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A multi-criteria comparison of financial performance between sustainable and non-sustainable companies

Eskantar Marianna, Doumpos Michail, Liadaki Angeliki, Zopounidis Konstantinos

Πλήρης Εγγραφή


URI: http://purl.tuc.gr/dl/dias/32778D38-7F71-4074-A77F-92A4BD9B6AD1
Έτος 2022
Τύπος Κεφάλαιο σε Βιβλίο
Άδεια Χρήσης
Λεπτομέρειες
Βιβλιογραφική Αναφορά M. Eskantar, M. Doumpos, A. Liadaki, and C. Zopounidis, “A multi-criteria comparison of financial performance between sustainable and non-sustainable companies,” in Recent trends in financial engineering: towards more sustainable social impact, World Scientific Publishing, 2022, pp. 115-129, doi: 10.1142/9789811260483_0006. https://doi.org/10.1142/9789811260483_0006
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Περίληψη

The purpose of this study is to examine whether Greek companies that apply Environmental, Social, and Governance (ESG) criteria in their activities show better financial performance than companies that do not apply such criteria. The analysis considers 10 financial indicators for a sample of 56 Greek companies. With the application of the multi-criteria UTADIS method, the differences between the two groups of companies are examined. The results show that companies that apply ESG criteria seem to show a better financial performance in certain financial ratios, while the other indicators show indifference between the two categories of companies.

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