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ESG Valuation in Financial Markets by thomas.lerouge.tl is a document available to read on EtoBox.
What is ESG Valuation in Financial Markets about?
This study investigates the relationship between corporate sustainability (ESG performance) and firm value across 12 countries, revealing a cubic response function characterized by an S-shaped effect. The findings indicate that firm value initially increases with ESG ratings up to a threshold, then declines due to rising costs, before increasing again past a second threshold, influenced by growth options and stakeholder capacity. Additionally, the study highlights the moderating role of country-level instit
- Author
- thomas.lerouge.tl
- Language
- EN