The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5

Businesses are generally thought of as profit-oriented entities. However, a number of investors have become more aware about the rampant social and environmental problems that the world has been facing that they demanded companies to do sustainability efforts, relating to the environment, social, an...

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Main Authors: Abaniel, Arvin Marion Barroga, Domingo, Sophia-anne Marie Lavarez, Jarin, Mike Alvinjay Ramos, Villanueva, Josef Marcelus Igle
Format: text
Language:English
Published: Animo Repository 2022
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Online Access:https://animorepository.dlsu.edu.ph/etdb_acc/22
https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1060&context=etdb_acc
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Institution: De La Salle University
Language: English
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spelling oai:animorepository.dlsu.edu.ph:etdb_acc-10602022-08-30T06:52:50Z The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5 Abaniel, Arvin Marion Barroga Domingo, Sophia-anne Marie Lavarez Jarin, Mike Alvinjay Ramos Villanueva, Josef Marcelus Igle Businesses are generally thought of as profit-oriented entities. However, a number of investors have become more aware about the rampant social and environmental problems that the world has been facing that they demanded companies to do sustainability efforts, relating to the environment, social, and governance (ESG) pillars. Over the years, ESG has grown and has been a focus of various studies; yet no conclusive evidence has been found due to differing results obtained. Nonetheless, ESG performance carries a potential to serve as an edge of firms in today’s competitive market. With this, the study aimed to determine the impact of ESG on the firm performance of listed companies in the ASEAN-5 in terms of financial performance, firm value, and stock performance. The ESG scores and firm performance data of a total enumeration of 170 firms were retrieved from Thomson Reuters (Refinitiv Eikon) and analyzed using panel data analysis to determine whether ESG has a significant impact on the variables. This study found that Composite ESG Performance has a significant negative impact on Financial Performance, and that Environmental Pillar Performance has a significant positive impact on Stock Performance. Ultimately, the study concluded that ESG Performance has no significant impact on Firm Performance. Relevant recommendations for publicly-listed companies, investors, regulators, the academe, and future researchers were also provided. 2022-07-01T07:00:00Z text application/pdf https://animorepository.dlsu.edu.ph/etdb_acc/22 https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1060&context=etdb_acc Accountancy Bachelor's Thesis English Animo Repository Corporations—Finance—Environmental aspects Sustainability Sustainable development Social responsibility of business Accounting Business Law, Public Responsibility, and Ethics Management Sciences and Quantitative Methods
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
language English
topic Corporations—Finance—Environmental aspects
Sustainability
Sustainable development
Social responsibility of business
Accounting
Business Law, Public Responsibility, and Ethics
Management Sciences and Quantitative Methods
spellingShingle Corporations—Finance—Environmental aspects
Sustainability
Sustainable development
Social responsibility of business
Accounting
Business Law, Public Responsibility, and Ethics
Management Sciences and Quantitative Methods
Abaniel, Arvin Marion Barroga
Domingo, Sophia-anne Marie Lavarez
Jarin, Mike Alvinjay Ramos
Villanueva, Josef Marcelus Igle
The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5
description Businesses are generally thought of as profit-oriented entities. However, a number of investors have become more aware about the rampant social and environmental problems that the world has been facing that they demanded companies to do sustainability efforts, relating to the environment, social, and governance (ESG) pillars. Over the years, ESG has grown and has been a focus of various studies; yet no conclusive evidence has been found due to differing results obtained. Nonetheless, ESG performance carries a potential to serve as an edge of firms in today’s competitive market. With this, the study aimed to determine the impact of ESG on the firm performance of listed companies in the ASEAN-5 in terms of financial performance, firm value, and stock performance. The ESG scores and firm performance data of a total enumeration of 170 firms were retrieved from Thomson Reuters (Refinitiv Eikon) and analyzed using panel data analysis to determine whether ESG has a significant impact on the variables. This study found that Composite ESG Performance has a significant negative impact on Financial Performance, and that Environmental Pillar Performance has a significant positive impact on Stock Performance. Ultimately, the study concluded that ESG Performance has no significant impact on Firm Performance. Relevant recommendations for publicly-listed companies, investors, regulators, the academe, and future researchers were also provided.
format text
author Abaniel, Arvin Marion Barroga
Domingo, Sophia-anne Marie Lavarez
Jarin, Mike Alvinjay Ramos
Villanueva, Josef Marcelus Igle
author_facet Abaniel, Arvin Marion Barroga
Domingo, Sophia-anne Marie Lavarez
Jarin, Mike Alvinjay Ramos
Villanueva, Josef Marcelus Igle
author_sort Abaniel, Arvin Marion Barroga
title The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5
title_short The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5
title_full The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5
title_fullStr The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5
title_full_unstemmed The impact of ESG ratings on the firm performance of listed companies in the ASEAN-5
title_sort impact of esg ratings on the firm performance of listed companies in the asean-5
publisher Animo Repository
publishDate 2022
url https://animorepository.dlsu.edu.ph/etdb_acc/22
https://animorepository.dlsu.edu.ph/cgi/viewcontent.cgi?article=1060&context=etdb_acc
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