A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The ESG Reporting of EU Public Companies—Does the Company’s Capitalisation Matter?
Large companies in the European Union are required to publish information related to environmental, social and governance (ESG) matters. The aim of our study is to determine the quality of ESG reporting in EU public companies (measured by the ESG-index) and its effect on their market capitalisation. Therefore, the results of our research will be both scientific and applicative, and they will be useful for investors when making investment decisions on the stock exchange. The research includes over 15,000 companies listed on 27 stock exchanges (in the “old” and “new” member states, EU-14 and EU-13, respectively), covering the period 2002 to 2019. The data were obtained from the Refinitiv database. We drew three conclusions after the research. Firstly, only 50% of the companies listed on the stock exchanges in the old EU member states and merely 5% of the companies from the new EU member states had reported ESG-indexes in any year of the research period. Secondly, we found a positive relationship between a company’s market capitalisation and the quality of its ESG reports. Thirdly, the market values of companies are positively but not strongly affected by the ESG-indexes.
The ESG Reporting of EU Public Companies—Does the Company’s Capitalisation Matter?
Large companies in the European Union are required to publish information related to environmental, social and governance (ESG) matters. The aim of our study is to determine the quality of ESG reporting in EU public companies (measured by the ESG-index) and its effect on their market capitalisation. Therefore, the results of our research will be both scientific and applicative, and they will be useful for investors when making investment decisions on the stock exchange. The research includes over 15,000 companies listed on 27 stock exchanges (in the “old” and “new” member states, EU-14 and EU-13, respectively), covering the period 2002 to 2019. The data were obtained from the Refinitiv database. We drew three conclusions after the research. Firstly, only 50% of the companies listed on the stock exchanges in the old EU member states and merely 5% of the companies from the new EU member states had reported ESG-indexes in any year of the research period. Secondly, we found a positive relationship between a company’s market capitalisation and the quality of its ESG reports. Thirdly, the market values of companies are positively but not strongly affected by the ESG-indexes.
The ESG Reporting of EU Public Companies—Does the Company’s Capitalisation Matter?
Małgorzata Janicka (author) / Artur Sajnóg (author)
2022
Article (Journal)
Electronic Resource
Unknown
Metadata by DOAJ is licensed under CC BY-SA 1.0
Capitalisation des expériences en génie civil
| Taylor & Francis Verlag | 2008
Capitalisation of Fiscal Variables and Land Scarcity
| Online Contents | 2012
Échange d'expériences et capitalisation des connaissances: questions de méthode
Online Contents | 2005
VALUATION OF RESIDENCES THROUGH UTILIZING RATIO OF INTEGRATED CAPITALISATION
| BASE | 2017