DOES ENVIRONMENTAL, SOCIAL AND GOVERNANCE PERFORMANCE INFLUENCE ECONOMIC PERFORMANCE?

被引：81
|
作者：
Cek, Kemal [1 ]
Eyupoglu, Serife [1 ]
机构：
[1] Near East Univ, Fac Econ & Adm Sci, Business Adm Dept, Nicosia, Turkey
来源：
JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT | 2020年 / 21卷 / 04期
关键词：
corporate social responsibility; economic performance; environmental performance; governance performance; social performance; structural equation modelling; AFFECT FINANCIAL PERFORMANCE; CORPORATE SUSTAINABILITY; ESG PERFORMANCE; FIRM VALUE; RESPONSIBILITY; DISCLOSURE; IMPACT; MANAGEMENT; MARKET; CSR;
D O I：
10.3846/jbem.2020.12725
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of this paper is to evaluate the influence of environmental, social and governance performance on the economic performance of the Standard & Poor's 500 companies. Structural equation modeling and linear regression have been utilized to measure the overall and individual influence of environmental, social and governance (ESG) performance on economic performance using longitudinal data comprising the years from 2010 to 2015. The overall ESG model had a significant relationship on economic performance. Furthermore, the findings of this study show that social and governance performance significantly affects economic performance in all regression models. However, environmental performance failed to show a significant relationship. The research contributes to the literature by providing insights for investors, managers and employees about the influence of ESG performance on company performance.
引用
收藏
页码：1165 / 1184
页数：20
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