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| Title | Detecting corporate ESG performance: The role of ESG materiality in corporate financial performance and risks |
| Creator | 楊曉文 Yang, Sharon S.;Huang, Jr-Wei;Chen, Hong-Yi;Tsay, Min-Hung |
| Contributor | 金融系 |
| Key Words | CSR; ESG disclosure score; Financial performance; Financial risk; Material issues; SASB ESG score |
| Date | 2025-01 |
| Date Issued | 2025-03-28 |
| Summary | In line with the Sustainability Accounting Standards Board (SASB) guidelines, this study constructs SASB ESG Scores for firms and evaluates their influence on financial performance and risks. Empirical evidence shows a positive association between a firm’s SASB ESG Score and financial performance, along with a negative link to financial risks. In contrast, the ESG Disclosure Score fails to predict a firm’s financial performance and risks. Furthermore, the effect of the SASB ESG Score on profit is associated with higher market competitiveness and greater operational efficiency. On the other hand, the risk reduction is associated with the mitigation of stock price crash risks. The piecewise linear regression analysis suggests that superior SASB ESG Scores are linked to enhanced financial performance and reduced financial risks. We attribute the findings to the efficient allocation of resources toward ESG activities that hold material significance within a firm’s specific industry. |
| Relation | The North American Journal of Economics and Finance, Vol.76, 102370 |
| Type | article |
| DOI | https://doi.org/10.1016/j.najef.2025.102370 |
| dc.contributor | 金融系 | |
| dc.creator (作者) | 楊曉文 | |
| dc.creator (作者) | Yang, Sharon S.;Huang, Jr-Wei;Chen, Hong-Yi;Tsay, Min-Hung | |
| dc.date (日期) | 2025-01 | |
| dc.date.accessioned | 2025-03-28 | - |
| dc.date.available | 2025-03-28 | - |
| dc.date.issued (上傳時間) | 2025-03-28 | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/156324 | - |
| dc.description.abstract (摘要) | In line with the Sustainability Accounting Standards Board (SASB) guidelines, this study constructs SASB ESG Scores for firms and evaluates their influence on financial performance and risks. Empirical evidence shows a positive association between a firm’s SASB ESG Score and financial performance, along with a negative link to financial risks. In contrast, the ESG Disclosure Score fails to predict a firm’s financial performance and risks. Furthermore, the effect of the SASB ESG Score on profit is associated with higher market competitiveness and greater operational efficiency. On the other hand, the risk reduction is associated with the mitigation of stock price crash risks. The piecewise linear regression analysis suggests that superior SASB ESG Scores are linked to enhanced financial performance and reduced financial risks. We attribute the findings to the efficient allocation of resources toward ESG activities that hold material significance within a firm’s specific industry. | |
| dc.format.extent | 107 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | The North American Journal of Economics and Finance, Vol.76, 102370 | |
| dc.subject (關鍵詞) | CSR; ESG disclosure score; Financial performance; Financial risk; Material issues; SASB ESG score | |
| dc.title (題名) | Detecting corporate ESG performance: The role of ESG materiality in corporate financial performance and risks | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.najef.2025.102370 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.najef.2025.102370 |