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Relationship between ESG and Financial Performance of Companies in the Central and Eastern European Region

Author

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  • Siwiec Karolina

    (University of Warsaw, Faculty of Management, ; Szturmowa 1/3, 02-678 Warsaw, Poland)

  • Karkowska Renata

    (University of Warsaw, Faculty of Management, ; Szturmowa 1/3, 02-678 Warsaw, Poland)

Abstract

Observable climate change and an increase in the frequency of extreme climate events undoubtedly pose challenges for society and business operations. The changes being implemented in sustainability efforts are a response to these challenges. However, the question is how these measures affect companies‘ financial performance.

Suggested Citation

  • Siwiec Karolina & Karkowska Renata, 2024. "Relationship between ESG and Financial Performance of Companies in the Central and Eastern European Region," Central European Economic Journal, Sciendo, vol. 11(58), pages 178-199, January.
    • Handle: RePEc:vrs:ceuecj:v:11:y:2024:i:58:p:178-199:n:13
    DOI: 10.2478/ceej-2024-0013
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    References listed on IDEAS

    as
    1. Heli Wang & Jaepil Choi & Jiatao Li, 2008. "Too Little or Too Much? Untangling the Relationship Between Corporate Philanthropy and Firm Financial Performance," Organization Science, INFORMS, vol. 19(1), pages 143-159, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    ESG reporting; ESG policy; profitability; Central and Eastern Europe; G21; G23; Q51; Q54;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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