Do ESG controversies moderate the relationship between CSR and | ResearchBunny

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Abstract

This study investigates the moderating effect of ESG controversies on the relationship between ESG factors and Corporate Financial Performance (CFP) in the oil and gas industry. Using PLS-SEM on a sample of 264 global oil and gas firms, the results confirm that ESG controversies moderate the relationship between environmental and social factors and CFP, with increased negative news weakening the relationship. The study also finds that ESG controversies negatively affect CFP.

Publisher

Humanities and Social Sciences Communications

Published On

Oct 28, 2023

Authors

Antonio García-Amate, Alicia Ramírez-Orellana, Alfonso A. Rojo-Ramírez, M. Pilar Casado-Belmonte

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