Affiliation:
1. Business Administration Department, Faculty of Economics and Administrative Sciences,
Near East University, Nicosia, Turkey
Abstract
The purpose of this paper is to evaluate the influence of environmental, social and
governance performance on the economic performance of the Standard & Poor’s 500 companies. Structural
equation modeling and linear regression have been utilized to measure the overall and individual influence
of environmental, social and governance (ESG) performance on economic performance using longitudinal data
comprising the years from 2010 to 2015. The overall ESG model had a significant relationship on economic
performance. Furthermore, the findings of this study show that social and governance performance
significantly affects economic performance in all regression models. However, environmental performance
failed to show a significant relationship. The research contributes to the literature by providing insights
for investors, managers and employees about the influence of ESG performance on company performance.
Publisher
Vilnius Gediminas Technical University
Subject
Economics and Econometrics,Business, Management and Accounting (miscellaneous)
Cited by
75 articles.
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