Exploring the performance of responsible companies in G20 during the COVID-19 outbreak
An uphill question of whether Environmental, Social, and Governance (ESG) directly impact firms' financial performance (FP) continues to vacillate between two opponent streams. In the present study, we argue that COVID-19 is an extreme event where the effect of ESG sharply manifests. We rely on...
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2022
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| Online Access: | http://hdl.handle.net/10725/14998 https://doi.org/10.1016/j.jclepro.2022.131693 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S0959652622013063 |
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| _version_ | 1864513470114824192 |
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| author | El Khoury, Rim |
| author2 | Nasrallah, Nohade Harb, Etienne Hussainey, Khaled |
| author2_role | author author author |
| author_facet | El Khoury, Rim Nasrallah, Nohade Harb, Etienne Hussainey, Khaled |
| author_role | author |
| dc.creator.none.fl_str_mv | El Khoury, Rim Nasrallah, Nohade Harb, Etienne Hussainey, Khaled |
| dc.date.none.fl_str_mv | 2022 2022-04-21 2023-09-04T13:23:20Z 2023-09-04T13:23:20Z |
| dc.identifier.none.fl_str_mv | 0959-6526 http://hdl.handle.net/10725/14998 https://doi.org/10.1016/j.jclepro.2022.131693 El Khoury, R., Nasrallah, N., Harb, E., & Hussainey, K. (2022). Exploring the performance of responsible companies in G20 during the COVID-19 outbreak. Journal of Cleaner Production, 354. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S0959652622013063 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Journal of Cleaner Production |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | An uphill question of whether Environmental, Social, and Governance (ESG) directly impact firms' financial performance (FP) continues to vacillate between two opponent streams. In the present study, we argue that COVID-19 is an extreme event where the effect of ESG sharply manifests. We rely on cross-sectional data in the context of G20 countries for the year 2020. To avoid biased results due to governments support, we integrate four novel metrics provided by the Oxford Coronavirus Government Response Tracker (OxCGRT). We run sequential regressions (OLS; and quartiles to account for the Ingrained Income Bias (IIB) and ESG scores). We also perform robustness tests and account for the interaction between ESG and cash level. Our models were subsequently replicated for each ESG pillar. Findings indicate that ESG is beneficial during COVID-19, but the reward appears to be closely tied up to specific aspects of ESG, income level, and firm-specific variables. Results contribute to the burgeoning literature on ESG during COVID-19 by reflecting on firms’ key attributes and the preponderance of government support |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_e8b2fe7552bf07ef00260a3c2407a256 |
| identifier_str_mv | 0959-6526 El Khoury, R., Nasrallah, N., Harb, E., & Hussainey, K. (2022). Exploring the performance of responsible companies in G20 during the COVID-19 outbreak. Journal of Cleaner Production, 354. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/14998 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Exploring the performance of responsible companies in G20 during the COVID-19 outbreakEl Khoury, RimNasrallah, NohadeHarb, EtienneHussainey, KhaledAn uphill question of whether Environmental, Social, and Governance (ESG) directly impact firms' financial performance (FP) continues to vacillate between two opponent streams. In the present study, we argue that COVID-19 is an extreme event where the effect of ESG sharply manifests. We rely on cross-sectional data in the context of G20 countries for the year 2020. To avoid biased results due to governments support, we integrate four novel metrics provided by the Oxford Coronavirus Government Response Tracker (OxCGRT). We run sequential regressions (OLS; and quartiles to account for the Ingrained Income Bias (IIB) and ESG scores). We also perform robustness tests and account for the interaction between ESG and cash level. Our models were subsequently replicated for each ESG pillar. Findings indicate that ESG is beneficial during COVID-19, but the reward appears to be closely tied up to specific aspects of ESG, income level, and firm-specific variables. Results contribute to the burgeoning literature on ESG during COVID-19 by reflecting on firms’ key attributes and the preponderance of government supportPublished2023-09-04T13:23:20Z2023-09-04T13:23:20Z20222022-04-21Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0959-6526http://hdl.handle.net/10725/14998https://doi.org/10.1016/j.jclepro.2022.131693El Khoury, R., Nasrallah, N., Harb, E., & Hussainey, K. (2022). Exploring the performance of responsible companies in G20 during the COVID-19 outbreak. Journal of Cleaner Production, 354.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/pii/S0959652622013063enJournal of Cleaner Productioninfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/149982024-07-04T10:45:41Z |
| spellingShingle | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak El Khoury, Rim |
| status_str | publishedVersion |
| title | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak |
| title_full | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak |
| title_fullStr | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak |
| title_full_unstemmed | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak |
| title_short | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak |
| title_sort | Exploring the performance of responsible companies in G20 during the COVID-19 outbreak |
| url | http://hdl.handle.net/10725/14998 https://doi.org/10.1016/j.jclepro.2022.131693 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S0959652622013063 |