- Published
- 2022-11-17
- Venue
- Borsa Istanbul Review, vol. 22, pp. S119-S127
- Cited by
- 832
- Open access
- Yes, gold
- DOI
- 10.1016/j.bir.2022.11.006
Abstract
In this study, we examine impact of Environment, Social, Governance (ESG) performance on firm value and profitability. Our large dataset gives us the chance to better conceptualize this impact. Our findings suggest that overall ESG combined score is positively and significantly associated with firm value. Individual Social and Governance scores have a positive and significant relationship while Environment score does not have a significant relationship with firm value. On the other hand, ESG combined score, Environment, Social, and Governance scores have positive and significant relationships with firm profitability. These findings suggest that investing in high ESG performance promises financial return for the firm in terms of both value and profitability.
Cite this paper
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- APA 7
Aydoğmuş, M., Gülay, G., & ERGUN, K. (2022). Impact of ESG performance on firm value and profitability. Borsa Istanbul Review, 22, S119–S127. https://doi.org/10.1016/j.bir.2022.11.006
- MLA 9
Aydoğmuş, Mahmut, et al. "Impact of ESG performance on firm value and profitability." Borsa Istanbul Review, vol. 22, 2022, pp. S119–S127, https://doi.org/10.1016/j.bir.2022.11.006.
- Chicago
Aydoğmuş, Mahmut, Güzhan Gülay, and Korkmaz ERGUN. "Impact of ESG performance on firm value and profitability." Borsa Istanbul Review 22 (2022): S119–S127. https://doi.org/10.1016/j.bir.2022.11.006.
- GOST
Aydoğmuş M., Gülay G., ERGUN K. Impact of ESG performance on firm value and profitability // Borsa Istanbul Review. — 2022. — Vol. 22. — P. S119–S127. — URL: https://doi.org/10.1016/j.bir.2022.11.006
- BibTeX
@article{aydogmus2022impact, title = {{Impact of ESG performance on firm value and profitability}}, author = {Mahmut Aydoğmuş and Güzhan Gülay and Korkmaz ERGUN}, journal = {Borsa Istanbul Review}, year = {2022}, volume = {22}, pages = {S119--S127}, doi = {10.1016/j.bir.2022.11.006}, url = {https://doi.org/10.1016/j.bir.2022.11.006} }- RIS
TY - JOUR AU - Aydoğmuş, Mahmut AU - Gülay, Güzhan AU - ERGUN, Korkmaz TI - Impact of ESG performance on firm value and profitability JO - Borsa Istanbul Review VL - 22 SP - S119 EP - S127 PY - 2022 DA - 2022/11/17 DO - 10.1016/j.bir.2022.11.006 UR - https://doi.org/10.1016/j.bir.2022.11.006 ER -