Influence of ESGC Indicators on Financial Performance of Listed Travel and Leisure Companies
| Autor: | Mercedes Rodríguez-Fernández, Eva M. Sánchez-Teba, Alberto A. López-Toro, Susana Borrego-Domínguez |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2019 |
| Předmět: |
tobin’s q
governance pillar media_common.quotation_subject Geography Planning and Development TJ807-830 Accounting Sample (statistics) Management Monitoring Policy and Law TD194-195 Renewable energy sources Tobin's q financial performance 0502 economics and business GE1-350 media_common environmental pillar 050208 finance controversies Environmental effects of industries and plants Renewable Energy Sustainability and the Environment business.industry Corporate governance 05 social sciences reputation social pillar Stock market index Leisure industry Environmental sciences Accountability return of assets (roa) Business return of equity (roe) 050203 business & management Tourism Reputation |
| Zdroj: | Sustainability, Vol 11, Iss 19, p 5529 (2019) Sustainability Volume 11 Issue 19 |
| ISSN: | 2071-1050 |
| Popis: | The objective of this work was to research the impact of environmental, social, governance, and controversies (ESGC) indicators on financial performance. We used a sample of financial and nonfinancial business data from international countries for 2017 obtained through the Thomson Reuters environmental, social, and corporate governance (ESG) database. The company participants in the study belong to the tourism sector and are listed on international stock market indices. The methodology used was based on parametric and nonparametric statistical tests. Evidence supports that governance practices significantly influence financial performance. The contribution of the study is two-fold&mdash from a theoretical perspective, it adds to the existing literature and, from an empirical point of view, we developed ESGC indicators and their relationship with financial performance using a binary regression logistic model, with results that can be applied to an international tourist perspective. |
| Databáze: | OpenAIRE |
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