Relationship between ESG and Financial Performance of Companies in the Central and Eastern European Region
By:
References
- Albitar, K., Hussainey, K., Kolade, N., & Gerged, A. (2019). ESG Disclosure and Firm Performance Before and After IR: The Moderating Role of Governance Mechanisms. International Journal of Accounting and Information Management, 28, 1–21. https://doi.org/10.1108/IJAIM-09-2019-0108
- Anklesaria-Dalal, K., & Thaker, N. (2019). ESG and Corporate Financial Performance: A Panel Study of Indian Companies. IUP Journal of Corporate Governance, 18, 44–59.
- Azmi, W., Hassan, M. K., Houston, R., & Karim, M. S. (2021). ESG Activities and Banking Performance: International Evidence from Emerging Economies. Journal of International Financial Markets, Institutions and Money, 70, 101277. https://doi.org/10.1016/j.intfin.2020.101277
- Bek-Gaik, B., & Rymkiewicz, B. (2015). Wpływ CSR na finansowe miary dokonań jednostek. Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia, nr 73 Ryzyko, zarządzanie, wartość, 151–165.
- Bilgin, M. H., Danisman, G. O., Demir, E., & Tarazi, A. (2021). Bank Credit in Uncertain Times: Islamic Vs. Conventional Banks. Finance Research Letters, 39, 101563. https://doi.org/10.1016/j.frl.2020.101563
- Bruna, M. G., Loprevite, S., Raucci, D., Ricca, B., & Rupo, D. (2022). Investigating the Marginal Impact of ESG Results on Corporate Financial Performance. Finance Research Letters, 47, 102828. https://doi.org/10.1016/j.frl.2022.102828
- Buallay, A. (2019). Is Sustainability Reporting (ESG) Associated with Performance? Evidence From the European Banking Sector. Management of Environmental Quality: An International Journal, 30(1), 98–115. https://doi.org/10.1108/MEQ-12-2017-0149
- Caldeira dos Santos, M., & Pereira, F. H. (2022). ESG Performance Scoring Method to Support Responsible Investments in Port Operations. Case Studies on Transport Policy, 10(1), 664–673. https://doi.org/10.1016/j.cstp.2022.01.027
- Cheng, Beiting, I., Ioannis, Serafeim, G. (2013). Corporate Social Responsibility and Access to Finance. Strategic Management Journal. https://doi.org/10.1002/smj.2131
- Chojnacka, E., & Jadanowska, E. (2020). Użyteczność i korzyści ujawniania informacji niefinansowych – wyniki badania ankietowego przeprowadzonego wśród spółek notowanych na Giełdzie Papierów Wartościowych w Warszawie. Zeszyty Teoretyczne Rachunkowości, 106(162), 45–65.
- Friede, G., Busch, T., & Bassen, A. (2015). ESG And Financial Performance: Aggregated Evidence from more than 2000 Empirical Studies. Journal of Sustainable Finance & Investment, 5(4), 210–233. https://doi.org/10.1080/20430795.2015.1118917
- Friedman, M. (1970). A Theoretical Framework for Monetary Analysis. Journal of Political Economy, 78(2), 193–238. https://doi.org/10.1086/259623
- Galletta, S., Mazzù, S., & Naciti, V. (2022). A Bibliometric Analysis of ESG Performance in the Banking Industry: From the Current Status to Future Directions. Research in International Business and Finance, 62(October 2021), 101684. https://doi.org/10.1016/j.ribaf.2022.101684
- Haans, R. F. J., Pieters, C., & He, Z. L. (2016). Thinking About U: Theorizing and Testing U- and Inverted U-Shaped Relationships in Strategy Research. Strategic Management Journal, 37(7), 1177–1195. https://doi.org/10.1002/SMJ.2399
- Heli, W., Jaepil, C., & Jiatao, L. (2008). Too Little or Too Much? Untangling the Relationship Between Corporate Philanthropy and Firm Financial Performance. Organization Science, 19(1), 143–159. https://doi.org/10.1287/ORSC.1070.0271
- Jo, H., & Harjoto, M. A. (2011). Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. Journal of Business Ethics 2011 103:3, 103(3), 351–383. https://doi.org/10.1007/S10551-011-0869-Y
- Kabir, M. A., & Chowdhury, S. S. (2022). Empirical Analysis of The Corporate Social Responsibility and Financial Performance Causal Nexus: Evidence From The Banking Sector of Bangladesh. Asia Pacific Management Review. https://doi.org/10.1016/j.apmrv.2022.01.003
- Khanna, T., & Palepu, K. (2000). Emerging Market Business Groups, Foreign Intermediaries, and Corporate Governance (pp. 265–294) [NBER Chapters]. National Bureau of Economic Research, Inc. https://econpapers.repec.org/bookchap/nbrnberch/9012.htm
- Kwiatkowski, T., Micek, G., & Łapczyński, M. (2023). Perceived Social Capital and Institutional Environment‘s Impact on the Success of Regional Cluster Policies. Central European Economic Journal, 10(57), 198–218. https://doi.org/10.2478/ceej-2023-0012
- Maruszewska, E. W., & Tuszkiewicz, M. A. (2024). Boundaries of Management Performance Measures (MPMs) Disclosed in Primary Financial Statements Prepared in Accordance with New Standard Planned to Supersede IAS 1. Central European Economic Journal, 11(58), 1–16. https://doi.org/10.2478/ceej-2024-0001
- Mikołajek-Gocejna, M. (2024). The Relationship Between ESG Rating and Firm Value – Evidence from Companies Listed in Poland. Central European Economic Journal. https://doi.org/10.2478/ceej-2024-0011
- Morrison, R. (2021). Environmental, Social, and Governance Theory: Defusing a Major Threat to Shareholder Rights. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3845709
- Moudud-Ul-Huq, S. (2019). Banks’ Capital Buffers, Risk, and Efficiency in Emerging Economies: Are They Counter-Cyclical? Eurasian Economic Review, 9(4), 467–492. https://doi.org/10.1007/s40822-018-0121-5
- Nollet, J., Filis, G., & Mitrokostas, E. (2016). Corporate Social Responsibility and Financial Performance: A Non-Linear and Disaggregated Approach. Economic Modelling, 52, 400–407. https://doi.org/10.1016/j.econmod.2015.09.019
- Refinitiv. (2022). Environmental, Social and Governance (ESG) Scores from Refinitiv. https://www.lseg.com/content/dam/marketing/en_us/documents/methodology/refinitiv-esg-scores-methodology.pdf
- Ruf, B. M., Muralidhar, K., Brown, R. M., Janney, J. J., & Paul, K. (2001). An Empirical Investigation of the Relationship Between Change in Corporate Social Performance and Financial Performance: A Stakeholder Theory Perspective. Journal of Business Ethics, 32(2), 143–156. https://doi.org/10.1023/A:1010786912118
- Sikacz, H., & Wołczek, P. (2017). Analiza ESG spółek z indeksu RESPECT – podsumowanie badań. Zeszyty Naukowe SGGW, Polityki Europejskie, Finanse i Marketing, 18(67), 170–180. https://doi.org/10.22630/PEFIM.2017.18.67.32
- Velte, P. (2017). Does ESG Performance Have an Impact on Financial Performance? Evidence from Germany. Journal of Global Responsibility, 8(2), 169–178. https://doi.org/10.1108/JGR-11-2016-0029
Language: English
Page range: 178 - 199
Published on: Apr 30, 2024
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 1 times per year
Related subjects:
© 2024 Karolina Siwiec, Renata Karkowska, published by Sciendo
This work is licensed under the Creative Commons Attribution 4.0 License.