Abstract
The aim of this study is to provide evidence for the impact of environmental, social and corporate governance (ESG) performances of companies operating in the utilities sector on their financial performance. The study used data from 325 companies in the utilities sector worldwide which have been listed in ASSET4 between 2010 and 2019. Refinitiv's Thomson Reuters ASSET4, EIKON, and Datastream databases have been used to obtain data on ESG performance and financial performance variables used in the study. According to the regression results, ESG performance has no impact on financial performance.
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