Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis

This study re-examines the impact of ESG (economic, environmental, social, and corporate governance performance) on the financial performance of UK firms. Most recent sample of 351 firms from FTSE350 for the time period 2002–2018 is used. The study estimates the impact of total ESG and individual di...

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Autores principales:	Nisar Ahmad, Asma Mobarek, Naheed Nawazesh Roni
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	financial performance corporate esg performance; ftse350 uk firms moderator static and dynamic panel data analysis Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/5b27ecf0f4854375b93bc71f6e36679e
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spelling	oai:doaj.org-article:5b27ecf0f4854375b93bc71f6e36679e2021-12-02T13:32:16ZRevisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis2331-197510.1080/23311975.2021.1900500https://doaj.org/article/5b27ecf0f4854375b93bc71f6e36679e2021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1900500https://doaj.org/toc/2331-1975This study re-examines the impact of ESG (economic, environmental, social, and corporate governance performance) on the financial performance of UK firms. Most recent sample of 351 firms from FTSE350 for the time period 2002–2018 is used. The study estimates the impact of total ESG and individual dimensions of ESG on corporate financial performance using static and dynamic panel data techniques, and it also examines the impact of high and low ESG on firm financial performance. Further, the study investigates the role of firm size as a moderator in the relationship between ESG and firm financial performance. The results of total ESG performance indicate that ESG has a positive and significant impact on firm financial performance. However, in the case of the individual ESG performance, the results are mixed. Overall, the results confirm that high ESG firms show high financial performance as compared to low ESG firms. Results indicate that firm size moderates the relationship between ESG performance and firm financial performance.Nisar AhmadAsma MobarekNaheed Nawazesh RoniTaylor & Francis Grouparticlefinancial performancecorporate esg performance; ftse350 uk firmsmoderatorstatic and dynamic panel data analysisBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	financial performance corporate esg performance; ftse350 uk firms moderator static and dynamic panel data analysis Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	financial performance corporate esg performance; ftse350 uk firms moderator static and dynamic panel data analysis Business HF5001-6182 Management. Industrial management HD28-70 Nisar Ahmad Asma Mobarek Naheed Nawazesh Roni Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis
description	This study re-examines the impact of ESG (economic, environmental, social, and corporate governance performance) on the financial performance of UK firms. Most recent sample of 351 firms from FTSE350 for the time period 2002–2018 is used. The study estimates the impact of total ESG and individual dimensions of ESG on corporate financial performance using static and dynamic panel data techniques, and it also examines the impact of high and low ESG on firm financial performance. Further, the study investigates the role of firm size as a moderator in the relationship between ESG and firm financial performance. The results of total ESG performance indicate that ESG has a positive and significant impact on firm financial performance. However, in the case of the individual ESG performance, the results are mixed. Overall, the results confirm that high ESG firms show high financial performance as compared to low ESG firms. Results indicate that firm size moderates the relationship between ESG performance and firm financial performance.
format	article
author	Nisar Ahmad Asma Mobarek Naheed Nawazesh Roni
author_facet	Nisar Ahmad Asma Mobarek Naheed Nawazesh Roni
author_sort	Nisar Ahmad
title	Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis
title_short	Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis
title_full	Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis
title_fullStr	Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis
title_full_unstemmed	Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis
title_sort	revisiting the impact of esg on financial performance of ftse350 uk firms: static and dynamic panel data analysis
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/5b27ecf0f4854375b93bc71f6e36679e
work_keys_str_mv	AT nisarahmad revisitingtheimpactofesgonfinancialperformanceofftse350ukfirmsstaticanddynamicpaneldataanalysis AT asmamobarek revisitingtheimpactofesgonfinancialperformanceofftse350ukfirmsstaticanddynamicpaneldataanalysis AT naheednawazeshroni revisitingtheimpactofesgonfinancialperformanceofftse350ukfirmsstaticanddynamicpaneldataanalysis
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Revisiting the impact of ESG on financial performance of FTSE350 UK firms: Static and dynamic panel data analysis

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