Impact of ESG factors on firm risk in Europe

By Remmer Sassen, Anne-Kathrin Hinze, Inga Hardeck. 2016

523 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/0b63d666b13b4bac1426b4968434bfe5dc38861a

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Citations in the corpus

ESG and Corporate Financial Performance: Empirical Evidence from China’s Listed Power Generation Companies (2018, background): “[15] studied the correlation between ESG performance and the systematic, specific, and total risks of 8752 listed companies in Europe between 2002 and 2014.”
Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition (2020, background): “Although the EPU reduces corporate investment level (Gulen & Ion, 2016; Kang et al., 2014), firms increase their ESG practices, which in turn alleviate firm risk (Albuquerque et al., 2019; Benlemlih et al., 2018; Cai et al., 2016; Sassen et al., 2016).”
Sensitive industries produce better ESG performance: Evidence from emerging markets (2017, methodology): “Sassen et al. (2016); Cheng et al. (2014) Environmental performance ¼ Measure that varies from 0 to 100%.”
ESG Importance for Long-Term Shareholder Value Creation: Literature vs. Practice (2021, background): “(2016), who argue that a firm’s risk is an important determinant of the cost of capital and, consequently, that ESG has a direct impact on the company’s value [11].”
Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis (2021, background): “Sassen et al. (2016) show that ESG has a negative and significant impact on all types of risk related to the firm.”
Environmental, Social, Governance Activities and Firm Performance: Evidence from China (2021, background): “Sharfman and Fernando found that effective ESG risk management strategies can enhance the flexibility of companies to respond to economic downturns, thereby reducing the company’s systemic risks [32,33].”
ESG and reputation: The case of sanctioned Italian banks (2020, background): “…between environmental engagement and corporate risk on a sample of 142 banks and verify that banks that are more sensitive to environmental issues are also less risky while Sassen, Hinze, and Hardeck (2016) investigate the impact of corporate social performance – intended as ESG – on risk firm.”