The effect of financial crisis on ESG performance
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2024-07-01
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en
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This study empirically investigates the impact of financial crises, particularly the Great Financial Crisis and the COVID-19 pandemic, on firms' Environmental, Social, and Governance (ESG) scores using data from companies across various global industries. Through Ordinary least squares (OLS) regression and Poisson regression models, the research explores whether these crises, along with economic system factors, influence firms' engagement in ESG practices. Contrary to expectations, the findings do not establish a significant relationship between financial crises and a decline in ESG practices. This possibly indicates firms' persistent commitment to ESG practices amidst economic challenges across diverse economic environments
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Faculteit der Managementwetenschappen