Beyond ESG Pillars: The Impact of the Sustainability Uncertainty Index on Tobin’s Q
References
- Barman, S., & Mahakud, J. (2025). Energy uncertainty and Firm Performance: Does ESG matter? The Journal of Economic Asymmetries. https://doi.org/10.1016/j.jeca.2025.e00413
- Chau, L., Anh, L., & Duc, V. (2025). Valuing ESG: How financial markets respond to corporate sustainability. International Business Review. https://doi.org/10.1016/j.ibusrev. 2025.102418
- Christine, A. F., Hakam, D. F., Nainggolan, Y. A., Wiryono, S. K., & Hakam, L. I. (2025). Environmental, social, and governance (ESG) impact on corporate financial strategy of energy and utilities companies worldwide. Energy Strategy Reviews. https://doi.org/10.1016/j.esr.2025.101916
- Ge, H., & Zhang, X. (2025). From uncertainty to sustainability: How climate policy uncertainty shapes corporate ESG? International Review of Economics and Finance. https://doi.org/10.1016/j.iref.2025.104011
- Hu, H., Zhang, T., & Dong, H. (2026). The signaling power of ESG reports: How corporate sustainability disclosure shapes investment decisions in China. International Review of Financial Analysis. https://doi.org/10.1016/j.irfa.2025.104691
- Koenker, R. (2004). Quantile regression for longitudinal data. Journal of Multivariate Analysis, 91(1), 74–89. https://doi.org/10.1016/j.jmva.2004.05.006
- Li, W., & Le, Y. (2026). Voluntary ESG information disclosure on social media and ESG rating divergence: evidence from Sina Weibo. China Journal of Accounting Research. https://doi.org/10.1016/j.cjar.2025.100463
- Ongan, S., Gocer, I., & Isik, C. (2025). Introducing the New ESG-Based Sustainability Uncertainty Index (ESGUI). Sustainable Development, 4457–4467. https://doi.org/10.1002/sd.3351
- Reis Cardillo, M. A., & Basso, L. F. (2025). The ESG disclosure–performance paradox in BRICS: Evidence from shareholder returns and firm value. Sustainable Futures. https://doi.org/10.1016/j.sftr.2025.101510
- Saha, R., & Maji, S. G. (2025). Does environmental, social, and governance (ESG) disclosure matter for carbon intensity? Evidence from S&P 500 firms. Journal of Environmental Management. https://doi.org/10.1016/j.jenvman.2025.125809
- Sahu, S. R., & Sur, J. K. (2025). Does ESG reporting enhance firm performance? Journal of Policy Modeling. https://doi.org/10.1016/j.jpolmod.2025.12.002
- Sariyer, G., & Taskin, D. (2022). Clustering of firms based on environmental, social, and governance ratings: Evidence from BIST sustainability index. Borsa Istanbul Review, S180-S188. https://doi.org/10.1016/j.bir.2022.10.009
- Xie, L., Peng, Z., Tong, X., & Zhou, W. (2026). ESG disclosure and financing constraints: Evidence from Chinese listed firms. Economic Analysis and Policy, 742-756. https://doi.org/10.1016/j.eap.2025.12.040
- Xu, M., Wong, C. W., Wong, C. Y., & Boon-itt, S. (2025). The impact of sustainability reporting on manufacturer market and operations performance: Five long-term event studies from signaling and stakeholder perspectives. International Journal of Production Economics. https://doi.org/10.1016/j.ijpe.2025.109771
- Zhang, H., Lai, J., & Guo, Z. (2025). When greenwashing meets ESG: Exploring the role of third-party ESG ratings in corporate greenwashing behavior. Journal of Business Research. https://doi.org/10.1016/j.jbusres.2025.115611
- Zhu, X., Yang, Y., & Hua, H. (2026). ESG disclosure, ESG rating disagreement and firm valuation in China: A pre-registered report. Pacific-Basin Finance Journal. https://doi.org/10.1016/j.pacfin.2026.103099
DOI: https://doi.org/10.2478/picbe-2026-0232 | Journal eISSN: 2558-9652
Language: English
Page range: 3085 - 3097
Published on: Jul 22, 2026
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year
Related subjects:
© 2026 Maria-Teodora PAPAINOG, Ana-Gabriela RUSU, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.