ESG Effect on the Corporate Value of Technology Companies

Ito Satoshi (), Itoi Takatomo (), Năstase Marian () and Nicolae Bibu ()
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Ito Satoshi: Bucharest University of Economic Studies, Bucharest, Romania
Itoi Takatomo: Bucharest University of Economic Studies, Bucharest, Romania
Năstase Marian: Bucharest University of Economic Studies, Bucharest, Romania
Nicolae Bibu: West University of Timisoara, Romania

Proceedings of the International Conference on Business Excellence, 2024, vol. 18, issue 1, 1929-1940

Abstract: Since ESG investment becoming popular, many researchers investigate ESG effect on the corporate value and found positive relationship between ESG activities and the corporate value. However, there are few research which focused ESG effect on the corporate value for technology companies. In this research historical prices of Japanese ESG focused companies were compared to Japanese total market and it was concluded that ESG have positive effect on the corporate value. In addition, historical prices of Japanese ESG focused technology companies were compared to Japanese total technology companies and it was concluded that ESG have positive effect on the corporate value of technology companies. Lastly the effect on the corporate value of Japanese technology companies was compared to the effect on the corporate value of Japanese total market and it was concluded that ESG performance provide more positive effect on the corporate value of Japanese technology companies compared to Japanese total market.

Keywords: ESG; value driver; corporate value; technology (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:18:y:2024:i:1:p:1929-1940:n:1028

DOI: 10.2478/picbe-2024-0162

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