The Impact of Environmental Social Governance Management for Improving Gas Firm Performance
1
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
Purpose: Gas firms often fall victim to disregarding the importance of sensitivity, thus leading to many unprecedented repercussions. To ensure that gas firms fully contribute to sustainability and ethical standards, environmental Social Governance (ESG) has been identified as the ideal framework. This study aims to investigate the impact of ESG management for improving gas firm performance. Research design, data and methodology: The prior qualitative literature analysis was to figure out adequate past research for the topic based on the major portal web databased, such as ‘Google Scholar’ and ‘Scopus’ to make sure resources’ credibility. Results: Gas firms are among the pertinent organizations vis-à-vis environmental destruction issues. Gas firms emit dangerous gases such as ethane, carbon dioxide and methane that are dangerous for the people and the environment. Thus, many pro-environmental conservation stakeholders have had rallying calls for such gas firms to mitigate environmental pollution intentionally. Conclusions: This study may be used to human resources in improving employee results elsewhere. Besides, it can be of the essence in improving the relationship between such firms and society. Therefore, the study findings are of greater significance and implications to multiple parties, users and stakeholders regarding the research topic and beyond the current scope of the study.
Abstract
Purpose: Gas firms often fall victim to disregarding the importance of sensitivity, thus leading to many unprecedented repercussions. To ensure that gas firms fully contribute to sustainability and ethical standards, environmental Social Governance (ESG) has been identified as the ideal framework. This study aims to investigate the impact of ESG management for improving gas firm performance. Research design, data and methodology: The prior qualitative literature analysis was to figure out adequate past research for the topic based on the major portal web databased, such as ‘Google Scholar’ and ‘Scopus’ to make sure resources’ credibility. Results: Gas firms are among the pertinent organizations vis-à-vis environmental destruction issues. Gas firms emit dangerous gases such as ethane, carbon dioxide and methane that are dangerous for the people and the environment. Thus, many pro-environmental conservation stakeholders have had rallying calls for such gas firms to mitigate environmental pollution intentionally. Conclusions: This study may be used to human resources in improving employee results elsewhere. Besides, it can be of the essence in improving the relationship between such firms and society. Therefore, the study findings are of greater significance and implications to multiple parties, users and stakeholders regarding the research topic and beyond the current scope of the study.
참고문헌 (47)
- Alareeni, B. A., "ESG impact on the performance of US S&P 500-listed firms", Corporate Governance: The International Journal of Business in Society, 20(7), pp.1409~1428 (2020)
- Alsayegh, M. F., "Corporate economic, environmental, and social sustainability performance transformation through ESG disclosure", Sustainability, 12(9), pp.3910~ (2020)
- Amel-Zadeh, A., "Why and how investors use ESG information: Evidence from a global survey", Financial Analysts Journal, 74(3), pp.87~103 (2018)
- Aouadi, A., "Do ESG controversies matter for firm value? Evidence from international data", Journal of Business Ethics, 151, pp.1027~1047 (2018)
- Arayssi, M., "The impact of board composition on the level of ESG disclosures in GCC countries", Sustainability Accounting, Management and Policy Journal, 11(1), pp.137~161 (2020)
- Ashwin Kumar, N. C., "ESG factors and risk-adjusted performance: A new quantitative model", Journal of Sustainable Finance & Investment, 6(4), pp.292~300 (2016)
- Auer, B. R., "Do socially (ir) responsible investments pay off? New evidence from international ESG data", The Quarterly Review of Economics and Finance, 59, pp.51~62 (2016)
- Avramov, D., "Sustainable investing with ESG rating uncertainty", Journal of Financial Economics, 145(2), pp.642~664 (2022)
- Berg, F., "Aggregate confusion: The divergence of ESG ratings", Review of Finance, 26(6), pp.1315~1344 (2022)
- Birindelli, G., "Composition and activity of the board of directors: Impact on ESG performance in the banking system", Sustainability, 10(12), pp.4699~ (2018)
- Broadstock, D. C., "The role of ESG performance during the financial crisis: Evidence from COVID-19 in China", Finance research letters, 38, pp.101716~ (2021)
- Buallay, A., "Is sustainability reporting (ESG) associated with performance? Evidence from the European banking sector", Management of Environmental Quality: An International Journal, 30(1), pp.98~115 (2019)
- Capelle-Blancard, G., "Every little helps? ESG news and stock market reaction", Journal of Business Ethics, 157, pp.543~565 (2019)
- Christensen, D. M., "Why is corporate virtue in the eye of the beholder? The case of ESG ratings", The Accounting Review, 97(1), pp.147~175 (2022)
- Clementino, E., "How do companies respond to environmental, social and governance (ESG) ratings? Evidence from Italy", Journal of Business Ethics, 171, pp.379~397 (2021)
- Cornell, B., "ESG preferences, risk and return", European Financial Management, 27(1), pp.12~19 (2021)
- Dimson, E., "Divergent ESG ratings", The Journal of Portfolio Management, 47(1), pp.75~87 (2020)
- Dorfleitner, G., "Measuring the level and risk of corporate responsibility–An empirical comparison of different ESG rating approaches", Journal of Asset Management, 16, pp.450~466 (2015)
- Drempetic, S., "The influence of firm size on the ESG score: Corporate sustainability ratings under review", Journal of Business Ethics, 167, pp.333~360 (2020)
- Duque-Grisales, E., "Environmental, social and governance (ESG) scores and financial performance of multilatinas: Moderating effects of international geographic diversification and financial slack", Journal of Business Ethics, 168(2), pp.315~334 (2021)
- Eliwa, Y., "ESG practices and the cost of debt: Evidence from EU countries", Critical Perspectives on Accounting, 79, pp.102097~ (2021)
- Engelhardt, N., "ESG ratings and stock performance during the COVID-19 crisis", Sustainability, 13(13), pp.7133~ (2021)
- Escrig-Olmedo, E., "Rating the raters: Evaluating how ESG rating agencies integrate sustainability principles", Sustainability, 11(3), pp.915~ (2019)
- Fatemi, A., "ESG performance and firm value: The moderating role of disclosure", Global finance journal, 38, pp.45~64 (2018)
- Friede, G., "ESG and financial performance: aggregated evidence from more than 2000 empirical studies", Journal of sustainable finance & investment, 5(4), pp.210~233 (2015)
- Gibson Brandon, R., "ESG rating disagreement and stock returns", Financial Analysts Journal, 77(4), pp.104~127 (2021)
- Giese, G., "Foundations of ESG investing: How ESG affects equity valuation, risk, and performance", The Journal of Portfolio Management, 45(5), pp.69~83 (2019)
- Gillan, S. L., "Firms and social responsibility: A review of ESG and CSR research in corporate finance", Journal of Corporate Finance, 66, pp.101889~ (2021)
- Soomin HAN, "The Marketing Strategy to Stimulate Customer’s Interest in Art-Gallery Business Plan", 유통과학연구, 18(8), pp.47~54 (2020), 한국유통과학회[DOI]
- Huang, D. Z., "Environmental, social and governance (ESG) activity and firm performance: A review and consolidation", Accounting & Finance, 61(1), pp.335~360 (2021)
- Kang, E., "Employee compensation strategy as sustainable competitive advantage for HR education practitioners", Sustainability, 13(3), pp.1049~ (2021)
- Kotsantonis, S., "ESG integration in investment management: Myths and realities", Journal of Applied Corporate Finance, 28(2), pp.10~16 (2016)
- Li, T. T., "ESG: Research progress and prospects", Sustainability, 13(21), pp.11663~ (2021)
- Lokuwaduge, C. S. D. S., "Integrating environmental, social and governance (ESG) disclosure for sustainable development: An Australian study", Business Strategy and the Environment, 26(4), pp.438~450 (2017)
- Mervelskemper, L., "Enhancing market valuation of ESG performance: is integrated reporting keeping its promise?", Business Strategy and the Environment, 26(4), pp.536~549 (2017)
- Nguyen, L. T., "The sustainable care model for an ageing population in Vietnam: Evidence from a systematic review", Sustainability, 14(5), pp.2518~ (2022)
- Nirino, N., "Corporate controversies and company's financial performance: Exploring the moderating role of ESG practices", Technological Forecasting and Social Change, 162, pp.120341~ (2021)
- Pedersen, L. H., "Responsible investing: The ESG-efficient frontier", Journal of Financial Economics, 142(2), pp.572~597 (2021)
- Raimo, N., "Extending the benefits of ESG disclosure: The effect on the cost of debt financing", Corporate Social Responsibility and Environmental Management, 28(4), pp.1412~1421 (2021)
- Reber, B., "ESG disclosure and idiosyncratic risk in initial public offerings", Journal of Business Ethics, 179(3), pp.867~886 (2022)
- Van Duuren, E., "ESG integration and the investment management process: Fundamental investing reinvented", Journal of Business Ethics, 138, pp.525~533 (2016)
- Verheyden, T., "ESG for all? The impact of ESG screening on return, risk, and diversification", Journal of Applied Corporate Finance, 28(2), pp.47~55 (2016)
- Wong, J. B., "Stock market reactions to adverse ESG disclosure via media channels", The British Accounting Review, 54(1), pp.101045~ (2022)
- Wong, W. C., "Does ESG certification add firm value?", Finance Research Letters, 39, pp.101593~ (2021)
- Woo, E. J., "Employee environmental capability and its relationship with corporate culture", Sustainability, 13(16), pp.8684~ (2021)
- Woo, E. J., "Environmental issues as an indispensable aspect of sustainable leadership", Sustainability, 12(17), pp.7014~ (2020)
- Zhao, C., "ESG and corporate financial performance: Empirical evidence from China's listed power generation companies", Sustainability, 10(8), pp.2607~ (2018)