logo
ResearchBunny Logo
ESG performance on the value of family firms: international evidence during Covid-19

Business

ESG performance on the value of family firms: international evidence during Covid-19

C. Espinosa-méndez, C. Maquieira, et al.

Discover how the financial success of family firms during the pandemic relates to their environmental, social, and governance (ESG) performance in this insightful research conducted by Christian Espinosa-Méndez, Carlos Maquieira, and José Tomás Arias. Results indicate that strong ESG performance may safeguard against market downturns.

00:00
00:00
Playback language: English
Abstract
This research examines the link between the financial success of family firms during COVID-19 and their environmental, social, and governance (ESG) performance. Using an international sample of the 500 largest family firms, the study finds a positive correlation between corporate valuation and ESG performance. While the COVID-19 period negatively impacted company performance overall, this negative effect was absent for firms with superior ESG performance, suggesting investors view better ESG performance as predictive of future stock success.
Publisher
HUMANITIES AND SOCIAL SCIENCES COMMUNICATIONS
Published On
May 08, 2024
Authors
Christian Espinosa-Méndez, Carlos Maquieira, José Tomás Arias
Tags
family firms
COVID-19
financial success
ESG performance
corporate valuation
stock success
investor perception

Related Publications

Explore these studies to deepen your understanding of the subject.

Empirical evidence of the impact of mobility on property crimes during the first two waves of the COVID-19 pandemic
Sociology

Empirical evidence of the impact of mobility on property crimes during the first two waves of the COVID-19 pandemic

K. Paramasivan, R. Subburaj, et al.

Impact of China's Free Trade Zones on the Innovation Performance of Firms: Evidence from a Quasi-Natural Experiment
Business

Impact of China's Free Trade Zones on the Innovation Performance of Firms: Evidence from a Quasi-Natural Experiment

X. Su and S. Wang

Global evidence on the economic effects of disease suppression during COVID-19
Economics

Global evidence on the economic effects of disease suppression during COVID-19

J. T. Rothwell, A. Cojocaru, et al.

The effects of heterogeneous CSR on corporate stock performance: evidence from COVID-19 pandemic in China
Business

The effects of heterogeneous CSR on corporate stock performance: evidence from COVID-19 pandemic in China

Y. Li, X. Shen, et al.

Listen, Learn & Level Up
Over 10,000 hours of research content in 25+ fields, available in 12+ languages.
No more digging through PDFs, just hit play and absorb the world's latest research in your language, on your time.
listen to research audio papers with researchbunny