Tác giả: Huynh Ngoc Thuy Huong
Số trang: 319-325
DOI url: 10.62831/202526020
Tóm tắt:TÀI LIỆU THAM KHẢO:This study examines the impact of Environmental, Social, and Governance (ESG) performance on firm value and profitability among companies in Southeast Asia. Firm value is measured using Tobin’s Q, while profitability is captured by Return on Assets (ROA). The analysis is based on a sample of 425 publicly listed firms from 2019 to 2023, considering both overall ESG performance and its three individual pillars: environmental, social, and governance. After controlling for firm size and leverage, the results reveal a significant positive association between ESG performance and firm value, primarily driven by environmental and social dimensions. In contrast, ESG performance shows no statistically significant effect on profitability. These findings highlight the role of sustainable business practices in enhancing market valuation, while suggesting directions for future research and implications for corporate sustainability strategy.
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Từ khóa:ESG performance, firm value, profitability, Southeast Asia companies.
