Publicação
ESG and corporate performance : evidence from panel data on profitability, valuation and risk
| authorProfile.email | coronettialessandro@gmail.com | |
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| dc.contributor.advisor | Ottonello, Giorgio | |
| dc.contributor.author | Coronetti, Alessandro | |
| dc.date.accessioned | 2026-01-30T14:38:59Z | |
| dc.date.available | 2026-01-30T14:38:59Z | |
| dc.date.issued | 2025-06-24 | |
| dc.date.submitted | 2025-05-21 | |
| dc.description.abstract | This thesis investigates the relationship between Environmental, Social, and Governance (ESG) performance and corporate financial outcomes using a nine-year panel of 579 publicly listed firms from developed markets. Fixed effects regressions on first-differenced data reveal that ESG improvements are significantly associated with higher profitability (ROE, ROA), while effects on valuation, firm size, and market risk are limited or context-dependent. Carbon intensity negatively impacts firm value, and ESG controversies undermine performance, though some firms benefit reputationally despite unresolved controversies. These findings underscore the materiality and complexity of ESG-finance linkages, offering insights for investors and policymakers seeking to integrate sustainability into decision-making. | eng |
| dc.identifier.tid | 204127807 | |
| dc.identifier.uri | http://hdl.handle.net/10362/199874 | |
| dc.language.iso | eng | |
| dc.relation | UID/ECO/00124/2013 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | ESG performance | |
| dc.subject | Corporate Financial PerformanceCorporate financial performanceCorporate financial performance | |
| dc.subject | Panel data regression | |
| dc.subject | Carbon intensity | |
| dc.subject | ESG controversies | |
| dc.subject | Sustainable finance | |
| dc.title | ESG and corporate performance : evidence from panel data on profitability, valuation and risk | eng |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Economics from the Nova School of Business and Economics |