Português
The Environmental, Social, and Governance information creates value for the shareholder in the Portuguese Stock Exchange?
Event Title
XXI Congresso AECA
Year (definitive publication)
2021
Language
English
Country
Spain
More Information
Web of Science®
This publication is not indexed in Web of Science®
Scopus
This publication is not indexed in Scopus
Google Scholar
This publication is not indexed in Google Scholar
Abstract
The relationship between financial performance and sustainability has been investigated in developed countries applying different methodologies. However, this type of study has not been carried out in the Portuguese listed companies. This study investigates the impact of the three sustainability pillars, Environmental, Social, and Governance (ESG) information on the price of assets listed on the Portuguese stock exchange over the period 2002-2020. Applying different models, the results show us that the investors do not react to the sustainability information and do not significantly value the three pillars of ESG sustainability, but market positively values environmental practices in listed Portuguese companies.
Acknowledgements
--
Keywords
Sustainability,ESG,performance,listed companies,market value
