4.7 Article

Sustainable development, ESG performance and company market value: Mediating effect of financial performance

Related references

Note: Only part of the references are listed.
Article Economics

Does the fossil fuel divestment movement impact new oil and gas fundraising?

Theodor F. Cojoianu et al.

Summary: The study found that increasing fossil fuel divestment commitments in a country are associated with lower capital flows into domestic oil and gas companies, especially in countries with more stringent environmental policies. However, the divestment movement may unintentionally lead to domestic banks providing more finance to oil and gas companies abroad, creating an unexpected effect.

JOURNAL OF ECONOMIC GEOGRAPHY (2021)

Article Business, Finance

The role of ESG performance during times of financial crisis: Evidence from COVID-19 in China

David C. Broadstock et al.

Summary: The study found that during a market-wide financial crisis, high ESG performance portfolios generally outperform low ESG portfolios, ESG performance can mitigate financial risks, and the role of ESG performance is weakened during "normal" times.

FINANCE RESEARCH LETTERS (2021)

Article Business

The ESG-financial performance relationship: Does the type of employee board representation matter?

Mehdi Nekhili et al.

Summary: This study found that labor board representatives and employee shareholder board representatives have opposite effects on ESG performance, and the representation of employees on the board moderates the relationship between ESG and financial performance differently.

CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW (2021)

Article Business

Is corporate environmental disclosure associated with firm value? A multicountry study of Gulf Cooperation Council firms

Ali Meftah Gerged et al.

Summary: Several studies have confirmed a significant positive relationship between corporate environmental disclosure and firm value in Gulf Cooperation Council countries, suggesting a potential for expanded disclosure. Future research should focus more on market-based proxies, particularly in developing countries, to further explore the value relevance of corporate environmental disclosure.

BUSINESS STRATEGY AND THE ENVIRONMENT (2021)

Article Management

The fit between corporate social responsibility and corporate governance: the impact on a firm's financial performance

Sanja Pekovic et al.

Summary: This study examines the moderating effects of corporate governance characteristics on the relationship between corporate social responsibility and firm financial performance. The findings suggest that board size and gender diversity positively moderate this relationship, while interaction between CSR and ownership concentration negatively impacts a firm's financial performance.

REVIEW OF MANAGERIAL SCIENCE (2021)

Article Management

ESG performance and market value: the moderating role of employee board representation

Mehdi Nekhili et al.

Summary: The presence of employees on the board of directors has a negative impact on market perceptions, while high ESG performance is viewed positively by investors. Interestingly, companies with employee directors on the board show a negative relationship between ESG performance and market value, suggesting a potential conflict of interest between employees and shareholders.

INTERNATIONAL JOURNAL OF HUMAN RESOURCE MANAGEMENT (2021)

Article Management

Corporate Social Responsibility and Firm Risk: Theory and Empirical Evidence

Rui Albuquerque et al.

MANAGEMENT SCIENCE (2019)

Article Business

Do environmental, social, and governance activities improve corporate financial performance?

Jun Xie et al.

BUSINESS STRATEGY AND THE ENVIRONMENT (2019)

Article Economics

THE IMPACT OF ESG FACTORS ON MARKET VALUE OF COMPANIES FROM TRAVEL AND TOURISM INDUSTRY

George H. Ionescu et al.

TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF ECONOMY (2019)

Article Engineering, Industrial

Environmental investments: Too much of a good thing?

Sanja Pekovic et al.

INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS (2018)

Article Business, Finance

ESG performance and firm value: The moderating role of disclosure

Ali Fatemi et al.

GLOBAL FINANCE JOURNAL (2018)

Article Management

Does ESG performance have an impact on financial performance? Evidence from Germany

Patrick Velte

JOURNAL OF GLOBAL RESPONSIBILITY (2017)

Article Business

Enhancing Market Valuation of ESG Performance: Is Integrated Reporting Keeping its Promise?

Laura Mervelskemper et al.

BUSINESS STRATEGY AND THE ENVIRONMENT (2017)

Article Business, Finance

Managers' green investment disclosures and investors' reaction

Patrick R. Martin et al.

JOURNAL OF ACCOUNTING & ECONOMICS (2016)

Article Economics

Corporate social responsibility and financial performance in Islamic banks

Christine Mallin et al.

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION (2014)

Article Business, Finance

Corporate performance, managerial ownership and endogeneity: A simultaneous equations analysis for the Athens stock exchange

A. A. Drakos et al.

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE (2010)

Article Business, Finance

Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches

Mitchell A. Petersen

REVIEW OF FINANCIAL STUDIES (2009)

Article Business

Board independence, firm performance and ownership concentration:: Evidence from Chile

Fernando Lefort et al.

JOURNAL OF BUSINESS RESEARCH (2008)

Article Business

Environmental risk management and the cost of capital

Mark P. Sharfman et al.

STRATEGIC MANAGEMENT JOURNAL (2008)

Article Economics

It pays to be green - A premature conclusion?

Kjetil Telle

ENVIRONMENTAL & RESOURCE ECONOMICS (2006)

Article Business, Finance

The relevance of the value relevance literature for financial accounting standard setting: another view

ME Barth et al.

JOURNAL OF ACCOUNTING & ECONOMICS (2001)

Article Business, Finance

Forecasting crashes: trading volume, past returns, and conditional skewness in stock prices

J Chen et al.

JOURNAL OF FINANCIAL ECONOMICS (2001)