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Esg performance impact on firm´s investment attractiveness. An empirical study for The European technology sector
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| 1.81 MB | Adobe PDF |
Orientador(es)
Resumo(s)
This thesis highlights the ESG impact on firm’s performance. It is based on a sample of dataset
for the Technology Sector in Europe. A specific industry analysis is based on two parts. Firstly,
a Multiple Linear Regression analysis model is developed, where a significant positive
correlation between ESG and Tobin’s q is observed. The individual social dimension doesn’t
present a significant relationship on Tobin’s q, while the governance and environmental
components present a significant and positive relationship. Secondly, portfolio analysis was
conducted through the analysis of the risk-return relationship, where the CAPM model is
deployed to assess excess return compared to the market.
Descrição
Palavras-chave
Esg investing Tobin´s Q Stock returns Sustainable investing Valuation