ESG performance and dividend payout: A channel analysis
dc.authorid | Demir, Ender/0000-0003-4034-269X|Ozturk Danisman, Gamze/0000-0003-3684-6692|Erdogan, Seda/0000-0001-6701-4448 | |
dc.authorwosid | Demir, Ender/J-8808-2017 | |
dc.authorwosid | Ozturk Danisman, Gamze/P-1036-2019 | |
dc.authorwosid | Erdogan, Seda/AAR-6053-2021 | |
dc.contributor.author | Bilyay-Erdogan, Seda | |
dc.contributor.author | Danisman, Gamze Ozturk | |
dc.contributor.author | Demir, Ender | |
dc.date.accessioned | 2024-07-18T20:42:38Z | |
dc.date.available | 2024-07-18T20:42:38Z | |
dc.date.issued | 2023 | |
dc.department | İstanbul Bilgi Üniversitesi | en_US |
dc.description.abstract | This 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.doi | 10.1016/j.frl.2023.103827 | |
dc.identifier.issn | 1544-6123 | |
dc.identifier.issn | 1544-6131 | |
dc.identifier.scopus | 2-s2.0-85151259479 | en_US |
dc.identifier.scopusquality | Q1 | en_US |
dc.identifier.uri | https://doi.org/10.1016/j.frl.2023.103827 | |
dc.identifier.uri | https://hdl.handle.net/11411/7371 | |
dc.identifier.volume | 55 | en_US |
dc.identifier.wos | WOS:001028008300001 | en_US |
dc.identifier.wosquality | N/A | en_US |
dc.indekslendigikaynak | Web of Science | en_US |
dc.indekslendigikaynak | Scopus | en_US |
dc.language.iso | en | en_US |
dc.publisher | Academic Press Inc Elsevier Science | en_US |
dc.relation.ispartof | Finance Research Letters | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | Esg Performance | en_US |
dc.subject | Dividend Payout | en_US |
dc.subject | Channel Analysis | en_US |
dc.subject | Europe | en_US |
dc.subject | Corporate Social-Responsibility | en_US |
dc.subject | Investment | en_US |
dc.subject | Law | en_US |
dc.title | ESG performance and dividend payout: A channel analysis | en_US |
dc.type | Article | en_US |