E-resources
Peer reviewed
Open access
-
Financial state and investment attractiveness of Russian public companies: The effect of ESG factorsBelik, Irina; Dutsinin, Anton; Nikulina, Natalia
Upravlenec, 1/2023, Volume: 13, Issue: 6Journal Article
. In the last decade, the ESG (environmental, social, governance) paradigm has been actively developing in commercial organization management and investment decision-making. The article examines the impact of ESG factors on the financial state and investment attractiveness of Russian public companies. The concepts of sustainable development and corporate governance constitute the theoretical framework of the research. To analyze the impact of ESG factors on the financial state and investment attractiveness of Russian public companies, we used multiple linear regression models using the least squares method. The empirical evidence is data on 80 organizations from RAEX ESG Ranking of Russian companies based on reports for 2020. A statistically significant positive relationship was found between EBITDA and return on assets, dividend yield, cash flows and ESG factors, as well as a statistically significant negative relationship was found between the price/earnings multiplier, beta coefficient and ESG factors. The study demonstrates that there is a mixed statistically significant relationship between the indicator of financial leverage and ESG factors. At that, ESG factors, which are positioned as necessary and having a positive influence on companies’ activities, can threaten both their financial state and investment attractiveness. Further ESG research imply a more detailed study of the model for assessing the impact of ESG factors on a company’s financial performance and the possibility of integrating financial and non-financial reporting standards.
![loading ... loading ...](themes/default/img/ajax-loading.gif)
Shelf entry
Permalink
- URL:
Impact factor
Access to the JCR database is permitted only to users from Slovenia. Your current IP address is not on the list of IP addresses with access permission, and authentication with the relevant AAI accout is required.
Year | Impact factor | Edition | Category | Classification | ||||
---|---|---|---|---|---|---|---|---|
JCR | SNIP | JCR | SNIP | JCR | SNIP | JCR | SNIP |
Select the library membership card:
If the library membership card is not in the list,
add a new one.
DRS, in which the journal is indexed
Database name | Field | Year |
---|
Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
---|
Source: Personal bibliographies
and: SICRIS
The material is available in full text. If you wish to order the material anyway, click the Continue button.