A carregar...
Publicação
Relationship between Esg scores and debt-to-equity ratios of energy companies - a panel data regression analysis
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 597.72 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This study investigates the relationship between the change in ESG scores and the change in debt-to-equity ratios for energy companies. Using panel-data on 119 global energy companies, a Pooled OLS and Fixed Effects regression analysis were conducted to research the relationship. The findings of this study suggest a significant negative relationship between the change in ESG scores and the change in debt-to-equity ratios for energy companies. This negative relationship is more pronounced for smaller firms. Also, a significant negative relationship was found between the change in the social and governance pillar scores, respectively, and the change in debt-to-equity ratios.
Descrição
Palavras-chave
Esg Capital structure Debt-to-equity ratio Energy companies