Are High-ESG Companies More Profitable? Evidence from Newly-Public Firms
Open Access
Author:
Rice, Jack
Area of Honors:
Finance
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
Forrest Briscoe, Thesis Supervisor Stefan M Lewellen, Thesis Honors Advisor
Keywords:
ESG Profitability Linear Regression
Abstract:
This paper examines the relationship between Environmental, Sustainability, and Governance (ESG) metrics and the profitability of newly-public firms. Using ESG ratings data from Sutainalytics and firm financial data from Compustat, we find no systematic relationship between profitability, time since Initial Public Offer (IPO), and ESG metrics.
