| dc.rights.license | CC-BY-NC-ND | |
| dc.contributor.advisor | Spaans, Lara | |
| dc.contributor.author | Laliotis, Adonis | |
| dc.date.accessioned | 2024-08-26T23:04:19Z | |
| dc.date.available | 2024-08-26T23:04:19Z | |
| dc.date.issued | 2024 | |
| dc.identifier.uri | https://studenttheses.uu.nl/handle/20.500.12932/47393 | |
| dc.description.abstract | Environmental Social & Governance (ESG) performance present a mixed impact on firms’ financial resilience during the COVID-19 pandemic, with notable regional differences in Europe. This study analyzes 200 firms between 2017 and 2023 using Difference-in-Difference (DD) and Difference-in-Difference-in-Differences (DDD) within a panel data framework. Findings reveal that ESG scores do not consistently predict short-term financial resilience, although a stronger positive correlation between ESG performance and financial resilience exist, particularly in Northern Europe in comparison to Southern Europe during COVID-19. These results underscore the strategic importance of ESG investments in economic hardships, emphasizing regional benefits within a European context. | |
| dc.description.sponsorship | Utrecht University | |
| dc.language.iso | EN | |
| dc.subject | The study delves into how COVID 19 has affected companies ESG practices and financial strength emphasizing variations across Europe. It aims to determine whether higher ESG ratings are linked to enhanced financial robustness in times of crisis. The results suggest that although ESG scores may not always forecast resilience companies, Northern Europe tend to reap greater benefits from solid ESG performance during periods of disruption underscoring the significance of regional factors. | |
| dc.title | Examining the Effect of COVID-19 on ESG Performance & Financial Resilience | |
| dc.type.content | Master Thesis | |
| dc.rights.accessrights | Open Access | |
| dc.subject.keywords | ESG; Financial Resilience; COVID-19; Panel Data | |
| dc.subject.courseuu | Sustainable Finance and Investments | |
| dc.thesis.id | 37949 | |
