The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Environmental, social, and governance and company profitability: Are financial intermediaries different?
Abstract
This paper investigates the association between environmental, social, and governance (ESG) disclosure and company profitability, as measured by return on assets (ROA). We first assess a method to indexing the ESG score of a large sample of U.S. listed companies based on MSCI ESG KLD STATS data from 2000 to 2016. The statistical model is run on 17,358 observations and studies the association of ROA and the three different dimensions of ESG score. Significant differences between industrial firms and financial intermediaries emerge. We find a significant and positive association between ESG and that the environmental awareness in banks is strongly related to profitability, providing implications for policy makers and policy takers.
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Cites
Corporate Social and Financial Performance: A Meta-Analysis
Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003) · Organization Studies · doi:10.1177/0170840603024003910 · Cited by 7,641
The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications
Donaldson, T., & Preston, L. E. (1995) · The Academy of Management Review · doi:10.2307/258887 · Cited by 5,846
Strategic Factor Markets: Expectations, Luck, and Business Strategy
Barney, J. B. (1986) · Management Science · doi:10.1287/mnsc.32.10.1231 · Cited by 5,548
How corporate social responsibility is defined: an analysis of 37 definitions
Dahlsrud, A. (2008) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.132 · Cited by 4,092
Economies of scope and the scope of the enterprise
Teece, D. J. (1980) · Journal of Economic Behavior & Organization · doi:10.1016/0167-2681(80)90002-5 · Cited by 1,775
The Link Between Corporate Social and Financial Performance: Evidence from the Banking Industry
Simpson, W. G., & Kohers, T. (2002) · Journal of Business Ethics · doi:10.1023/a:1013082525900 · Cited by 917
Cited by
ESG disclosure and Firm performance: A bibliometric and meta analysis
Khan, M. A. (2022) · Research in International Business and Finance · doi:10.1016/j.ribaf.2022.101668 · Cited by 566
Corporate governance and environmental social governance disclosure: A meta‐analytical review
Lagasio, V., & Cucari, N. (2019) · Corporate Social Responsibility and Environmental Management · doi:10.1002/csr.1716 · Cited by 447
Self-citationAbdi, Y., Li, X., & Càmara-Turull, X. (2022) · Environment, Development and Sustainability · doi:10.1007/s10668-021-01649-w · Cited by 432
Khaled, R., Ali, H., & Mohamed, E. K. A. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.127599 · Cited by 377
Sandberg, H., Alnoor, A., & Tiberius, V. (2023) · Business Strategy and the Environment · doi:10.1002/bse.3259 · Cited by 285
Metadata
- Authors
- Brogi, M., & Lagasio, V.
- Venue
- Corporate Social Responsibility and Environmental Management
- Publisher
- Wiley
- Published
- 2018-12-11
- Volume
- 26
- Issue
- 3
- Pages
- 576-587
- ISSN
- 1535-3958 (ISSN-L)
- 1535-3966
- OpenAlex
- W2904183941
- Cited by
- 390
- References
- 6
- FWCI
- 24.72
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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