可持续发展管理与财务绩效的关系——来自全球新兴市场的制造企业研究

Q3 Business, Management and Accounting

International Journal of Environment, Workplace and Employment Pub Date : 2019-11-04 DOI:10.1504/ijewe.2019.10025138

Yusuf Hassan, Sanchita Roychowdhury

{"title":"可持续发展管理与财务绩效的关系——来自全球新兴市场的制造企业研究","authors":"Yusuf Hassan, Sanchita Roychowdhury","doi":"10.1504/ijewe.2019.10025138","DOIUrl":null,"url":null,"abstract":"The objective of this study is to identify and analyse the causal relationship between a firm's sustainability management practices and its financial performance in global emerging economies. This study includes Granger causality and regression analysis of panel data of seven years for 119 manufacturing firms on environment, social and governance (ESG) indicators and measures for financial performance, i.e., ROA, ROE, price to book value and debt equity ratio. Through this study, we found that ESG factors hurt the financial performance of firms, but the vice-versa is may not true. Implications and future research have been suggested based on our observations.","PeriodicalId":35410,"journal":{"name":"International Journal of Environment, Workplace and Employment","volume":"1 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2019-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":"{\"title\":\"Nexus between sustainability management and financial performance - study on manufacturing firms from global emerging market\",\"authors\":\"Yusuf Hassan, Sanchita Roychowdhury\",\"doi\":\"10.1504/ijewe.2019.10025138\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The objective of this study is to identify and analyse the causal relationship between a firm's sustainability management practices and its financial performance in global emerging economies. This study includes Granger causality and regression analysis of panel data of seven years for 119 manufacturing firms on environment, social and governance (ESG) indicators and measures for financial performance, i.e., ROA, ROE, price to book value and debt equity ratio. Through this study, we found that ESG factors hurt the financial performance of firms, but the vice-versa is may not true. Implications and future research have been suggested based on our observations.\",\"PeriodicalId\":35410,\"journal\":{\"name\":\"International Journal of Environment, Workplace and Employment\",\"volume\":\"1 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-11-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"4\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Environment, Workplace and Employment\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1504/ijewe.2019.10025138\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Business, Management and Accounting\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Environment, Workplace and Employment","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/ijewe.2019.10025138","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}

引用次数: 4

摘要

本研究的目的是确定和分析一个公司的可持续发展管理实践和其财务绩效在全球新兴经济体之间的因果关系。本文对119家制造业企业的环境、社会和治理(ESG)指标和财务绩效衡量指标(即ROA、ROE、市净率和债务权益比)的7年面板数据进行格兰杰因果关系和回归分析。通过本研究，我们发现ESG因素会损害企业的财务绩效，反之则未必如此。根据我们的观察，提出了启示和未来的研究建议。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Nexus between sustainability management and financial performance - study on manufacturing firms from global emerging market

The objective of this study is to identify and analyse the causal relationship between a firm's sustainability management practices and its financial performance in global emerging economies. This study includes Granger causality and regression analysis of panel data of seven years for 119 manufacturing firms on environment, social and governance (ESG) indicators and measures for financial performance, i.e., ROA, ROE, price to book value and debt equity ratio. Through this study, we found that ESG factors hurt the financial performance of firms, but the vice-versa is may not true. Implications and future research have been suggested based on our observations.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

International Journal of Environment, Workplace and Employment Business, Management and Accounting-Organizational Behavior and Human Resource Management

CiteScore

0.30

自引率

0.00%

发文量

期刊介绍： IJEWM is a refereed reference and authoritative source of information in the field of environmental and waste management Together with its sister publications IJEP, IJETM and IJGEnvI, it provides a comprehensive coverage of environmental issues. It covers both engineering/technical and management solutions.