Munich Personal RePEc Archive

Firms’ Sustainability Performance and Market Longevity

Fafaliou, Irene and Giaka, Maria and Konstantios, Dimitrios and Polemis, Michael (2020): Firms’ Sustainability Performance and Market Longevity.

[img]
Preview
PDF
MPRA_paper_101445.pdf

Download (750kB) | Preview

Abstract

This study examines the impact of sustainability (ESG) on US listed firms’ exit decision. Using a recent dataset of a large number of US firms over the period 2007- 2016, we perform a dynamic empirical analysis of the relation between ESG and firms’ exiting mechanism by measuring environmental, social and governance issues. We provide evidence that corporate sustainability is a tool that can reduce risks and enable companies to boost surviving mechanisms and face less probability of failure. Finally, we perform several statistical tests for robustness purposes

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.