ESG and firm performance: Evidence from the Nordic countries

Tietueen suppeat tiedot
dc.contributor.authorVaihekoski Mika
dc.contributor.authorYahya Habeeb
dc.contributor.organizationfi=laskentatoimen ja rahoituksen laitos|en=Department of Accounting and Finance|
dc.contributor.organization-code1.2.246.10.2458963.20.70648218033
dc.converis.publication-id181837983
dc.converis.urlhttps://research.utu.fi/converis/portal/Publication/181837983
dc.date.accessioned2025-08-28T00:54:22Z
dc.date.available2025-08-28T00:54:22Z
dc.description.abstract<p>This study examines the relationship between ESG and firm financial performance and market valuation using data on publicly listed firms in the Nordic countries from 2010 to 2020. The results show that ESG scores and individual pillar scores are positively related to profitability and firm valuation except for the governance pillar score which is negatively related to profitability. Further analysis shows a bi-directional relationship between ESG and firm profitability. This aligns with earlier studies suggesting that corporate sustainability is a predictor as well as a consequence of corporate financial performance.<br></p>
dc.format.pagerange164
dc.format.pagerange189
dc.identifier.eissn2342-9011
dc.identifier.jour-issn2342-9003
dc.identifier.olddbid206651
dc.identifier.oldhandle10024/189678
dc.identifier.urihttps://www.utupub.fi/handle/11111/48102
dc.identifier.urlhttp://njb.fi/wp-content/uploads/2023/12/2_Vaihekoski_Yahya_NJB_3-23.pdf
dc.identifier.urnURN:NBN:fi-fe2025082787431
dc.language.isoen
dc.okm.affiliatedauthorVaihekoski, Mika
dc.okm.affiliatedauthorYahya, Habeeb
dc.okm.discipline511 Economicsen_GB
dc.okm.discipline512 Business and managementen_GB
dc.okm.discipline511 Kansantaloustiedefi_FI
dc.okm.discipline512 Liiketaloustiedefi_FI
dc.okm.internationalcopublicationnot an international co-publication
dc.okm.internationalityDomestic publication
dc.okm.typeA1 ScientificArticle
dc.publisherAssociation of Business Schools Finland
dc.publisher.countryFinlanden_GB
dc.publisher.countrySuomifi_FI
dc.publisher.country-codeFI
dc.relation.ispartofjournalNordic Journal of Business
dc.relation.issue3
dc.relation.volume73
dc.source.identifierhttps://www.utupub.fi/handle/10024/189678
dc.titleESG and firm performance: Evidence from the Nordic countries
dc.year.issued2023

Tiedostot

Näytetään 1 - 1 / 1
Name:
2_Vaihekoski_Yahya_NJB_3-23.pdf
Size:
867.02 KB
Format:
Adobe Portable Document Format
Lataa

Kokoelmat

Rinnakkaistallenteet