The effect of ESG activities on the financial performance of PSE listed companies during the COVID-19 pandemic—Evidence from the Philippines

Clicks: 1
ID: 286191
2022
Free PDF
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This article has not been analysed, so there is no overall score — reader engagement is measured and shown alongside.
AI Quality Assessment
Not analyzed
Readership in this journal

Ranked #2,984 of 3,757 articles by views in Malay Journal

Most read Least read

Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 3,757 in total.

Mint this article as an NFT
Not yet minted

Create a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.

5 SUSD one-off · no wallet required
Sign in to mint
Abstract
This study explored the possible outcome of ESG activities towards the performance of financial companies before, and during times of crisis, to which the financial crisis brought about by the COVID-19 pandemic was focused upon in the study. Financial performance was proxied with Return on Assets, and Return on Equity, while ESG activities were measured through an independent rating agency. The relationship of Return on Assets, and Return on Equity with ESG, dummy variable COVID, interaction of ESG and the dummy variable COVID, company size (natural logarithm of total assets), leverage ratio, revenue growth, market-to-book ratio, foreign ownership, largest shareholder, company age, cash reserves, and the dummy variable LOSS. A panel data regression was then conducted on 25 companies, with observations from the years 2015 - 2020. Model testing methods were employed to determine the best possible model for the data, and the Random Effect Models were identified to be most appropriate. Analysis of the Random Effect Models showed that for Return on Asset, only the control variables leverage ratio, revenue growth, market to book ratio, largest shareholder, and the dummy variable loss were significant determinants. While for Return on Equity, only the control variables revenue growth, market-to-book ratio, and the dummy variable loss were determinants. However, although COVID-19, ESG, the interaction of ESG and COVID-19, Size, Foreign Ownership, Firm Age, and Cash Reserves were not statistically significant, investors should not undervalue the potential effects of these on the financial performance of a firm.
Reference Key
persistent_1760657844_68f181b4690e4 Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Te Tan, Gweneth Allona Mikaela B.
Journal Malay Journal
Year 2022
DOI
DOI not found
URL
https://animorepository.dlsu.edu.ph/etdb_finman/47
Keywords Keywords not found

Citations

No citations found. To add a citation, contact the admin at info@scimatic.org

Comments

No comments yet. Be the first to comment on this article.