文章基本信息

标题：The impact of ESG performance over financial performance: A study on global energy and power generation companies
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作者：Nasruzzaman Naeem ; Serkan Çankaya
期刊名称：International Journal of Commerce and Finance
电子版ISSN：2149-9608
出版年度：2022
卷号：8
期号：1
页码：1-25
语种：English
出版社：Istanbul Commerce University
摘要：This study aims to analyze the impact of environmental, social and governance (ESG) performance of global energy and power generation corporations over their corporate financial performance. The study explores the impact of the environmental, social and governance (ESG) operations and performance over profitability and market value of the corporations operating business in sensitive industries such as energy and power generation corporations using panel data regression. The ESG performance data and financial data of 192 energy and power generation firms from 2008 to 2019 were collected from the Thomson Reuters Eikon database for the statistical analyses. According to the results, ESG performance is correlated in a significant way with the financial performance of the energy and power generation corporations. The findings suggest that ESG performance has both positive and significant impacts over the profitability of the corporations but a negative impact over the market value of the corporations. This study adds value and importance to the ESG literature, sustainable business practice and sustainability reporting for the energy and power generation companies worldwide. Moreover, the findings of the study would assist the relevant investors, business analysts, industry regulators, policymakers, and decision-makers all other stakeholders who are interested in ESG and sustainability to take noteworthy decisions.