Esg Performance and Dividend Payout: a Channel Analysis
| dc.contributor.author | Bilyay-Erdogan, Seda | |
| dc.contributor.author | Danisman, Gamze Ozturk | |
| dc.contributor.author | Demir, Ender | |
| dc.date.accessioned | 2023-10-19T15:11:31Z | |
| dc.date.available | 2023-10-19T15:11:31Z | |
| dc.date.issued | 2023 | |
| 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.citationcount | 9 | |
| dc.identifier.doi | 10.1016/j.frl.2023.103827 | en_US |
| dc.identifier.issn | 1544-6123 | |
| dc.identifier.issn | 1544-6131 | |
| dc.identifier.scopus | 2-s2.0-85151259479 | en_US |
| dc.identifier.uri | https://doi.org/10.1016/j.frl.2023.103827 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12469/5059 | |
| dc.khas | 20231019-WoS | 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.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.subject | Corporate Social-Responsibility | En_Us |
| dc.subject | Investment | En_Us |
| dc.subject | Law | En_Us |
| dc.subject | ESG performance | en_US |
| dc.subject | Corporate Social-Responsibility | |
| dc.subject | Dividend payout | en_US |
| dc.subject | Investment | |
| dc.subject | Channel analysis | en_US |
| dc.subject | Law | |
| dc.subject | Europe | en_US |
| dc.title | Esg Performance and Dividend Payout: a Channel Analysis | en_US |
| dc.type | Article | en_US |
| dspace.entity.type | Publication | |
| gdc.author.id | Ozturk Danisman, Gamze/0000-0003-3684-6692 | |
| gdc.author.id | Demir, Ender/0000-0003-4034-269X | |
| gdc.author.id | Bilyay Erdogan, Seda/0000-0001-6701-4448 | |
| gdc.author.institutional | Erdoğan, Seda | |
| gdc.author.institutional | Öztürk Danışman, Gamze | |
| gdc.author.wosid | Ozturk Danisman, Gamze/P-1036-2019 | |
| gdc.author.wosid | Demir, Ender/J-8808-2017 | |
| gdc.bip.impulseclass | C3 | |
| gdc.bip.influenceclass | C4 | |
| gdc.bip.popularityclass | C4 | |
| gdc.coar.access | metadata only access | |
| gdc.coar.type | text::journal::journal article | |
| gdc.description.departmenttemp | [Bilyay-Erdogan, Seda] Kadir Has Univ, Fac Econ Adm & Social Sci, Istanbul, Turkiye; [Danisman, Gamze Ozturk] Istanbul Bilgi Univ, Fac Business, Istanbul, Turkiye; [Demir, Ender] Reykjavik Univ, Sch Social Sci, Dept Business Adm, Reykjavik, Iceland | en_US |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| gdc.description.scopusquality | Q1 | |
| gdc.description.startpage | 103827 | |
| gdc.description.volume | 55 | en_US |
| gdc.description.wosquality | Q1 | |
| gdc.identifier.openalex | W4360956053 | |
| gdc.identifier.wos | WOS:001028008300001 | en_US |
| gdc.oaire.diamondjournal | false | |
| gdc.oaire.impulse | 52.0 | |
| gdc.oaire.influence | 4.2036303E-9 | |
| gdc.oaire.isgreen | false | |
| gdc.oaire.keywords | Europe | |
| gdc.oaire.keywords | Channel analysis | |
| gdc.oaire.keywords | Corporate Social-Responsibility | |
| gdc.oaire.keywords | ESG performance | |
| gdc.oaire.keywords | Dividend payout | |
| gdc.oaire.keywords | Investment | |
| gdc.oaire.keywords | Law | |
| gdc.oaire.popularity | 2.8577498E-8 | |
| gdc.oaire.publicfunded | false | |
| gdc.oaire.sciencefields | 0502 economics and business | |
| gdc.oaire.sciencefields | 05 social sciences | |
| gdc.openalex.fwci | 38.139 | |
| gdc.openalex.normalizedpercentile | 1.0 | |
| gdc.openalex.toppercent | TOP 1% | |
| gdc.opencitations.count | 39 | |
| gdc.plumx.crossrefcites | 10 | |
| gdc.plumx.mendeley | 237 | |
| gdc.plumx.scopuscites | 65 | |
| gdc.scopus.citedcount | 65 | |
| gdc.wos.citedcount | 57 | |
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