Effect of Accounting and ESG Controversies on Financial Performance: Moderating Effect of ESG
Copyright policy )Effect of Accounting and ESG Controversies on Financial Performance: Moderating Effect of ESG
This study unveils the crucial impact of ESG (Environmental, Social and Governance) performance on controversies and the firm performance nexus for companies listed in S&P1500. We measure firm performance regarding market-based (Tobin’s Q) and profitability-based (ROA) performance, while controversies are gauged by accounting and ESG-related issues. To achieve the highest level of accuracy, we employ the System Generalized Method of Moments (GMM) estimation to address for endogeneity. The key findings reveal a positive interaction effect between lagged ESG and controversies about market-based performance. However, lagged ESG does not significantly impact profitability-based performance measures in the context of controversies.
Muhasebe Tartışmaları;ESG Tartışmaları;Çevresel;Sosyal ve Yönetişim (ESG);Piyasa Bazlı Performans;Karlılık Bazlı Performans, Muhasebe, Denetim ve Mali Sorumluluk (Diğer), Accounting Controversies;ESG Controversies;ESG;Market Based Performance;Profitability Based Performance, Accounting, Auditing and Accountability (Other)
Muhasebe Tartışmaları;ESG Tartışmaları;Çevresel;Sosyal ve Yönetişim (ESG);Piyasa Bazlı Performans;Karlılık Bazlı Performans, Muhasebe, Denetim ve Mali Sorumluluk (Diğer), Accounting Controversies;ESG Controversies;ESG;Market Based Performance;Profitability Based Performance, Accounting, Auditing and Accountability (Other)
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).1 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!