Corporate Sustainable Practices and Profitability – Compatible?
نویسندگان
چکیده
Carbon risks and corporate social responsibility have emerged as top priorities in the global climate change agenda, leading shareholders to exert greater pressure on corporations adopt environmental, governance (ESG) practices policymakers consider regulatory actions carbon disclosures. Proponents stress that ESG strategies will improve financial performance, while detractors focus their large upfront costs. The literature is inconclusive part because it has focused predominantly environmental pillar alone, or a combined strategy without clearly delineating how also affect profitability. Distinguishing between three pillars of ESG, this paper finds each these individually well jointly are positively associated with findings robust firm-level controls for size access capital markets, macroeconomic variables, unobserved country year fixed effects may reflect differences tax jurisdictions disclosure stringency.
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ژورنال
عنوان ژورنال: Journal of economics and management sciences
سال: 2022
ISSN: ['2576-3008', '2576-3016']
DOI: https://doi.org/10.30560/jems.v5n2p13