ENVIRONMENTAL, SOCIAL, GOVERNANCE INVESTING, COVID-19, AND CORPORATE PERFORMANCE IN MUSLIM COUNTRIES
Küçük Resim Yok
Tarih
2023
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Bank Indonesia Institute
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
We examine the impact of Environment, Social, and Governance–ESG investing on corporate performance of non-financial firms in Muslim countries during the pandemic. Employing the random effect panel model with 1,546 firm-year observations, we find that the ESG combined score and its pillars have significant influence on corporate performance during the COVID-19 period. Namely, the performance of firms with higher ESG is relatively less affected as compared to the performance of firms with lower ESG. We also note that firms in Malaysia and the United Arab Emirates with high ESG have better operational (financial) performance. Finally, from the sectorial perspective, health care and energy (consumer staples) firms with higher ESG have higher operational (financial) performance during the pandemic. © 2023 University of Ljubljana - Veterinary Faculty. All rights reserved.
Açıklama
Anahtar Kelimeler
Disclosure, ESG, Islamic, Pandemic, Sustainability
Kaynak
Journal of Islamic Monetary Economics and Finance
WoS Q Değeri
Scopus Q Değeri
Q3
Cilt
9
Sayı
1
