Publicação
Relationship between Esg scores and debt-to-equity ratios of energy companies - a panel data regression analysis
| Resumo: | This study investigates the relationship between the change in ESG scores and the change in debt-to-equity ratios for energy companies. Using panel-data on 119 global energy companies, a Pooled OLS and Fixed Effects regression analysis were conducted to research the relationship. The findings of this study suggest a significant negative relationship between the change in ESG scores and the change in debt-to-equity ratios for energy companies. This negative relationship is more pronounced for smaller firms. Also, a significant negative relationship was found between the change in the social and governance pillar scores, respectively, and the change in debt-to-equity ratios. |
|---|---|
| Autores principais: | Kasslatter, Stefan |
| Assunto: | Esg Capital structure Debt-to-equity ratio Energy companies |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso embargado |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
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