Affiliation:
1. HITIT UNIVERSITY
2. ISTANBUL UNIVERSITY, FACULTY OF BUSINESS ADMINISTRATION
Abstract
The aim of this study is to provide evidence for the impact of environmental, social and corporate governance (ESG) performances of companies operating in the utilities sector on their financial performance. The study used data from 325 companies in the utilities sector worldwide which have been listed in ASSET4 between 2010 and 2019. Refinitiv's Thomson Reuters ASSET4, EIKON, and Datastream databases have been used to obtain data on ESG performance and financial performance variables used in the study. According to the regression results, ESG performance has no impact on financial performance.
Publisher
Muhasebe Bilim Dunyası Dergisi
Reference69 articles.
1. Abdi, Y., Li, X., & Càmara-Turull, X. (2021). Exploring the impact of sustainability (ESG) disclosure on firm value and financial performance (FP) in airline industry: The moderating role of size and age. Environment, Development and Sustainability. https://doi.org/10.1007/s10668-021-01649-w
2. Almeyda, R., & Darmansya, A. (2019). The Influence of Environmental, Social, and Governance (ESG) Disclosure on Firm Financial Performance. IPTEK Journal of Proceedings Series, 5, 278–290. https://doi.org/10.12962/j23546026.y2019i5.6340
3. Aras, G., Aybars, A., & Kutlu, O. (2010). Managing corporate performance: Investigating the relationship between corporate social responsibility and financial performance in emerging markets. International Journal of Productivity and Performance Management, 59(3), 229–254. https://doi.org/10.1108/17410401011023573
4. Balatbat, M. C. A., Siew, R. Y. J., & Carmichael, D. G. (n.d.). ESG Scores and its Influence on Firm Performance: Australian Evidence. 33.
5. Business Wire. (2021). Global Utilities ındustry guide 2021: Total Revenues of $6,342.9 billion in 2020 Retrieved from https://www.businesswire.com/news/home/20210705005040/en/Global-Utilities-Industry-Guide-2021-Total-Revenues-of-6342.9-Billion-in-2020---Industry-Size-Value-2016-2020-and-Forecast-to-2025---ResearchAndMarkets.com
Cited by
3 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献