Does sustainability generate better financial performance? review, meta-analysis, and propositions
Citations
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Cited by:
- Elisa Bocchialini & Demetrio Miloslavo Bova & Ilaria Colivicchi & Federica Ielasi, 2024. "Environmental-, Social-, and Governance-Oriented Pension Funds for Young Contributors: A Win–Win Option," Sustainability, MDPI, vol. 16(24), pages 1-19, December.
- Merladet, Jorge & Lumbreras, Sara & Ramos, Andrés, 2025. "The resilient power of CSR: Sustained risk reduction despite widespread ESG adoption," Finance Research Letters, Elsevier, vol. 79(C).
- Guerrero-Escobar, Santiago & Hernández-del-Valle, Gerardo & Hernández-Vega, Marco, 2025. "The stock market effects of committing and setting GHG targets: evidence from the science-based targets initiative," Global Finance Journal, Elsevier, vol. 67(C).
- Alves, Rómulo & Krüger, Philipp & van Dijk, Mathijs, 2025.
"Drawing up the bill: Are ESG ratings related to stock returns around the world?,"
Journal of Corporate Finance, Elsevier, vol. 93(C).
- Romulo Alves & Philipp Krueger & Mathijs A. van Dijk, 2025. "Drawing Up the Bill: Are ESG Ratings Related to Stock Returns Around the World?," Swiss Finance Institute Research Paper Series 25-41, Swiss Finance Institute.
- Muhtar Sapiri & Aditya Halim Perdana Kusuma Putra, 2023. "Causality of Bank Financial Performance, Green Bond, CSR, Green Financing Portfolio and CO2 Emissions in Transportation: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 511-522, November.
- Leifhelm, Mathis & Klein, Christian & Scholz, Peter, 2025. "Sustainable yet similar: Challenging the performance and risk assumptions of sustainable market indices," Finance Research Letters, Elsevier, vol. 77(C).
- Mário Nuno Mata & Rui Miguel Dantas & João Miguel Rita, 2026. "Mapping the Knowledge Landscape of Sustainable Finance in the Face of Climate Challenges: a Bibliometric Analysis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 17(2), pages 4140-4174, April.
- Andreas Breitenfellner & Heider Kariem, 2023. "What do people in Austria think about green finance?," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 46, pages 47-63.
- Elrazaz, Tariq & Aljifri, Khaled, 2026. "ESG and Earnings management nexus in the GCC: Evidence from a quantile-on-quantile regression approach," International Review of Economics & Finance, Elsevier, vol. 105(C).
- Berle, Erika & He, Wanwei (Angela) & Ødegaard, Bernt Arne, 2025. "The stock market and corporate consequences of ethical exclusions by the world’s largest fund," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 102(C).
- Mohammad I. Jizi & Mahmoud Arayssi, 2026. "Do investors value GCC firms’ social performance?," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 23(1), pages 23-35, March.
- Song, Yunling & Wu, Hao & Ma, Yan, 2023. "Does ESG performance affect audit pricing? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 90(C).
- Paolo Saona & Pablo San Martín, 2026. "Revisiting the Default Risk‐ESG Relationship: New Evidence in European Markets," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 33(1), pages 129-168, January.
- Lin, Xiang & Bali Swain, Ranjula, 2024. "Performance of negatively screened sustainable investments during crisis," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 1226-1247.
- Dou, Jie & Mirza, Nawazish & Umar, Muhammad & Horobet, Alexandra, 2025. "ESG uncertainties and valuation implications: Evidence from the EU banking sector," Research in International Business and Finance, Elsevier, vol. 76(C).
- Khan, Muhammad Arif & Vismara, Silvio, 2025. "Green bond issuance and corporate environmental and financial performance: A meta-analysis," International Review of Economics & Finance, Elsevier, vol. 102(C).
- Salguero, Ricardo Alonzo Fernandez, 2025. "Financial Impact of Climate Risk and Green Finance: A Review of Meta-Analyses, Reviews, and Theory," SocArXiv aqy84_v1, Center for Open Science.
- Enrico Bernardini & Marco Fanari & Enrico Foscolo & Francesco Ruggiero, 2024. "Environmental data and scores: Lost in translation," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4796-4818, September.
- Sisi Chen & Umar Farooq & Salem Hamad Aldawsari & Sami Sobhi Waked & Mamoun Badawi, 2025. "Impact of environmental, social, and governance performance on cash holdings in BRICS: Mediating role of cost of capital," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(1), pages 1182-1197, January.
- Wang, Zhongli & Nishihara, Michi, 2025. "Investment and information asymmetry in corporate sustainability: Incentive-auditing contracts and policy insights," International Review of Financial Analysis, Elsevier, vol. 105(C).
- Syed Shoaib Nazir & Taimur Ashiq & Mazhar Farid Chishti & Riffat Ullah & Athar Marwat, 2024. "Assessing Financial Stability through ESG: The Impact of Sustainable Finance on Commercial Banks listed in Pakistan Stock Exchange (PSX)," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(3), pages 120-129.
- Bernal, Oscar & Hudon, Marek & Ledru, François-Xavier, 2025. "Who buys social bank shares? Exploring individual financial and non-pecuniary motives," Journal of Behavioral and Experimental Finance, Elsevier, vol. 46(C).
- Liu, Dianhao & Zhou, Jun, 2025. "Do ESG rating changes matter? Evidence from Chinese stock market," Global Finance Journal, Elsevier, vol. 67(C).
- Ian Berk & Massimo Guidolin & Monia Magnani, 2023. "New ESG rating drivers in the cross‐section of European stock returns," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(S1), pages 133-162, December.
- Teplova, T. & Sokolova, T. & Kissa, D. & Gurov, S., 2026. "ESG indicators as determinants of the risk of a decline in Russian stock prices in different periods: A view of Explainable AI," Journal of the New Economic Association, New Economic Association, vol. 70(1), pages 157-190.
- Changjun Zheng & Md. Abdul Mannan Khan & Mohammad Morshedur Rahman & Syed Moudud-Ul-Huq & Md. Shahinur Rahman, 2025. "ESG Performance and Financial Stability: A Bibliometric and Meta-Analysis," SAGE Open, , vol. 15(4), pages 21582440251, October.
- Giglio, Stefano & Maggiori, Matteo & Stroebel, Johannes & Tan, Zhenhao & Utkus, Stephen & Xu, Xiao, 2025.
"Four facts about ESG beliefs and investor portfolios,"
Journal of Financial Economics, Elsevier, vol. 164(C).
- Stefano Giglio & Matteo Maggiori & Johannes Stroebel & Zhenhao Tan & Stephen Utkus & Xiao Xu, 2023. "Four Facts About ESG Beliefs and Investor Portfolios," NBER Working Papers 31114, National Bureau of Economic Research, Inc.
- Giglio, Stefano & Maggiori, Matteo & Stroebel, Johannes & Tan, Zhenhao & Utkus, Stephen & Xu, Xiao, 2023. "Four Facts About Esg Beliefs And Investor Portfolios," SocArXiv dcb93, Center for Open Science.
- Giglio, Stefano & Maggiori, Matteo & Ströbel, Johannes & Tan, Zhenhao & Utkus, Stephen & Xu, Xiao, 2023. "Four Facts about ESG Beliefs and Investor Portfolios," CEPR Discussion Papers 18052, Centre for Economic Policy Research.
- Su, Yang & Lucey, Brian M. & Jha, Ashish Kumar, 2024. "Finance Research and the UN Sustainable Development Goals – An analysis and forward look," Research in International Business and Finance, Elsevier, vol. 71(C).
- Bauckloh, Tobias & Dobrick, Juris & Höck, André & Utz, Sebastian & Wagner, Marcus, 2024. "In partnership for the goals? The level of agreement between SDG ratings," Journal of Economic Behavior & Organization, Elsevier, vol. 217(C), pages 664-678.
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