Titolo Revisiting the impact of ESG on financial Periodico Financial reporting Anno: 2024 - Fascicolo: 2 - Pagina iniziale: 163 - Pagina finale: 191
Purpose: This paper re-examines the overall and pillar-level impact of the envi-ronmental, social, and governance (ESG) performance on the financial perfor-mance of companies listed in the Italian Stock Exchange market. By using the seminal paper by Velte (2017) ? which focused on the German context ? as the base comparison, we also test the moderating role of a firm?s characteristics on that association.