ESG performance and economic growth: a panel co-integration analysis

被引：34

作者：

Diaye, Marc-Arthur ^{[1
]}

Ho, Sy-Hoa ^{[2
]}

Oueghlissi, Rim ^{[3
]}

机构：

[1] Univ Paris 1 Pantheon Sorbonne, Sorbonne Ctr Econ, Paris, France

[2] Duy Tan Univ, Inst Res & Dev, Da Nang, Vietnam

[3] Univ Jendouba, MASE Res Unit, Jendouba, Tunisia

来源：

EMPIRICA | 2022年 / 49卷 / 01期

关键词：

ESG; GDP per capita; Panel cointegration estimation; CORPORATE SOCIAL-RESPONSIBILITY; FINANCIAL PERFORMANCE; EMPIRICAL-ANALYSIS; FIRM PERFORMANCE; SPREADS; TESTS;

D O I：

10.1007/s10663-021-09508-7

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

How important a good ESG performance is for GDP per capita? In this paper we examine the economic effect of environmental, social and governance (ESG) performance in 29 OECD countries over the 1996-2014 period, using panel cointegration techniques. The application of cointegration methodology allows distinguishing between long run and short run effects. We find that, while there is a positive relationship between ESG and GDP per capita in the long run, such relationship does not exist in the short run. However when allowing for heterogeneity in the short term dynamics (Pooled Mean Group), two countries (Iceland and South Korea) benefit in the short run (w.r.t. GDP per capita) from their ESG performance.

引用

页码：99 / 122

页数：24

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