Η σχέση μεταξύ εκδόσεων εταιρικών ομολόγων και αξιολόγησης ESG
View/
Keywords
ESG criteria ; Cost of debt ; Sustainability ; Financial performance ; Regression analysis ; FTSE All-Share Index ; Quick ratio ; Interest coverage ; Return on assets ; Financial decision-makingAbstract
The complex interplay between environmental, social, and governance (ESG) standards and the cost of debt for companies listed on the London FTSE All-Share Index from 2010 to 2023 is examined in this master's thesis. We used a thorough regression analysis methodology with data from the Refinitiv database, using ESG scores, financial performance indicators (Return on Assets, Interest Coverage, Quick Ratio), and the cost of debt (Spread to Worst) as critical variables.
Our findings offer compelling new understandings of how sustainable policies affect finances. ESG aspects are becoming increasingly important in financial decision-making, as evidenced by the fact that businesses with higher ESG scores typically enjoy cheaper financing rates. Furthermore, we noticed a complex interaction between financial measures and the cost of debt, as well as the significance of the Quick Ratio as a metric for firms’ liquidity.
Useful insights can be provided by this study for firms, investors, and policymakers. Recognizing the financial benefits of ESG programs, companies are encouraged to integrate their plans with sustainability objectives. Investors should take into account the cost of debt as a crucial factor when making investing choices. These findings can be used by policymakers to encourage ethical corporate behavior and develop incentives for environmentally friendly operations.
Our study emphasizes that sustainability is not just an option but a financial obligation, advancing knowledge of how the worlds of finance and sustainability are intertwined.
Postgraduate Studies Programme
Χρηματοοικονομική και Τραπεζική με ειδίκευση στις Χρηματοδοτήσεις και Επενδύσεις - Finance and InvestmentsDepartment
Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής ΔιοικητικήςNumber of pages
80Language
Greek
Except where otherwise noted, this item's license is described as
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση-Όχι Παράγωγα Έργα 3.0 Ελλάδα