The Impact of ESG Criteria on Firm Value: A Strategic Analysis of the Airline Industry
Sustainability,
Journal Year:
2024,
Volume and Issue:
16(19), P. 8300 - 8300
Published: Sept. 24, 2024
Environmental,
social,
and
governance
(ESG)
factors
are
crucial
in
evaluating
a
company’s
value.
High
ESG
scores
reflect
ethical
practices,
social
responsibility,
effective
governance.
This
paper
examines
the
impact
of
criteria
on
firm
value
within
airline
industry,
focusing
their
influence
operational
efficiency,
risk
reduction,
financial
performance.
Using
panel
data
analysis,
study
evaluates
from
32
companies
over
period
2018–2023,
with
an
explanatory
power
36.5%.
The
research
explores
how
integrating
environmental,
into
strategic
management
can
foster
sustainable
competitive
advantage.
It
focuses
utilizing
internal
resources,
meeting
needs
various
interested
parties,
balancing
financial,
environmental
findings
indicate
that
while
practices
enhance
through
improved
efficiency
management,
they
do
not
always
lead
to
higher
short-term
Moreover,
underscores
significance
where
robust
structures
mitigate
risks
but
may
also
increase
costs.
contributes
literature
by
providing
empirical
evidence
link
between
performance
emphasizing
importance
principles
for
long-term
sustainability
success.
Language: Английский
ESG activities and bank performance with the moderating influence of competition and regulatory quality: a study in the organization of Islamic countries
International Journal of Islamic and Middle Eastern Finance and Management,
Journal Year:
2025,
Volume and Issue:
unknown
Published: Jan. 7, 2025
Purpose
This
study
aims
to
investigate
whether
banks’
environmental,
social
and
governance
(ESG)
activities
impact
their
profitability
stability.
The
authors
also
explore
banking
industry
competition
the
country’s
regulatory
quality
moderate
of
ESG
on
Design/methodology/approach
sample
includes
data
from
46
banks
in
11
Organization
Islamic
Countries
(OIC)
2010
2020.
have
used
generalized
method
moments
(GMM)
as
primary
estimation
model,
with
robustness
tests
validate
research
findings.
Findings
results
show
that
neither
nor
its
components
bank
profitability.
Instead,
component
decrease
findings
support
stakeholder
theory
risk-management
view,
which
proposes
improve
financial
performance
reduce
unnecessary
risks.
However,
an
increase
market
power
(reduced
competition)
frees
resources
for
banks,
such
they
focus
more
activities,
improves
profitability,
albeit
at
reduced
stability
levels.
finding
supports
competition-related
differentiation
hypothesis.
Finally,
a
change
does
not
influence
or
institutions-ESG
proposition.
Research
limitations/implications
has
several
limitations.
First,
constrained
by
availability,
could
examine
OIC
countries.
Examining
outcomes
would
be
interesting
based
ethics
corporate
responsibility
perspectives.
set
recent
so
differential
COVID-19
estimated.
coverage
countries
was
limited
our
sample;
this
improved
future
research.
Practical
implications
Banks
should
evaluate
scope
communicate
long-term
strategic
benefits
stakeholders
align
strategy
business
model
offer
innovative
ESG-based
products.
They
recalibrate
risk
management
framework
catalyse
stakeholders’
trust.
Policymakers
control
level
can
foster
without
sacrificing
performance.
Also,
given
incentives
becomes
integral
growth,
direction
Social
part
maximize
stakeholders,
while
maintaining
providing
incentives.
Originality/value
To
best
authors’
knowledge,
is
first
extend
theoretical
literature
connecting
ESG-led
Language: Английский
The impact of ESG and the institutional environment on investment efficiency in China through the mediators of agency costs and financial constraints
Social Sciences & Humanities Open,
Journal Year:
2025,
Volume and Issue:
11, P. 101323 - 101323
Published: Jan. 1, 2025
Language: Английский
CSR, GCG and Company Size Impact on Profitability and Company Value
Jurnal Ekonomi,
Journal Year:
2025,
Volume and Issue:
30(1), P. 19 - 47
Published: March 27, 2025
This
research
investigates
the
influence
of
CSR,
GCG,
and
Company
Size
on
profitability
firm
value
manufacturing
companies
listed
Indonesia
Stock
Exchange.
With
a
sample
234
using
purposive
sampling,
study
adopts
quantitative
descriptive
explanatory
approach,
applying
SEM
for
hypothesis
testing.
The
results
indicate
positive
CSR
value,
while
GCG
company
size
negatively
affect
profitability.
Other
findings
include
negative
impact
through
implication
is
that
need
to
consider
in
their
strategies
enhance
investment
attractiveness.
Language: Английский
Role of country governance between sustainable development and firm value in emerging markets
Discover Sustainability,
Journal Year:
2025,
Volume and Issue:
6(1)
Published: April 8, 2025
Language: Английский
ESG and bank profitability: the moderating role of country sustainability in developing and developed economies
Green Finance,
Journal Year:
2025,
Volume and Issue:
7(2), P. 288 - 331
Published: Jan. 1, 2025
Language: Английский
The Effect of Environmental, Social, and Governance (ESG) on the Persistence of Firm Value: Evidence from Survival Analysis
Published: April 11, 2025
This
study
examines
the
effect
of
environmental,
social,
and
governance
(ESG)
performance
on
persistence
firm
value
among
publicly
listed
companies
in
Taiwan
from
2016
to
2023,
using
survival
analysis.
approach
addresses
a
gap
literature,
which
has
largely
overlooked
temporal
dimension
value.
The
findings
indicate
that
only
higher
social
scores
are
significantly
associated
with
longer
duration
persistence,
whereas
environmental
do
not
exhibit
this
effect.
Furthermore,
analysis
reveals
within
pillar,
product
quality
safety
contribute
meaningfully
sustaining
Although
previous
studies
have
often
linked
sustainability
practices
value,
present
suggest
such
effects
may
endure
over
time.
These
results
underscore
importance
aligning
ESG
initiatives
core
business
strategies
enhancing
disclosure
credibility
ensure
authentic
commitment.
Language: Английский
The Moderating Role of Worldwide Governance Indicators on ESG–Firm Performance Relationship: Evidence from Europe
Journal of risk and financial management,
Journal Year:
2025,
Volume and Issue:
18(4), P. 213 - 213
Published: April 14, 2025
Engaging
in
Environmental,
Social,
and
Governance
(ESG)
activities
entails
costs
that
influence
a
firm’s
financial
market
performance.
However,
it
is
expected
the
long-term
benefits
of
ESG
engagement
outweigh
these
costs,
leading
to
superior
Despite
extensive
research
on
ESG–performance
relationship,
findings
remain
mixed.
This
study
examines
moderating
effect
country
governance,
measured
by
Worldwide
Indicators
(WGIs),
relationship
between
firms’
scores
their
performance
European
context.
Using
two-stage
least
squares
(2SLS)
regression
model
dataset
spanning
12
years
(2011–2022)
for
2083
listed
firms,
we
find
WGI
significantly
moderates
relationship.
Our
results
indicate
alone
has
negative
impact
(ROA),
suggesting
associated
with
investments
often
short-term
benefits.
strong
governance
structures
mitigate
transforming
into
value-enhancing
activities.
Conversely,
positively
influences
(Tobin’s
Q),
signaling
value
investors.
Yet,
jurisdictions
frameworks,
this
diminishes,
as
compliance
becomes
baseline
expectation
rather
than
differentiating
factor.
Language: Английский
ESG and corporate performance: The moderating role of government subsidies and mediating effect of analyst coverage in Chinese A-share listed companies
Chenyao Tang,
No information about this author
Xiaolong Guo,
No information about this author
Xuan Li
No information about this author
et al.
PLoS ONE,
Journal Year:
2025,
Volume and Issue:
20(5), P. e0322190 - e0322190
Published: May 8, 2025
In
recent
years,
the
heightened
emphasis
on
sustainable
and
high-quality
economic
development
has
garnered
substantial
investor
interest
in
corporate
ESG
performance,
significantly
influencing
long-term
operational
stability
of
firms.
This
study,
based
data
from
A-share
listed
companies
2015
to
2022,
explores
relationship
between
performance
financial
performance.
research
employed
regression
analysis
examine
this
found
that
improved
enhances
especially
state-owned
enterprises
manufacturing
sector.
Additional
shows
government
subsidies
positively
influence
suggesting
amplify
positive
effects
initiatives
Mechanism
tests
suggest
increased
analyst
coverage
is
a
key
pathway
through
which
boosts
These
findings
underscore
importance
for
provide
empirical
evidence
supporting
role
amplifying
impact
outcomes.
Language: Английский