Απόδοση ESG και οικονομική μεγέθυνση τη περίοδο της πανδημίας Covid-19

Καλογιάννη, Αλεξάνδρα

Master Thesis

Author

Καλογιάννη, Αλεξάνδρα

Date

2023-07

Abstract

The COVID-19 pandemic has not only posed significant health risks, but has also deeply affected global economies, causing a widespread socio-economic crisis. In the midst of this crisis, there has been increasing emphasis on environmental, social and governance (ESG) practices as key determinants of sustainable business practices and long-term value creation. This master's thesis investigates the intricate relationship between Environmental, Social, and Governance (ESG) performance and economic growth amidst the unprecedented COVID-19 pandemic. The study employs a comprehensive empirical analysis, utilizing data from 29 countries and examining 26 ESG indicators spanning the years 2002 to 2020. The research endeavors to unravel the multifaceted impact of the pandemic on ESG practices and its subsequent influence on economic growth. The empirical analysis uncovers intriguing insights into the interplay between ESG performance and economic dynamics. It reveals that the pandemic had a profound and widespread negative effect on global economic growth, leading to significant disruptions across various sectors and supply chains. However, the study also highlights a crucial mitigating factor—the presence of robust ESG practices. The findings underscore the importance of countries with higher ESG performance, demonstrating their capacity to exhibit greater resilience and adaptability in the face of adversity. These countries showcased a more sustainable and responsible approach to business and governance, enabling them to navigate the challenges posed by the pandemic more effectively. The analysis further reveals that the positive impact of ESG practices on economic growth was particularly pronounced in the context of the COVID-19 crisis. Moreover, the study highlights the interactive relationship between ESG and the pandemic. While ESG performance alone did not show a significant impact on economic growth, it played a crucial role in moderating the negative effects of the pandemic. The interaction between ESG performance and the pandemic was found to be significant, with countries exhibiting higher ESG scores demonstrating a more resilient economic performance during the crisis.

Postgraduate Studies Programme

Βιοοικονομία, Κυκλική Οικονομία και Βιώσιμη Ανάπτυξη

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Corporate Department

Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών. Τμήμα Βιολογίας

Number of pages

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/15675
http://dx.doi.org/10.26267/unipi_dione/3097

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