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Environmental, Social, and Governance Ratings and Its Effects on Corporate Financial Performance of Financial Companies

by Brandstrader, Annie Zheng

Abstract

This paper examines Environmental, Social, and Governance (ESG) ratings and their correlation to the stock price of 59 US financial firms. The ESG ratings used were from CSRHub and the company stock prices were from yahoo.finance.com taken on a monthly basis for four years spanning from August 2014 to July 2018. An empirical model based on panel data was used to determine whether each rating category had a positive or negative effect on a company’s stock price. The data was conclusive in showing that the environmental, governance, and subcategory of employees had a positive impact on company stock price, and the overall social rating and the subcategory community rating had a negative impact on company stock price.

Note

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Includes bibliographical references.

Administrative Notes

The author has given permission for this work to be deposited in the Digital Archive of Colorado College.

Colorado College Honor Code upheld.

Copyright
Copyright restrictions apply.
Publisher
Colorado College Tutt Library
PID
coccc:30803
Digital Origin
born digital
Extent
26 pages : illustrations
Thesis
Senior Thesis -- Colorado College
Thesis Advisor
Esther Redmount
Department/Program
Economics and Business
Degree Name
Bachelor of Arts
Degree Type
bachelor
Degree Grantor
Colorado College Tutt Library
Date Issued
2019-05