The Effect of Environmental, Social and Governance Consistency on Economic Results
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Otros documentos de la autoría: Ferrero-Ferrero, Idoya; Fernandez-Izquierdo, Maria Angeles; Muñoz-Torres, María Jesus
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Mostrar el registro completo del ítemcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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INVESTIGACIONMetadatos
Título
The Effect of Environmental, Social and Governance Consistency on Economic ResultsFecha de publicación
2016-10Editor
MDPICita bibliográfica
FERRERO-FERRERO, Idoya; FERNÁNDEZ-IZQUIERDO, María Ángeles; MUÑOZ-TORRES, María Jesús. The Effect of Environmental, Social and Governance Consistency on Economic Results. Sustainability, 2016, vol. 8, no 10, p. 1005.Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.mdpi.com/2071-1050/8/10/1005/htmVersión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
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 ... [+]
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. [-]
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Sustainability 2016, 8(10)Derechos de acceso
© 2016 by the authors; licensee MDPI, Basel, Switzerland.
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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