the Return on Assets.
Postgraduate Studies Programme
Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική και Τραπεζική ΔιοικητικήDepartment
Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής ΔιοικητικήςNumber of pages
49Language
Greek
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Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές