Evaluating ESG performance: The influence of firm size and gender diversity

Raúl Gómez Martínez (), Maria Luisa Medrano-Garcia () and Daniel Amo Navas ()
Additional contact information
Raúl Gómez Martínez: Universidad Rey Juan Carlos (Madrid), https://orcid.org/0000-0003-3575-7970
Maria Luisa Medrano-Garcia: Universidad Rey Juan Carlos (Madrid), https://orcid.org/0000-0003-1844-1034
Daniel Amo Navas: Universidad Rey Juan Carlos (Madrid), https://orcid.org/0000-0003-2733-9576

Small Business International Review, 2024, vol. 8, issue 2, e693

Abstract: This study examines the relationship between firm size and Environmental, Social, and Governance (ESG) scores, with a focus on the growing importance of sustainability and corporate social responsibility (CSR). Drawing on data from 4,525 U.S. companies, an Ordinary Least Squares (OLS) regression analysis reveals a significant positive association between firm size and ESG performance, suggesting that larger firms are better positioned to allocate resources toward sustainability initiatives. Furthermore, the findings indicate that board gender diversity has a positive impact on ESG scores, underscoring the importance of diverse perspectives in corporate governance. The results highlight the need for standardized ESG reporting and provide insights into how firm characteristics shape sustainability outcomes. This research offers practical guidance for corporate leaders and policymakers seeking to advance sustainability practices across organizations.

Keywords: ESG score; firm size; corporate boards; OLS; small businesses (search for similar items in EconPapers)
JEL-codes: M00 M14 (search for similar items in EconPapers)
Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.26784/sbir.v8i2.693 (text/html)
https://sbir.upct.es/index.php/sbir/article/view/693/367 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aaz:sbir01:v:8:y:2024:i:2:p:e693

DOI: 10.26784/sbir.v8i2.693

Access Statistics for this article

Small Business International Review is currently edited by Sánchez Marín, Gregorio and Dieguez Soto, Julio

More articles in Small Business International Review from Asociación Española de Contabilidad y Administración de Empresas - AECA Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Martinez ().