Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures
Few studies investigate whether ESG mitigates the harmful effects of changes in firms’ external environments. We evidence that ESG mitigated the impact of COVID-19 work-from-home and workplace prescriptions amongst several other pandemic-related government regulatory interventions, even when control...
| Main Authors: | , , , , |
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| Format: | Journal Article |
| Published: |
2024
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| Online Access: | http://hdl.handle.net/20.500.11937/97462 |
| _version_ | 1848766273435992064 |
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| author | Goodell, J.W. Corbet, S. Hou, Y. Hu, Y. Oxley, Leslie |
| author_facet | Goodell, J.W. Corbet, S. Hou, Y. Hu, Y. Oxley, Leslie |
| author_sort | Goodell, J.W. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Few studies investigate whether ESG mitigates the harmful effects of changes in firms’ external environments. We evidence that ESG mitigated the impact of COVID-19 work-from-home and workplace prescriptions amongst several other pandemic-related government regulatory interventions, even when controlling for firm size. In a novel approach, we apply scrutiny of firms to restrict our cross-national sample to only firms with no cross-border trade, that is, explicitly domestically focused operational processes irrespective of the endpoint of corporate sales, enhancing methodological robustness. Consequently, we isolate an ESG effect. Results indicate the existence of a premium during the onset of each analysed national pandemic experience, particularly pronounced for those corporations that had achieved more substantiative ESG-based preparation and development before the onset of the COVID-19 pandemic. |
| first_indexed | 2025-11-14T11:48:31Z |
| format | Journal Article |
| id | curtin-20.500.11937-97462 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:48:31Z |
| publishDate | 2024 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-974622025-04-16T02:55:09Z Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures Goodell, J.W. Corbet, S. Hou, Y. Hu, Y. Oxley, Leslie Few studies investigate whether ESG mitigates the harmful effects of changes in firms’ external environments. We evidence that ESG mitigated the impact of COVID-19 work-from-home and workplace prescriptions amongst several other pandemic-related government regulatory interventions, even when controlling for firm size. In a novel approach, we apply scrutiny of firms to restrict our cross-national sample to only firms with no cross-border trade, that is, explicitly domestically focused operational processes irrespective of the endpoint of corporate sales, enhancing methodological robustness. Consequently, we isolate an ESG effect. Results indicate the existence of a premium during the onset of each analysed national pandemic experience, particularly pronounced for those corporations that had achieved more substantiative ESG-based preparation and development before the onset of the COVID-19 pandemic. 2024 Journal Article http://hdl.handle.net/20.500.11937/97462 10.1016/j.jfs.2024.101220 unknown |
| spellingShingle | Goodell, J.W. Corbet, S. Hou, Y. Hu, Y. Oxley, Leslie Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures |
| title | Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures |
| title_full | Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures |
| title_fullStr | Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures |
| title_full_unstemmed | Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures |
| title_short | Isolating defensive corporate ESG effects: Evidence from purely domestic anti-COVID-19 measures |
| title_sort | isolating defensive corporate esg effects: evidence from purely domestic anti-covid-19 measures |
| url | http://hdl.handle.net/20.500.11937/97462 |