Does ESG Disclosure Influence Firm Performance?

نویسندگان

چکیده

This study aims to analyze the impact of environmental, social, and governance (ESG) disclosure on firm performance, given stakeholders’ increasing attention firm’s ESG practices. Looking at European context, Directive 2014/95/EU its update encouraged large companies provide about their socially responsible Acting within Agency Signaling theory frameworks, this paper focuses Italian situation where Legislative Decree 254/2016 implemented forced largest firms (those with more than 500 employees) disclose comprehensive information social environmental activities starting from 2017. By applying a panel regression analysis, using sample listed companies, considering time span 10 years (from 2011 2020), finds that there is positive relationship between measured by EBIT. Our findings will help firms’ stakeholders, decision-makers, policymakers, as well academics, improve awareness performance firm, both factor individually pillar. The findings, which support should incentivize managers invest in CSR

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ژورنال

عنوان ژورنال: Sustainability

سال: 2022

ISSN: ['2071-1050']

DOI: https://doi.org/10.3390/su14137595