ESG performance and dividend payout: A channel analysis

dc.authoridDemir, Ender/0000-0003-4034-269X|Ozturk Danisman, Gamze/0000-0003-3684-6692|Erdogan, Seda/0000-0001-6701-4448
dc.authorwosidDemir, Ender/J-8808-2017
dc.authorwosidOzturk Danisman, Gamze/P-1036-2019
dc.authorwosidErdogan, Seda/AAR-6053-2021
dc.contributor.authorBilyay-Erdogan, Seda
dc.contributor.authorDanisman, Gamze Ozturk
dc.contributor.authorDemir, Ender
dc.date.accessioned2024-07-18T20:42:38Z
dc.date.available2024-07-18T20:42:38Z
dc.date.issued2023
dc.departmentİstanbul Bilgi Üniversitesien_US
dc.description.abstractThis paper investigates the impact of environmental, social, and governance (ESG) performance on corporate dividend policy. We employ a panel data set comprised of 1094 non-financial listed firms in 21 European countries from 2002 to 2019. We show that companies with higher ESG performance are likely to pay higher dividends. Our results are robust to alternative variable definitions and specifications and address endogeneity concerns. We next investigate the possible transmission channels through which corporate ESG performance enhances dividend payouts. We present novel evidence that earnings and risk are the two possible channels through which ESG performance augments corporate dividends.en_US
dc.identifier.doi10.1016/j.frl.2023.103827
dc.identifier.issn1544-6123
dc.identifier.issn1544-6131
dc.identifier.scopus2-s2.0-85151259479en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1016/j.frl.2023.103827
dc.identifier.urihttps://hdl.handle.net/11411/7371
dc.identifier.volume55en_US
dc.identifier.wosWOS:001028008300001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherAcademic Press Inc Elsevier Scienceen_US
dc.relation.ispartofFinance Research Lettersen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectEsg Performanceen_US
dc.subjectDividend Payouten_US
dc.subjectChannel Analysisen_US
dc.subjectEuropeen_US
dc.subjectCorporate Social-Responsibilityen_US
dc.subjectInvestmenten_US
dc.subjectLawen_US
dc.titleESG performance and dividend payout: A channel analysisen_US
dc.typeArticleen_US

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