Environmental, Social and Governance Credentials of Agricultural Companies—The Interplay with Company Size

Mirela Cristea, Graţiela Georgiana Noja, El Thalassinos (), Daniel Cîrciumaru, Constantin Ștefan Ponea and Carmen Claudia Durău
Additional contact information
Mirela Cristea: Department of Finance, Banking and Economic Analysis, Faculty of Economics and Business Administration, University of Craiova, 13 A I Cuza Street, 200585 Craiova, Romania
Graţiela Georgiana Noja: Department of Marketing and International Economic Relations, Faculty of Economics and Business Administration, West University of Timisoara, 16 Pestalozzi Street, 300115 Timisoara, Romania
Daniel Cîrciumaru: Department of Finance, Banking and Economic Analysis, Faculty of Economics and Business Administration, University of Craiova, 13 A I Cuza Street, 200585 Craiova, Romania
Constantin Ștefan Ponea: Department of Economics, Faculty of Legal, Economic and Administrative Sciences, Craiova, Spiru Haret University, 4 Vasile Conta Street, 200580 Craiova, Romania
Carmen Claudia Durău: Faculty of Agriculture, Veterinary Medicine “King Michael I of Romania”, Banat’s University of Agricultural Sciences, Calea Aradului No. 119, 300641 Timisoara, Romania

Resources, 2022, vol. 11, issue 3, 1-12

Abstract: Based on the significance of the corporate social responsibility (CSR) activities, respectively, the Environmental, Social and Governance (ESG) measures, for companies’ advancement in the fields of agriculture, the purpose of our study is to appraise how the ESG measures influence the size of public companies from the agricultural sectors, with particular attention on the environmental pillar. The research methodology consists in applying two econometric procedures to assess the direct effects of the ESG activities on the size of public agricultural firms by models of robust regression (RREG) and to appraise global implications of ESG measures on companies’ dimension by models of structural equations (SEM). Data encloses the ESG indicators, focusing on environmental indicators and agricultural companies’ size (proxied by total assets), extracted from the Thomson Reuters Refinitiv Eikon database for the fiscal year 2020. Main results reveal that several components of the ESG measures, especially the environmental ones, may influence the size of the agricultural companies, given the significant companies’ strengths in implementing CSR actions to ensure sustainable resource management. We propose adequate strategies for companies to provide robust resource management and proper integration of the environmental credentials.

Keywords: agricultural companies; environmental; social; and governance measures; resource management; the size of the companies (search for similar items in EconPapers)
JEL-codes: Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.mdpi.com/2079-9276/11/3/30/pdf (application/pdf)
https://www.mdpi.com/2079-9276/11/3/30/ (text/html)

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:gam:jresou:v:11:y:2022:i:3:p:30-:d:769229

Access Statistics for this article

Resources is currently edited by Ms. Donchian Ma

More articles in Resources from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().