The Effect of Environmental, Social and Governance Consistency on Economic Results
By Idoya Ferrero-Ferrero, María Ángeles Fernández-Izquierdo, María Jesús Muñoz-Torres. 2016
120 citations recorded by the source corpus.
This study aims to explore how environmental, social and governance (ESG) consistency impacts the firm performance, specifically, the relationship between ESG performance and economic performance (EP). This study posits that the company’s commitment and effectiveness towards the creation of consistent competitive advantage in environmental, social and governance dimensions constitutes an intangible value that leads improvements in corporate performance. This work uses a panel dataset for listed firms of the EU-15 countries during the period 2002 to 2011 and applies Generalized method of moments (GMM) estimator system in order to address the potential unobserved heterogeneity and dynamic endogeneity. The main results reveal that the global effect of ESG performance on EP for those firms that present interdimensional consistency is greater than the rest, except for higher levels of ESG performance.
Subfields: Economics and Econometrics, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/91431ef192b15621849d0b91f9c1ed42bd8996b9
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
In Marketing
In Strategy and Management
Citations in the corpus
- Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh (2018, background): “Moreover, ESG virtuous companies can gain customer loyalty, corporate reputation, access to capital, cost savings, innovation capacity, human resource management, and risk management [12], and these, in turn, increase the productivity and the payoff achieved in the long run [13].”
- Doing Well by Doing Good: A Systematic Review and Research Agenda for Sustainable Investment (2019, unknown): “[97]; Amaeshi [103]; Ferrero-Ferrero, Fernández-Izquierdo, & Muñoz-Torres [104]; D.”
- DOES ENVIRONMENTAL, SOCIAL AND GOVERNANCE PERFORMANCE INFLUENCE ECONOMIC PERFORMANCE? (2020, background): “A substantial amount of empirical studies found a significant relationship between ESG and economic performance (Ambec & Lanoie, 2008; Ferrero-Ferrero et al., 2016; Velte, 2017; Yoon et al., 2018; Zhao et al., 2018) while some found an insignificant relationship (Landi & Sciarelli, 2019; Margolis & ”