The impact of ESG performance on firm value in the energy and utilities sectors: the moderating roles of institutional ownership and GHG emissions
This study investigates the impact of ESG performance on firm value among listed energy and utilities firms in emerging Asian markets (excluding China) over 2015–2024. Firm value is proxied by Tobin’s Q and ESG performance by the LSEG overall ESG score (0–100). The study tests whether institutional ownership and GHG em...