Οικονομετρική μελέτη επίδρασης της υπεύθυνης και διαφανούς λειτουργίας επιχειρήσεων στην χρηματοοικονομική αποδοτικότητα τους

Ραυτόπουλος, Αλέξανδρος

Resposnible and transparent firm operations impact on financial performance

Master Thesis

Author

Ραυτόπουλος, Αλέξανδρος

Date

2022

Abstract

This study concerns the investigation of a possible relationship between the responsible and/or transparent operation of a firm and its financial performance, as measured by accounting and market measures. As several studies have already been conducted in this area, there are just a few, which investigate the individual variables of the ESG Score and their impact on the financial performance. Also, previous studies have produced a range of results, for which there is the following categorization: the responsible and/or transparent operation of a firm has a positive impact on its financial performance, the responsible and/or transparent operation of a firm has a negative effect on its financial performance and the responsible and/or transparent operation of a firm does not affect its financial performance at all. The present study used data from 7,911 companies of all branches operating in the European Union for the period 2004 – 2020. As for the complex ESG variable, it appears that it negatively affects the performance of companies as measured by accounting measures, while there is no - linear inverse U relationship with firm financial performance when measured by market measures. In addition, for Corporate Social Responsibility (CSR) a non-linear inverse U relationship was found with the accounting and market performance of firms. Finally, regarding the effect of the transparent operation of a firm, a negative effect was found on their financial performance.

Postgraduate Studies Programme

Βιοοικονομία, Κυκλική Οικονομία και Βιώσιμη Ανάπτυξη

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/15175
http://dx.doi.org/10.26267/unipi_dione/2597

Collections

Τμήμα Οικονομικής Επιστήμης

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Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα