The impact of social, environmental and corporate governance disclosures on firm value: evidence from Egypt
Research output: Contribution to journal › Article › peer-review
This study examines the impact of social, environmental and governance disclosures (ESG) on firm value in the Egyptian context during the period started from 2007 until 2016. Using Univariate and multivariate analysis, we find that firms listed in the ESG index have higher firm value compared to unlisted firms. Furthermore, our results document that the quality of ESG, as measured by the relative rank of firms in the ESG index, is positively associated with firm value. These findings generally support the economic benefits associated with social environmental and governance disclosures. Our findings contribute to the growing literature on the economic consequences of ESG and provide important policy implications in relation to regulating sustainability and governance practices.
|Journal||Journal of Accounting in Emerging Economies|
|Early online date||5 Nov 2018|
|Publication status||Published - Dec 2018|
- ABOUD_2018_cright_JAEE_The Impact of Social, Environmental and Corporate Governance Disclosures on Firm Value
Accepted author manuscript (Post-print), 620 KB, PDF document