Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/305387 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 741
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
This study investigated environmental, social, and governance (ESG) performance and its financial impacts across 38 economies from 2013 to 2022, with a special focus on firms in Asia. The main findings are as follows. First, notable disparities in ESG assessments were found across major rating agencies due to a lack of commensurability in ESG elements and evaluation methods. Second, the multilevel model analysis demonstrated considerable space for enhancing the ESG performance of companies in Asia, in contrast to that of their counterparts in Europe. Notably, the ESG practices of firms in Southeast Asia have stronger positive relationships with financial performance. Finally, inclusive wealth significantly moderates the financial impacts of ESG practices and can serve as a valuable sustainability indicator at the national level to inform ESG practices specific to different regions.
Schlagwörter: 
ESG performance
comparative CSR
inclusive wealth
multilevel regression model
JEL: 
M14
M41
O16
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Dokumentart: 
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