The relationship of ESG controversies performance and firm value. The moderating influence of stakeholder engagement and stakeholder orientation.
| dc.contributor.advisor | Reimsbach, Daniel | |
| dc.contributor.author | Wiendels, Thomas | |
| dc.date.issued | 2021-11-11 | |
| dc.description.abstract | This paper researches the effect of ESG controversies performance on firm value. A positive effect of ESG controversies performance on firm value is assumed. Stakeholder engagement is included as a moderator to correct for the influences of the alignment of the firm’s and stakeholders’ preferences. In addition, stakeholder orientation is included as a moderator to correct for differences in business culture, government policy and law enforcement on the country level. The research covers the period 2015-2020 and is based on a global sample of listed firms. The applied method is panel data and includes two- and three-way interaction terms and split sample analyses. The results show that ESG controversies performance has solely a positive effect on the firm value of firms listed in stakeholder oriented countries. | en_US |
| dc.identifier.uri | https://theses.ubn.ru.nl/handle/123456789/11950 | |
| dc.language.iso | en | en_US |
| dc.thesis.faculty | Faculteit der Managementwetenschappen | en_US |
| dc.thesis.specialisation | Corporate Finance & Control | en_US |
| dc.thesis.studyprogramme | Master Economics | en_US |
| dc.thesis.type | Master | en_US |
| dc.title | The relationship of ESG controversies performance and firm value. The moderating influence of stakeholder engagement and stakeholder orientation. | en_US |
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