Επίδοση ESG και χρηματοοικονομική απόδοση : οι δύο όψεις του ίδιου νομίσματος
ESG performance and financial performance : two sides of the same coin

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Abstract
In recent years, the integration of environmental, social, and governance (ESG) factors into business practices and investment decisions has attracted increasing attention from stakeholders worldwide. This thesis aims to investigate the relationship between ESG performance indicators and financial performance indicators within the context of contemporary business practices. Using fixed-effects regression analysis, the study finds that companies with higher ESG performance achieve superior financial outcomes, as evidenced by increased market capitalization and improved return on equity (RoE). The findings underscore the critical importance of sustainability and responsible governance practices in enhancing economic stability and investor confidence. Recommendations for future research include analyzing individual components of ESG, such as environmental, social, and governance practices, to determine their precise impact on market capitalization.