Deciphering the ESG-Performance Conundrum. An Analysis of the Relationship and Causality in Corporate Financial Performance

Inhaltsverzeichnis (Table of Contents)

• Introduction
  • ESG overview
  • The impact of ESG on corporate sustainability
  • Historical overview of the relationship between ESG and company performance
• Study aim
• Related Literature
• Data and Methods
• Results and discussion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This study investigates the relationship between ESG and corporate performance to determine if there is a causal link between them. It aims to clarify the impact of ESG on company performance and vice versa. The study examines various company performance indicators, including Return on Equity (ROE) and Market-to-Book ratio (MTB).

• Relationship between ESG and corporate performance
• Influence of ESG on corporate sustainability
• Impact of company performance on ESG
• ESG as a strategy for responsible investment
• Corporate social responsibility (CSR) and its connection to ESG

Zusammenfassung der Kapitel (Chapter Summaries)

• Introduction: This chapter introduces the concept of ESG and its role in responsible investment. It discusses the three main criteria covered by ESG – environmental, social, and governance – and their significance for corporate sustainability. It also provides a brief overview of the historical relationship between ESG and company performance.
• Study aim: This chapter defines the study’s aim and objectives. It clarifies the research question and the specific aspects of the relationship between ESG and corporate performance that the study will investigate.
• Related Literature: This chapter explores existing research on the relationship between ESG and corporate performance. It examines various studies that have investigated the influence of ESG on company performance and highlights the different perspectives and findings.
• Data and Methods: This chapter describes the data and methods used in the study. It outlines the specific data sources, the sample of companies, and the statistical methods employed to analyze the relationship between ESG and corporate performance.
• Results and discussion: This chapter presents the results of the study and analyzes them in detail. It examines the impact of ESG on various company performance indicators and investigates the potential causality between them.

Schlüsselwörter (Keywords)

The study focuses on the following key terms and concepts: Environmental, Social, and Governance (ESG), Corporate Social Responsibility (CSR), company performance, corporate sustainability, responsible investment, sustainable finance, and institutional investors.