Η εξέταση της σχέσης μεταξύ μετοχικής απόδοσης και επίδοσης ESG για ένα δείγμα ελληνικών εισηγμένων εταιρειών στο Χρηματιστήριο Αθηνών
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ESGAbstract
The aim of our post-graduate study is to find the relationship between the stock returns and the ESG scores.
The sample of our study consists of 24 stocks, out of which 12 are without ESG scores.
The methodology of our study is the following: We run a multiple regression with dummies which had the stock return as dependent variable in order to find the average stock return of the two groups of stocks. We also testified if there is a causal relationship between ESG scores and stock returns.
Our findings present a positive relationship between stock returns and ESG scores, but this is not causal. In contrast with this finding, the environmental scores affect the stock returns.