The Impact of ESG Rating on Companies’ Resilience to Systemic Risks

Alexandra Egorova () and Herman Petrov-Nerling
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Alexandra Egorova: NRU HSE
Herman Petrov-Nerling: NRU HSE

Chapter Chapter 5 in Systemic Financial Risk, 2024, pp 75-98 from Springer

Abstract: Abstract This study examines the relationship between a company's ESG (Environmental, Social, and Governance) rating and its ability to manage and overcome systemic risks. The research focuses on the companies operating in the IT, energy, chemical industry, retail, oil and gas, and mining industries. The study aims to identify the systemic risks caused by ESG practices that affect the financial performance of enterprises and test the hypothesis that a better ESG performance increases a company's resilience to systemic risks. By analyzing the relationship between ESG ratings and corporate resilience, the study provides insights for investors and stakeholders on the long-term sustainability of companies in various industries.

Keywords: ESG ratings; Systemic risks; Financial performance; Company stability; Environmental factors; Social factors; Governance factors; Sustainability; Resilience; G32; Q56; M14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-54809-3_5

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DOI: 10.1007/978-3-031-54809-3_5

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