ASSESSING THE IMPACT OF ESG ON FINANCIAL PERFORMANCE: AN EMPIRICAL CROSS-SECTORAL STUDY OF SUSTAINABLE COMPANIES IN ROMANIA USING REGRESSION MODELS

Pulbere (ghelase) Carmen Cornelia and Neculita Mihaela
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Pulbere (ghelase) Carmen Cornelia: DOCTORAL SCHOOL OF SOCIO-HUMAN SCIENCES, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, DUNAREA DE JOS UNIVERSITY OF GALATI, GALATI, ROMANIA
Neculita Mihaela: DOCTORAL SCHOOL OF SOCIO-HUMAN SCIENCES, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, DUNAREA DE JOS UNIVERSITY OF GALATI, GALATI, ROMANIA

Annals - Economy Series, 2025, vol. 6, 435-450

Abstract: This study investigates the relationship between ESG (Environmental, Social, and Governance) performance and financial outcomes in Romania's most sustainable companies, based on CST Index scores. Using a sample of 20 firms from diverse sectors and testing thousands of regression regression models, the research applies rigorous statistical criteria (R² > 0.80, p-value

Keywords: ESG (Environmental, Social, and Governance); corporate sustainability; financial performance; econometric modeling; Romanian companies (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:6:p:435-450

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