This study analyzes how Environmental, Social, and Governance (ESG) performance affects bankruptcy risk, using data from publicly listed firms across 17 European countries over a 21‐year period. We find that higher ESG scores are significantly associated with lower bankruptcy risk, as proxied by
Z
‐score. In addi...
Athanasios P. Fassas· Corporate Social Responsibil...· 0 citations
This study examines the effect of Environmental, Social, and Governance (ESG) performance on financial stability and investigates whether board gender diversity moderates this relationship in the banking sector. Using a panel dataset of 87 conventional banks from 12 Middle East and North Africa (MENA) countries ove...
M. Khemiri, Mouna Baccouri, Nemer Badwan et al.· Business Strategy & Deve...· 0 citations
Purpose: This study aims to analyze the influence of Environmental, Social, and Governance (ESG) performance on financial distress among consumer non-cyclicals companies in Indonesia, Malaysia, and Thailand during the 2020–2024 period.
Methodology/approach: This study applies a quantitative approach using secondary dat...
Ismi Siti Nurzahra, F. Kristanti· Jurnal Akademi Akuntansi· 0 citations
This study addresses the ongoing debate on the environmental, social and governance (ESG)–financial performance nexus by examining whether ESG performance enhances firm profitability and whether corporate governance mechanisms condition this relationship in an emerging market context.
The empirical analysis...
Yassine Oubahou, Khalid El Ouafa, Haniya Oumaima Erradouani· Management & Sustainabil...· 0 citations
This study examines the association between ESG Score and two financial outcomes, namely financial performance and financial health, and the moderating role of ESG Controversies in both relationships. Prior studies report mixed findings and rarely examine the two outcomes within a single framework in Asian emerging mar...
S. D. Saputro, Enrique Griffin Imanuel Marbun, Elfriana Nely Royana Situmorang· Dinasti International Journa...· 0 citations
This study examines the effect of ESG performance on financial performance in banking institutions across five ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, and the Philippines) during the 2021–2024 period. The study is motivated by the increasing importance of ESG practices in the banking sector and the n...
Ervina Vania Wijaya, L. Tjun· International Journal of Acc...· 0 citations
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